Marsh, a business within the segment, posted third-quarter revenue of $3.4 billion, a 16% increase, or 4% on an underlying basis. Underlying revenue in the US and Canada rose 3%. International operations saw underlying revenue growth of 5%, with EMEA at 5%, Asia Pacific at 6%, and Latin America at 3%. For the first nine months of 2025, Marsh’s underlying revenue growth was 5%.
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