# MARSH & MCLENNAN COMPANIES, INC. (MRSH) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from MARSH & MCLENNAN COMPANIES, INC.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/MRSH/mda/fy2025/): filed 2026-02-09; accession 0000062709-26-000022 (https://www.sec.gov/Archives/edgar/data/62709/000006270926000022/mrsh-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/MRSH/mda/fy2024/): filed 2025-02-10; accession 0000062709-25-000015 (https://www.sec.gov/Archives/edgar/data/62709/000006270925000015/mmc-20241231.htm)
- [FY 2023 MD&A](/company/MRSH/mda/fy2023/): filed 2024-02-12; accession 0000062709-24-000016 (https://www.sec.gov/Archives/edgar/data/62709/000006270924000016/mmc-20231231.htm)
- [FY 2022 MD&A](/company/MRSH/mda/fy2022/): filed 2023-02-13; accession 0000062709-23-000014 (https://www.sec.gov/Archives/edgar/data/62709/000006270923000014/mmc-20221231.htm)
- [FY 2021 MD&A](/company/MRSH/mda/fy2021/): filed 2022-02-16; accession 0000062709-22-000009 (https://www.sec.gov/Archives/edgar/data/62709/000006270922000009/mmc-20211231.htm)

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