Financial Sector Ideas

[gfp927z]

>>> Marsh & McLennan provides insurance brokerage and consulting services to corporations and governments worldwide. The company's revenue is split, with 60% coming from risk and insurance services and 40% from consulting.


https://www.fool.com/investing/2023/04/29/got-1500-you-can-confidently-add-these-3-stocks-to/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article


Marsh & McLennan's business is robust because it thrives on risk in the economy and markets. In the past few years, companies have seen supply chain disruptions, inventory buildups, labor shortages, cyber attacks, and a shift toward greener energy. Marsh & McLennan's job is to help companies navigate these disruptions while protecting them from the risks they pose.

In the first quarter, the company posted revenue of $5.9 billion, up nearly 7% from the year before. Consulting saw 1% growth. If the economy does slow, this segment could see revenue decline as companies cut costs. However, its insurance business grew 10% in the quarter and should continue providing stability and cash flow in any recession.

<<<



---