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Guy Carpenter revenue dips 2% in Q2 2026 as reinsurance market softens

Q2 revenue fell to $664 million, while Marsh’s Risk & Insurance Services segment grew 4% on an underlying basis to $4.8 billion.

Reported · Written up by our desk · Reinsurance

Global reinsurance broker Guy Carpenter, a Marsh business, reported second-quarter 2026 revenue of $664 million, down around 2% on both a GAAP and underlying basis as the market for reinsurance softened, according to Reinsurance News.

For the first half of 2026, Guy Carpenter revenue was flat on an underlying basis at $1.9 billion. Guy Carpenter operates within Marsh’s Risk & Insurance Services segment alongside Marsh Risk, which generated $4.8 billion in revenue in Q2 2026, up 4% or 3% on an underlying basis, the outlet reported.

Marsh said the Risk & Insurance Services segment’s operating income rose 2% to $1.5 billion in Q2 2026, while adjusted operating income increased 3% to $1.7 billion. In H1 2026, the segment’s revenue reached $9.9 billion, up 5% or 3% on an underlying basis.

Across Marsh overall, consolidated revenue in Q2 2026 was $7.4 billion, up 6% year over year on a GAAP basis, or 5% on an underlying basis. The company also reported net income attributable to the firm of $1.3 billion for the quarter and said its Consulting segment revenue rose 10% to $2.6 billion in Q2 2026.

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