Marsh & McLennan Companies, Inc. (MRSH) - Net Assets
Based on the latest financial reports, Marsh & McLennan Companies, Inc. (MRSH) has net assets worth $15.31 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($58.71 Billion) and total liabilities ($43.40 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. Read MRSH liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.31 Billion |
| % of Total Assets | 26.09% |
| Annual Growth Rate | 8.85% |
| 5-Year Change | 36.47% |
| 10-Year Change | 144.18% |
| Growth Volatility | 15.53 |
Marsh & McLennan Companies, Inc. - Net Assets Trend (1985–2025)
This chart illustrates how Marsh & McLennan Companies, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Marsh & McLennan Companies, Inc. for the complete picture of this company's asset base.
Annual Net Assets for Marsh & McLennan Companies, Inc. (1985–2025)
The table below shows the annual net assets of Marsh & McLennan Companies, Inc. from 1985 to 2025. For live valuation and market cap data, see Marsh & McLennan Companies, Inc. stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $15.31 Billion | +13.15% |
| 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 6546.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $27.77 Billion | 4795.68% |
| Total Equity | $579.00 Million | 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 |
|---|---|
|
AMERICA MOVIL SAB DE CV
MX:AMXB
|
$80.55 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$80.69 Billion |
|
Howmet Aerospace Inc
NYSE:HWM
|
$81.02 Billion |
|
Moodys Corporation
NYSE:MCO
|
$81.13 Billion |
|
The Bank of New York Mellon Corporation
NYSE:BK
|
$80.26 Billion |
|
ING Group NV ADR
NYSE:ING
|
$80.23 Billion |
|
Xiaomi Corporation
F:3CP
|
$80.14 Billion |
|
Glencore PLC
JSE:GLN
|
$80.01 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 2024 to 2025, total equity changed from 13,342,000,000 to 579,000,000, a change of -12,763,000,000 (-95.7%).
- Net income of 4,160,000,000 contributed positively to equity growth.
- Dividend payments of 1,699,000,000 reduced retained earnings.
- Share repurchases of 2,012,000,000 reduced equity.
- New share issuances of 250,000,000 increased equity.
- Other comprehensive income increased equity by 6,240,000,000.
- Other factors decreased equity by 19,702,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.16 Billion | +718.48% |
| Dividends Paid | $1.70 Billion | -293.44% |
| Share Repurchases | $2.01 Billion | -347.5% |
| Share Issuances | $250.00 Million | +43.18% |
| Other Comprehensive Income | $6.24 Billion | +1077.72% |
| Other Changes | $-19.70 Billion | -3402.76% |
| Total Change | $- | -95.66% |
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: 140.64x
- 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 increased from 140.12x to 140.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.19 | $166.18 | x |
| 1986-12-31 | $1.44 | $166.18 | x |
| 1987-12-31 | $1.77 | $166.18 | x |
| 1988-12-31 | $1.75 | $166.18 | x |
| 1989-12-31 | $2.03 | $166.18 | x |
| 1990-12-31 | $2.48 | $166.18 | x |
| 1991-12-31 | $2.35 | $166.18 | x |
| 1992-12-31 | $2.55 | $166.18 | x |
| 1993-12-31 | $3.10 | $166.18 | x |
| 1994-12-31 | $3.31 | $166.18 | x |
| 1995-12-31 | $3.76 | $166.18 | x |
| 1996-12-31 | $4.28 | $166.18 | x |
| 1997-12-31 | $6.44 | $166.18 | x |
| 1998-12-31 | $6.93 | $166.18 | x |
| 1999-12-31 | $7.67 | $166.18 | x |
| 2000-12-31 | $9.20 | $166.18 | x |
| 2001-12-31 | $9.03 | $166.18 | x |
| 2002-12-31 | $9.01 | $166.18 | x |
| 2003-12-31 | $9.95 | $166.18 | x |
| 2004-12-31 | $9.45 | $166.18 | x |
| 2005-12-31 | $9.87 | $166.18 | x |
| 2006-12-31 | $10.45 | $166.18 | x |
| 2007-12-31 | $14.33 | $166.18 | x |
| 2008-12-31 | $11.11 | $166.18 | x |
| 2009-12-31 | $11.12 | $166.18 | x |
| 2010-12-31 | $11.71 | $166.18 | x |
| 2011-12-31 | $10.68 | $166.18 | x |
| 2012-12-31 | $11.85 | $166.18 | x |
| 2013-12-31 | $14.17 | $166.18 | x |
| 2014-12-31 | $12.76 | $166.18 | x |
| 2015-12-31 | $12.15 | $166.18 | x |
| 2016-12-31 | $11.82 | $166.18 | x |
| 2017-12-31 | $14.18 | $166.18 | x |
| 2018-12-31 | $14.70 | $166.18 | x |
| 2019-12-31 | $15.25 | $166.18 | x |
| 2020-12-31 | $17.78 | $166.18 | x |
| 2021-12-31 | $21.46 | $166.18 | x |
| 2022-12-31 | $20.83 | $166.18 | x |
| 2023-12-31 | $24.43 | $166.18 | x |
| 2024-12-31 | $26.90 | $166.18 | x |
| 2025-12-31 | $1.18 | $166.18 | 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): 718.48%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.42%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 101.40x
- Recent ROE (718.48%) is above the historical average (39.99%), 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 |
| 2025 | 718.48% | 15.42% | 0.46x | 101.40x | $4.10 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: $644,709,300
- Average return on equity (ROE) among peers: 10.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marsh & McLennan Companies, Inc. (MRSH) | $15.31 Billion | 31.62% | 2.83x | $80.45 Billion |
| Fanhua Inc. (AIFU) | $1.95 Billion | 13.72% | 0.58x | $162.32 Million |
| Arthur J Gallagher & Co (AJG) | $81.90 Million | 21.61% | 2.90x | $52.50 Billion |
| Aon PLC (AON) | $2.29 Billion | 14.15% | 6.12x | $66.82 Billion |
| Accelerant Holdings (ARX) | $350.00 Million | -26.20% | 5.28x | $1.50 Billion |
| Brown & Brown Inc (BRO) | $13.40 Million | 34.33% | 4.85x | $19.62 Billion |
| The Baldwin Insurance Group, Inc. (BWIN) | $1.19 Billion | -2.58% | 1.42x | $2.12 Billion |
| Crawford & Company (CRD-A) | $215.69 Million | 6.96% | 3.14x | $310.54 Million |
| Crawford & Company (CRD-B) | $139.83 Million | 21.89% | 4.72x | $182.26 Million |
| CorVel Corp (CRVL) | $138.65 Million | 21.26% | 0.70x | $2.36 Billion |
| eHealth Inc (EHTH) | $77.60 Million | 0.39% | 0.40x | $41.02 Million |
About 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. The company operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk management, insurance broking, insurance progra… Read more