Marsh & McLennan Companies Inc
Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation s… Read more
Marsh & McLennan Companies Inc (MMC) - Net Assets
Latest net assets as of September 2025: $15.36 Billion USD
Based on the latest financial reports, Marsh & McLennan Companies Inc (MMC) has net assets worth $15.36 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.78 Billion) and total liabilities ($43.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.36 Billion |
| % of Total Assets | 26.13% |
| Annual Growth Rate | 8.74% |
| 5-Year Change | 46.17% |
| 10-Year Change | 105.01% |
| Growth Volatility | 15.72 |
Marsh & McLennan Companies Inc - Net Assets Trend (1985–2024)
This chart illustrates how Marsh & McLennan Companies Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marsh & McLennan Companies Inc (1985–2024)
The table below shows the annual net assets of Marsh & McLennan Companies Inc from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $13.54 Billion | +9.42% |
| 2023-12-31 | $12.37 Billion | +15.08% |
| 2022-12-31 | $10.75 Billion | -4.21% |
| 2021-12-31 | $11.22 Billion | +21.19% |
| 2020-12-31 | $9.26 Billion | +16.58% |
| 2019-12-31 | $7.94 Billion | +4.73% |
| 2018-12-31 | $7.58 Billion | +1.91% |
| 2017-12-31 | $7.44 Billion | +18.65% |
| 2016-12-31 | $6.27 Billion | -5.00% |
| 2015-12-31 | $6.60 Billion | -7.44% |
| 2014-12-31 | $7.13 Billion | -10.56% |
| 2013-12-31 | $7.97 Billion | +20.65% |
| 2012-12-31 | $6.61 Billion | +11.28% |
| 2011-12-31 | $5.94 Billion | -7.40% |
| 2010-12-31 | $6.42 Billion | +9.14% |
| 2009-12-31 | $5.88 Billion | +2.73% |
| 2008-12-31 | $5.72 Billion | -26.85% |
| 2007-12-31 | $7.82 Billion | +34.42% |
| 2006-12-31 | $5.82 Billion | +8.56% |
| 2005-12-31 | $5.36 Billion | +6.01% |
| 2004-12-31 | $5.06 Billion | -7.25% |
| 2003-12-31 | $5.45 Billion | +8.63% |
| 2002-12-31 | $5.02 Billion | -3.00% |
| 2001-12-31 | $5.17 Billion | -1.05% |
| 2000-12-31 | $5.23 Billion | +25.37% |
| 1999-12-31 | $4.17 Billion | +13.97% |
| 1998-12-31 | $3.66 Billion | +14.39% |
| 1997-12-31 | $3.20 Billion | +69.37% |
| 1996-12-31 | $1.89 Billion | +13.40% |
| 1995-12-31 | $1.67 Billion | +14.03% |
| 1994-12-31 | $1.46 Billion | +6.98% |
| 1993-12-31 | $1.37 Billion | +23.79% |
| 1992-12-31 | $1.10 Billion | +6.56% |
| 1991-12-31 | $1.03 Billion | -4.63% |
| 1990-12-31 | $1.09 Billion | +24.32% |
| 1989-12-31 | $873.00 Million | +15.61% |
| 1988-12-31 | $755.10 Million | -4.62% |
| 1987-12-31 | $791.70 Million | +23.95% |
| 1986-12-31 | $638.70 Million | +23.97% |
| 1985-12-31 | $515.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marsh & McLennan Companies Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5957.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $25.31 Billion | 189.67% |
| Common Stock | $561.00 Million | 4.20% |
| Other Comprehensive Income | $-6.24 Billion | -46.77% |
| Total Equity | $13.34 Billion | 100.00% |
Marsh & McLennan Companies Inc Competitors by Market Cap
The table below lists competitors of Marsh & McLennan Companies Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vertiv Holdings Co
NYSE:VRT
|
$89.72 Billion |
|
Williams Cos.
LSE:0LXB
|
$89.88 Billion |
|
Airbus Group SE
PINK:EADSF
|
$89.88 Billion |
|
General Dynamics Corporation
NYSE:GD
|
$90.18 Billion |
|
Zurich Insurance Group AG
OTCQX:ZFSVF
|
$89.21 Billion |
|
CEZ as
LSE:0NZF
|
$89.02 Billion |
|
Waste Management Inc
NYSE:WM
|
$89.00 Billion |
|
China Mobile Limited
SHG:600941
|
$88.53 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marsh & McLennan Companies Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,191,000,000 to 13,342,000,000, a change of 1,151,000,000 (9.4%).
- Net income of 4,060,000,000 contributed positively to equity growth.
- Dividend payments of 1,513,000,000 reduced retained earnings.
- Share repurchases of 900,000,000 reduced equity.
- New share issuances of 264,000,000 increased equity.
- Other comprehensive income decreased equity by 945,000,000.
- Other factors increased equity by 185,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.06 Billion | +30.43% |
| Dividends Paid | $1.51 Billion | -11.34% |
| Share Repurchases | $900.00 Million | -6.75% |
| Share Issuances | $264.00 Million | +1.98% |
| Other Comprehensive Income | $-945.00 Million | -7.08% |
| Other Changes | $185.00 Million | +1.39% |
| Total Change | $- | 9.44% |
Book Value vs Market Value Analysis
This analysis compares Marsh & McLennan Companies Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.79x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 154.05x to 6.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.19 | $182.70 | x |
| 1986-12-31 | $1.44 | $182.70 | x |
| 1987-12-31 | $1.77 | $182.70 | x |
| 1988-12-31 | $1.75 | $182.70 | x |
| 1989-12-31 | $2.03 | $182.70 | x |
| 1990-12-31 | $2.48 | $182.70 | x |
| 1991-12-31 | $2.35 | $182.70 | x |
| 1992-12-31 | $2.55 | $182.70 | x |
| 1993-12-31 | $3.10 | $182.70 | x |
| 1994-12-31 | $3.31 | $182.70 | x |
| 1995-12-31 | $3.76 | $182.70 | x |
| 1996-12-31 | $4.28 | $182.70 | x |
| 1997-12-31 | $6.44 | $182.70 | x |
| 1998-12-31 | $6.93 | $182.70 | x |
| 1999-12-31 | $7.67 | $182.70 | x |
| 2000-12-31 | $9.20 | $182.70 | x |
| 2001-12-31 | $9.03 | $182.70 | x |
| 2002-12-31 | $9.01 | $182.70 | x |
| 2003-12-31 | $9.95 | $182.70 | x |
| 2004-12-31 | $9.45 | $182.70 | x |
| 2005-12-31 | $9.87 | $182.70 | x |
| 2006-12-31 | $10.45 | $182.70 | x |
| 2007-12-31 | $14.33 | $182.70 | x |
| 2008-12-31 | $11.11 | $182.70 | x |
| 2009-12-31 | $11.12 | $182.70 | x |
| 2010-12-31 | $11.71 | $182.70 | x |
| 2011-12-31 | $10.68 | $182.70 | x |
| 2012-12-31 | $11.85 | $182.70 | x |
| 2013-12-31 | $14.17 | $182.70 | x |
| 2014-12-31 | $12.76 | $182.70 | x |
| 2015-12-31 | $12.15 | $182.70 | x |
| 2016-12-31 | $11.82 | $182.70 | x |
| 2017-12-31 | $14.18 | $182.70 | x |
| 2018-12-31 | $14.70 | $182.70 | x |
| 2019-12-31 | $15.25 | $182.70 | x |
| 2020-12-31 | $17.78 | $182.70 | x |
| 2021-12-31 | $21.46 | $182.70 | x |
| 2022-12-31 | $20.83 | $182.70 | x |
| 2023-12-31 | $24.43 | $182.70 | x |
| 2024-12-31 | $26.90 | $182.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marsh & McLennan Companies Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 30.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.60%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 4.23x
- Recent ROE (30.43%) is above the historical average (23.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 31.62% | 11.91% | 1.33x | 2.00x | $111.38 Million |
| 1986 | 38.08% | 13.48% | 1.22x | 2.31x | $179.33 Million |
| 1987 | 38.16% | 14.07% | 1.31x | 2.06x | $222.93 Million |
| 1988 | 39.24% | 13.04% | 1.24x | 2.42x | $220.79 Million |
| 1989 | 33.78% | 12.15% | 1.19x | 2.33x | $207.60 Million |
| 1990 | 28.02% | 11.17% | 1.13x | 2.22x | $195.57 Million |
| 1991 | 29.52% | 10.99% | 1.17x | 2.30x | $202.00 Million |
| 1992 | 23.91% | 8.98% | 0.95x | 2.80x | $153.41 Million |
| 1993 | 24.35% | 10.51% | 0.89x | 2.60x | $195.87 Million |
| 1994 | 25.43% | 10.82% | 0.90x | 2.62x | $225.44 Million |
| 1995 | 24.19% | 10.23% | 0.91x | 2.60x | $236.35 Million |
| 1996 | 24.30% | 10.42% | 0.97x | 2.41x | $270.14 Million |
| 1997 | 13.42% | 7.22% | 0.76x | 2.45x | $110.70 Million |
| 1998 | 21.75% | 11.07% | 0.61x | 3.24x | $430.10 Million |
| 1999 | 17.41% | 7.93% | 0.70x | 3.12x | $309.00 Million |
| 2000 | 22.59% | 11.46% | 0.75x | 2.63x | $658.20 Million |
| 2001 | 18.83% | 9.87% | 0.74x | 2.57x | $456.70 Million |
| 2002 | 27.20% | 13.07% | 0.75x | 2.76x | $863.20 Million |
| 2003 | 28.25% | 13.29% | 0.77x | 2.76x | $994.90 Million |
| 2004 | 7.44% | 3.20% | 0.64x | 3.63x | $-129.60 Million |
| 2005 | 7.54% | 3.47% | 0.65x | 3.34x | $-132.00 Million |
| 2006 | 17.01% | 8.30% | 0.66x | 3.12x | $408.10 Million |
| 2007 | 31.64% | 22.14% | 0.64x | 2.22x | $1.69 Billion |
| 2008 | -1.28% | -0.68% | 0.71x | 2.66x | $-645.20 Million |
| 2009 | 3.89% | 2.31% | 0.64x | 2.63x | $-355.80 Million |
| 2010 | 13.43% | 8.10% | 0.69x | 2.40x | $218.20 Million |
| 2011 | 16.88% | 8.62% | 0.75x | 2.63x | $404.70 Million |
| 2012 | 17.98% | 9.86% | 0.73x | 2.49x | $521.80 Million |
| 2013 | 17.17% | 11.07% | 0.72x | 2.14x | $566.50 Million |
| 2014 | 20.77% | 11.31% | 0.73x | 2.53x | $759.60 Million |
| 2015 | 24.55% | 12.40% | 0.71x | 2.80x | $947.70 Million |
| 2016 | 28.55% | 13.38% | 0.73x | 2.94x | $1.15 Billion |
| 2017 | 20.27% | 10.64% | 0.69x | 2.78x | $756.10 Million |
| 2018 | 21.97% | 11.04% | 0.69x | 2.87x | $898.90 Million |
| 2019 | 22.35% | 10.46% | 0.53x | 4.02x | $962.70 Million |
| 2020 | 22.14% | 11.70% | 0.52x | 3.63x | $1.11 Billion |
| 2021 | 28.55% | 15.86% | 0.58x | 3.12x | $2.04 Billion |
| 2022 | 28.99% | 14.72% | 0.62x | 3.18x | $2.00 Billion |
| 2023 | 30.81% | 16.52% | 0.47x | 3.94x | $2.54 Billion |
| 2024 | 30.43% | 16.60% | 0.43x | 4.23x | $2.73 Billion |
Industry Comparison
This section compares Marsh & McLennan Companies Inc's net assets metrics with peer companies in the Insurance Brokers industry.
Industry Context
- Industry: Insurance Brokers
- Average net assets among peers: $1,782,205,063
- Average return on equity (ROE) among peers: 13.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marsh & McLennan Companies Inc (MMC) | $15.36 Billion | 31.62% | 2.83x | $89.35 Billion |
| Fanhua Inc. (AIFU) | $3.33 Billion | 4.85% | 0.12x | $991.26K |
| Arthur J Gallagher & Co (AJG) | $3.23 Billion | 9.39% | 2.10x | $52.50 Billion |
| Aon PLC (AON) | $9.55 Billion | 38.70% | 4.32x | $66.69 Billion |
| Accelerant Holdings (ARX) | $427.00 Million | 6.37% | 13.27x | $668.60 Million |
| Brown & Brown Inc (BRO) | $27.20 Million | 29.41% | 3.90x | $20.06 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $-96.25 Million | 0.00% | 0.00x | $1.98 Billion |
| Crawford & Company (CRD-B) | $207.80 Million | 17.08% | 0.52x | $205.68 Million |
| CorVel Corp (CRVL) | $194.81 Million | 23.97% | 0.63x | $1.55 Billion |
| China United Insurance Service Inc (CUII) | $45.75 Million | 12.89% | 0.95x | $1.56K |
| eHealth Inc (EHTH) | $904.08 Million | -3.12% | 0.23x | $37.15 Million |