MARSH & MCLENNAN COMPANIES, INC.
For the period ended Sep 30, 2025. Filed Oct 16, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 16, 2025
MRSH$204.37-0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF EQUITY
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (In millions, except per share data) | 2025 | 2024 | 2025 | 2024 |
| COMMON STOCK | ||||
| Balance, beginning and end of period | $561 | $561 | $561 | $561 |
| ADDITIONAL PAID-IN CAPITAL | ||||
| Balance, beginning of period | $1,362 | $1,197 | $1,370 | $1,242 |
| Change in accrued stock compensation costs | 83 | 84 | (48) | (41) |
| Issuance of shares under stock compensation plans and employee stock purchase plans | 12 | 8 | 135 | 88 |
| Balance, end of period | $1,457 | $1,289 | $1,457 | $1,289 |
| RETAINED EARNINGS | ||||
| Balance, beginning of period | $27,088 | $24,578 | $25,306 | $22,759 |
| Net income attributable to the Company | 747 | 747 | 3,339 | 3,272 |
| Dividend equivalents declared | (4) | (3) | (12) | (10) |
| Dividends declared | (883) | (802) | (1,685) | (1,501) |
| Balance, end of period | $26,948 | $24,520 | $26,948 | $24,520 |
| ACCUMULATED OTHER COMPREHENSIVE LOSS | ||||
| Balance, beginning of period | $(5,244) | $(5,527) | $(6,240) | $(5,295) |
| Other comprehensive income (loss), net of tax | (197) | 537 | 799 | 305 |
| Balance, end of period | $(5,441) | $(4,990) | $(5,441) | $(4,990) |
| TREASURY SHARES | ||||
| Balance, beginning of period | $(8,000) | $(7,442) | $(7,655) | $(7,076) |
| Issuance of shares under stock compensation plans and employee stock purchase plans | 30 | 50 | 285 | 284 |
| Purchase of treasury shares | (402) | (300) | (1,002) | (900) |
| Balance, end of period | $(8,372) | $(7,692) | $(8,372) | $(7,692) |
| NON-CONTROLLING INTERESTS | ||||
| Balance, beginning of period | $209 | $198 | $193 | $179 |
| Net income attributable to non-controlling interests | 10 | 5 | 61 | 44 |
| Distributions and other changes | (13) | (9) | (48) | (29) |
| Balance, end of period | $206 | $194 | $206 | $194 |
| TOTAL EQUITY | $15,359 | $13,882 | $15,359 | $13,882 |
| Dividends declared per share | $1.80 | $1.63 | $3.43 | $3.05 |
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