Free · no account · quoted from the filing

What changed in MRSH's 10-Q

Source: 10-Q filed 2026-04-16 · compared against 10-Q 2025-10-16. Every passage below is quoted verbatim from the filing itself.

Margins

This filing

Operating income $1,754

Segment Reporting

This filing

Total Marsh Risk

Acquisitions

This filing

gain of $13 million related to the remeasurement of its previously held equity method investment to fair value upon consolidation

Disposals

This filing

sold MMA's Technology Consulting and Administrative Solutions ("TCAS") business for approximately $25 million, and recorded a gain of $15 million

Risk Factors

This filing

While the U.S. has negotiated a "side-by-side" arrangement for the existing U.S. minimum taxes with the intent to exempt U.S. multinational companies from certain of the Pillar Two provisions, uncertainty remains related to the implementation of this arrangement.

Goodwill

This filing

Balance at March 31, $24,273

Fiduciary Interest Income

This filing

interest on fiduciary funds of $85 million

What it means — the analyst reading

The passages above are the company's own words. The plain-English reading of them — what changed, why it matters, and the direction of travel — is part of the Filing Change Monitor.

See the Filing Change Monitor →

Compared from narrative excerpts (outlook, risks, MD&A) of both filings — quotes are verbatim from the new filing. Not advice. Source: company SEC filings via stockportfolio.pro. Educational, not investment advice.