Marsh & McLennan Companies, Inc., a professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide. It operates through Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment offers risk management services, such as risk advice, risk transfer, and risk control and mitigation solutions, as well …
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Competitive advantage assessment
Key strengths
Stable Underwriting Performance Through CyclesUnderwriting stability score is 0.75, demonstrating consistent risk selection and reserving discipline through market cycles.
Superior Returns on FloatFloat investment returns are strong (signal score 0.85), with ROA at 7.22% vs peers — investment income amplifies underwriting profit.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Marsh & McLennan Companies, Inc ranks #2 of 21
scored companies in Insurance Brokers by moat score — the top 10%.
The widest moat in the group is Brown & Brown, Inc. (BRO)
at 82/100.
Moat scores for companies ranked near MMC in Insurance Brokers
How MMC scores on the Insurance & Reinsurance defenses
Underwriting Discipline
Score 74
· 25% of the moat score
Underwriting discipline is the core insurance moat, and it consists mostly of the willingness to lose business.
Float Investment Quality
Score 92
· 20% of the moat score
Float is the money an insurer holds between collecting premiums and paying claims — capital it invests but does not own.
Pricing Power
Score 69
· 18% of the moat score
For an insurer, pricing power is the ability to push rate ahead of claims inflation and keep the policyholders anyway.
Capital Strength & Solvency
Score 93
· 17% of the moat score
Capital is what lets an insurer credibly promise to pay a claim that has not happened yet, and it is scrutinised by regulators and rating agencies alike.
Operational Efficiency
Score 76
· 12% of the moat score
The expense ratio — what it costs to acquire and administer a policy — is the half of the combined ratio management fully controls.
Scale & Diversification
Score 94
· 8% of the moat score
Diversification is a real economic advantage in insurance rather than a portfolio preference: risks spread across perils, geographies and lines are less likely to arrive at once, so the same capital supports more premium.
What is Marsh & McLennan Companies, Inc's moat score?
Marsh & McLennan Companies, Inc (MMC) scores 82 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #2 of 21 scored companies in Insurance Brokers, the top 10%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 20 companies in Insurance Brokers. Its strongest defense is Scale & Diversification (94/100) and its weakest is Pricing Power (69/100).
How does Marsh & McLennan Companies, Inc compare with other Insurance Brokers companies?
Marsh & McLennan Companies, Inc ranks #2 of 21 scored companies in Insurance Brokers by moat score. The widest moat in Insurance Brokers is Brown & Brown, Inc. (BRO) at 82/100. The companies ranked closest are Brown & Brown, Inc. (BRO) at 82 just above it and Aon plc (AON) at 73 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Insurance & Reinsurance in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 20 companies in Insurance Brokers. The defenses are then weighted to produce the overall score out of 100.
Why is Marsh & McLennan Companies, Inc scored with the Insurance & Reinsurance template?
An insurer is paid before it knows what its product cost, and invests the money in the meantime. Profit therefore comes from two sources that must both work: pricing risk better than rivals, and earning a return on the float those premiums create. The Insurance template scores that pair, along with the capital that lets a company survive the year in which the losses arrive together.
Which competitive defenses are measured for Marsh & McLennan Companies, Inc?
The Insurance & Reinsurance template measures 6 defenses, and MMC scores: Underwriting Discipline (74), Float Investment Quality (92), Pricing Power (69), Capital Strength & Solvency (93), Operational Efficiency (76), Scale & Diversification (94). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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