MARSH & MCLENNAN COMPANIES, INC. Annual Report, Year Ended Dec 31, 2018

Marsh & McLennan Companies, Inc. (MRSH) reported solid financial performance for the fiscal year ended December 31, 2018, with total revenue reaching $14.95 billion, representing a 7% increase over the previous year. The company operates through two primary segments: Risk and Insurance Services, which accounted for approximately 55% of revenue, and Consulting, contributing the remaining 45%. Both segments demonstrated underlying revenue growth, reflecting the company's strategic focus and market positioning. The company announced a significant development with its agreement to acquire Jardine Lloyd Thompson Group plc (JLT) for approximately $5.6 billion, expected to close in the spring of 2019, which will significantly expand its global footprint. During 2018, Marsh & McLennan experienced a net income attributable to the company of $1.65 billion, an 11% increase from 2017, driven by operational improvements and revenue growth, partially offset by significant one-time items including derivative losses and acquisition-related expenses related to the JLT transaction. Diluted earnings per share also saw a healthy increase. The company continues to focus on strategic acquisitions and organic growth, while managing operational expenses and investing in technology and talent to maintain its competitive edge in the global professional services market.