Marsh (MRSH) AGM 2026 summary

Opening remarks and agenda

• The meeting was held virtually to increase inclusivity and was recorded for later access.

• Management noted that forward-looking statements and non-GAAP measures may be discussed.

• The agenda included director elections, executive compensation approval, auditor ratification, and a Q&A session.

Board and executive committee updates

• Independent directors and executive committee members were introduced, highlighting recent leadership changes and expanded roles.

• One new executive committee member joined, two took new roles, and one expanded their responsibilities since the start of the year.

Financial performance review

• Total revenue grew 10% to $27 billion, with underlying revenue up 4%.

• Adjusted operating income rose 11% to $7.3 billion, and adjusted EPS increased 9%.

• Free cash flow reached a record $5 billion; $850 million was invested in acquisitions.

• Dividend increased by 10% for the 16th consecutive year; $2 billion in share repurchases marked a company record.