Marsh & McLennan Companies, Inc. (MMC) Q2 2025 Earnings Call Transcript

Marsh & McLennan Companies, Inc. (NYSE:MMC) Q2 2025 Earnings Conference Call July 17, 2025 8:30 AM ET

Company Participants

Dean M. Klisura – Corporate Participant
Vice Chair – Corporate Participant
John Quinlan Doyle – President, CEO & Director
Mark Christopher McGivney – Senior VP & CFO
Martin C. South – Corporate Participant
Vice Chair – Corporate Participant
Nicholas Mark Studer – Corporate Participant
Vice Chair – Corporate Participant
Patrick Tomlinson – Corporate Participant
Vice Chair – Corporate Participant

Conference Call Participants

Charles Gregory Peters – Raymond James & Associates, Inc., Research Division
David Kenneth Motemaden – Evercore ISI Institutional Equities, Research Division
Jamminder Singh Bhullar – JPMorgan Chase & Co, Research Division
Meyer Shields – Keefe, Bruyette, & Woods, Inc., Research Division
Michael David Zaremski – BMO Capital Markets Equity Research
Taylor Alexander Scott – Barclays Bank PLC, Research Division

Operator

Welcome to Marsh & McLennan’s earnings conference call. Today’s call is being recorded. Second quarter 2025 financial results and supplemental information were issued earlier this morning. They are available on the company’s website at marshmclennan.com.

Please note that today’s remarks may include forward-looking statements. Forward-looking statements are subject to risks and uncertainties, and a variety of factors that may cause actual results to differ materially from those contemplated by such statements. For a more detailed discussion of those factors, please refer to our earnings release for this quarter and to our most recent SEC filings including our most recent Form 10-K, all of which are available on the Marsh & McLennan website.

During the call today, we may also discuss certain non-GAAP financial measures. For a reconciliation of these measures to the most closely comparable GAAP measures, please refer to the schedule in today’s earnings release. [Operator Instructions] I’ll now turn this over to John Doyle, President and CEO of Marsh & McLennan.