Adjusted profit rises for Marsh McLennan

(Reuters) — Insurance broker Marsh McLennan reported a rise in third-quarter adjusted profit on Thursday, helped by strong performance in its risk and insurance services business.

Spending on insurance recovered in the reporting quarter after a period of uncertainty tied to U.S. President Donald Trump’s shifting tariff policies.

Brokers generate revenue through commissions based on premiums, tying their performance closely with the insurance industry’s numbers.

Revenue in Marsh McLennan’s risk and insurance services business came in at $3.9 billion, up 13% from a year earlier.

New York-based Marsh McLennan caters to clients in over 100 countries across four businesses — Marsh, Guy Carpenter, Mercer and Oliver Wyman.

However, the company said earlier in the week that it will change its brand to Marsh, effective January, while the four businesses will move to the new brand from 2027 following a transition period.

Shares of the company have lost about 4% so far in 2025.

Revenue in its consultancy arm increased 9% to $2.5 billion, helping the company record an 11% rise in total revenue to $6.4 billion for the three months ended September 30.

Adjusted net income attributable to Marsh McLennan came in at $911 million, or $1.85 per share, for the third quarter, compared with $825 million, or $1.66 per share, in the year-ago period.