⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

Marsh & McLennan Companies' Risk Factors section remained largely stable between 2023 and 2024, with 30 unchanged risks and no new or removed risk categories. However, four existing risks were substantively modified, including enhanced disclosures on technology development and AI disruption threats, geopolitical and macroeconomic impacts on operations and investments, and compliance costs related to privacy, data security, and data protection regulations.

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🟡 Modified Our business performance and growth plans could be negatively affected if we are not able to develop and implement improvements in technology or respond effectively to the threat of digital disruption and other technological change such as AI. 🔒

🟡 Modified Our results of operations and investments could be adversely affected by geopolitical or macroeconomic conditions. 🔒

🟡 Modified The costs to comply with, or our failure to comply with, U.S. and foreign laws related to privacy, data security and data protection, such as the EU's General Data Protection Regulation (GDPR) and the California Consumer Privacy Act, as amended by the California Privacy Rights Act, (CCPA), could adversely affect our financial condition, operating results and our reputation. 🔒

🟡 Modified The current U.S. tax regime has provisions which have unintended consequences and may also impact our tax rate in varying degrees based on where our global income is earned. 🔒

4 changes in this historical filing

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