Acquisition ImpactMMC closed on the $7.75b acquisition of McGriff, acquiring $1.3b of revenues, and the deal is expected to be modestly accretive to EPS in the future.
Financial PerformanceExcluding deal-related amortization from EPS estimates has a positive impact, slightly increasing the estimates.
Margin ExpansionIncreased scale from the McGriff acquisition is expected to create broader upside to margins once the deal is integrated.