Marsh McLennan (MMC) Q3 Earnings Lift Focus Toward Margin Pressure

Marsh & McLennan came into this Q3 2026 report with a reputation as a resilient, fee-heavy insurance broker and consultancy, and the stock reflected that steady story, up around 7% over the past month before today and edging another 1% higher to about US$188 in the first full session after results. The headline this quarter is not flashy revenue; it is earnings quality. Adjusted earnings per share of US$2.03, versus GAAP EPS of US$1.70, put the focus squarely on how much of that profit power...