Marsh & McLennan continues to benefit from the recent acquisition of JLT
In February 2022, Fitch Ratings maintained its A- credit rating for Marsh & McLennan. The company accesses a $2.8 billion unsecured revolving line of credit. The agency recognized the company’s de-leveraging after a $5.6 billion acquisition of Jardine Lloyd Thompson Group (JLT), finalized in 2019. The acquisition grew Marsh & McLennan’s data analytics, insurance brokerage and retirement services capabilities. The company expects a double-digit internal rate of return from the acquisition. Despite integration costs in the hundreds of millions, Marsh & McLennan increased operating income by 61.7% from 2019 to 2021, reaching $4.3 billion.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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