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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
One of the key principles by which we govern our executive compensation program is to support a strong performance culture through short-term and long-term variable compensation. In 2023, performance-based compensation represented 83% or more of each of our named executive officers’ target total direct compensation. As a result of this weighting toward variable, performance-based compensation, the financial performance of the Company, including stock performance, plays an integral role in determining the compensation actually paid to each of our named executive officers each year.
 
  
 
     
 
       
 
       
 
       
 
    
Value of Initial Fixed $100
Investment Based on
       
 
       
 
 
Fiscal
Year
(a)
  
Summary
Compensation
Table Total for
PEO
(1)
(b)
    
Compensation
Actually Paid
to PEO
(2)
(c)
    
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs
(1)
(d)
    
Average
Compensation
Actually Paid
to Non-PEO
NEOs
(2)
(e)
    
Total
Shareholder
Return
(3)
(f)
    
Peer Group
Total
Shareholder
Return
(3)
(g)
     Net Income
(h)
    
Adjusted EPS
Growth as
Further
Adjusted for
Executive
Compensation
Purposes
(4)
(i)
 
 
2023
 
     19,054,956        31,181,865        7,172,630        11,156,213        257        175        3,756.0        18.8
 
2022
 
     30,924,435        23,167,779        8,088,411        8,272,370        221        157        3,050.0        14.6
 
2021
 
     21,519,703        89,772,223        6,997,689        21,130,889        229        175        3,143.0        20.5
 
2020
 
     19,695,980        19,045,490        6,256,705        5,992,046        152        130        2,016.0        7.5
 
(1)
In 2023, John Q. Doyle was our Principal Executive Officer (PEO) and in 2020, 2021 and 2022, Daniel S. Glaser was our Principal Executive Officer. Our other NEOs consisted of (i) for 2020 and 2021: Mark C. McGivney, John Q. Doyle, Peter C. Hearn and Martine Ferland; (ii) for 2022: Mark C. McGivney, John Q. Doyle, Martin C. South and Martine Ferland and (iii) for 2023: Mark C. McGivney, Martin C. South, Martine Ferland and Dean M. Klisura.
 
(2)
Represents the amount of “Compensation Actually Paid” to our NEOs as computed in accordance with Item 402(v) or Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or paid to our NEOs during the applicable year. The following tables show the amounts deducted from and added to the Summary Compensation Table total for the PEO and for the average Summary Compensation Table Total for non-PEO NEOs. The compensation actually paid shown for 2020 and 2022 differs from the numbers reported in our 2023 proxy statement in light of changes to the individuals in our non-PEO group in 2020 and 2022 and a related update in our calculation methodology for the change in fair value of prior year awards.
 
PEO
 
Fiscal
Year
 
PEO Summary
Compensation
Table
(SCT) Total
   
Additions/
(Subtractions)
for Fair
Value of
Equity
Awards
Granted
during
Fiscal Year
Reported
in SCT
(a)
   
Additions/
(Subtractions)
for Change
in Pension
Value
Reported
in SCT
(a)
   
Adjustments
to PEO
Summary
Compensation
Table
Total
(b)
   
PEO
Compensation
Actually Paid
 
2023
    19,054,956       (11,325,102     0       23,452,011       31,181,865  
2022
    30,924,435       (21,613,490     0       13,856,834       23,167,779  
2021
    21,519,703       (12,778,669     0       81,031,189       89,772,223  
2020
    19,695,980       (11,927,984     (394,740     11,672,235       19,045,490  
Average Non-PEO NEOs
 
Fiscal
Year
 
Average
Non-PEO
Summary
Compensation
Table
(SCT) Total
   
Additions/
(Subtractions)
for Fair
Value of
Equity
Awards
Granted
during
Fiscal Year
Reported
in SCT
(a)
   
Additions/
(Subtractions)
for Change in
Pension
Value
Reported
in SCT
(a)
   
Adjustments
to Average
Non-PEO
Summary
Compensation
Table
Total
(b)
   
Average
Non-PEO
Compensation
Actually Paid
 
2023
    7,172,630       (2,652,800     (29,056     6,665,439       11,156,213  
2022
    8,088,411       (3,308,939     0       3,492,898       8,272,370  
2021
    6,997,689       (2,709,151     (641     16,842,992       21,130,889  
2020
    6,256,705       (2,541,224     (53,245     2,329,810       5,992,046  
 
(a)
Includes the grant date fair value of stock awards and option awards, computed in accordance with FASB ASC Topic 718, as well as the aggregate change in the actuarial present value of the NEOs accumulated benefit under the Company’s defined benefit pension plans.
 
(b)
Includes the value of equity awards, calculated in accordance with Item 402(v) of Regulation S-K. The equity component of CAP is further detailed in the tables below for the Company’s PEO and average non-PEO NEOs, for fiscal year 2023. We did not report a service cost for the Company’s pension plans.
 
PEO
 
Fiscal
Year
 
Year-End Fair
Value of
Equity Awards
Granted
During the
Fiscal Year
that are
Outstanding
and Unvested
   
Change in Fair
Value of Prior
Year Awards
that are
Outstanding
and Unvested
   
Change in Fair
Value (from
Prior Year-
End) of Prior
Year Awards
that Vested
During the
Fiscal Year
   
Dividends
Paid on Stock
or Stock
Option Awards
Not Otherwise
Reflected in
Fair Value of
Total
Compensation
    Total
Adjustments
 
2023
    20,058,065       (5,651,484     8,877,840       167,590       23,452,011  
2022
    23,997,969       (38,016,232     27,462,921       412,176       13,856,834  
2021
    38,469,858       25,484,101       16,789,718       287,512       81,031,189  
2020
    10,984,767       (22,729,414     23,035,108       381,775       11,672,235  
Average Non-PEO NEOs
 
Fiscal
Year
 
Year-End Fair

Value of
Equity Awards
Granted
During the
Fiscal Year
that are
Outstanding
and Unvested
    Change in Fair
Value of Prior
Year Awards
that are
Outstanding
and Unvested
    Change in Fair
Value (from
Prior Year-
End) of Prior
Year Awards
that Vested
During the
Fiscal Year
   
Dividends Paid
on Stock
or Stock
Option Awards
Not Otherwise
Reflected in
Fair Value of
Total
Compensation
    Total
Adjustments
 
2023
    4,698,499       (2,541,694     4,425,065       83,569       6,665,439  
2022
    5,307,162       (7,105,187     5,198,788       92,134       3,492,898  
2021
    8,155,842       5,887,063       2,751,608       48,479       16,842,992  
2020
    2,340,307       (3,769,347     3,681,854       76,996       2,329,810  
 
(3)
Reflects cumulative total stockholder return assuming $100 invested in the Company’s common stock versus the S&P 500
®
Financial index on December 31, 2019 with dividends reinvested. The peer group used for this purpose is the S&P 500
®
Financial index.
 
(4)
Adjusted EPS as further adjusted for executive compensation purposes is a non-GAAP measure. For the definition, please refer to the “Definitions of Financial Performance Measures” section on page 49 of the Compensation Discussion and Analysis.
     
Company Selected Measure Name Adjusted EPS      
Named Executive Officers, Footnote NEOs consisted of (i) for 2020 and 2021: Mark C. McGivney, John Q. Doyle, Peter C. Hearn and Martine Ferland; (ii) for 2022: Mark C. McGivney, John Q. Doyle, Martin C. South and Martine Ferland and (iii) for 2023: Mark C. McGivney, Martin C. South, Martine Ferland and Dean M. Klisura.      
Peer Group Issuers, Footnote Reflects cumulative total stockholder return assuming $100 invested in the Company’s common stock versus the S&P 500
®
Financial index on December 31, 2019 with dividends reinvested. The peer group used for this purpose is the S&P 500
®
Financial index.
     
Adjustment To PEO Compensation, Footnote
(2)
Represents the amount of “Compensation Actually Paid” to our NEOs as computed in accordance with Item 402(v) or Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or paid to our NEOs during the applicable year. The following tables show the amounts deducted from and added to the Summary Compensation Table total for the PEO and for the average Summary Compensation Table Total for non-PEO NEOs. The compensation actually paid shown for 2020 and 2022 differs from the numbers reported in our 2023 proxy statement in light of changes to the individuals in our non-PEO group in 2020 and 2022 and a related update in our calculation methodology for the change in fair value of prior year awards.
PEO
 
Fiscal
Year
 
PEO Summary
Compensation
Table
(SCT) Total
   
Additions/
(Subtractions)
for Fair
Value of
Equity
Awards
Granted
during
Fiscal Year
Reported
in SCT
(a)
   
Additions/
(Subtractions)
for Change
in Pension
Value
Reported
in SCT
(a)
   
Adjustments
to PEO
Summary
Compensation
Table
Total
(b)
   
PEO
Compensation
Actually Paid
 
2023
    19,054,956       (11,325,102     0       23,452,011       31,181,865  
2022
    30,924,435       (21,613,490     0       13,856,834       23,167,779  
2021
    21,519,703       (12,778,669     0       81,031,189       89,772,223  
2020
    19,695,980       (11,927,984     (394,740     11,672,235       19,045,490  
(a)
Includes the grant date fair value of stock awards and option awards, computed in accordance with FASB ASC Topic 718, as well as the aggregate change in the actuarial present value of the NEOs accumulated benefit under the Company’s defined benefit pension plans.
 
(b)
Includes the value of equity awards, calculated in accordance with Item 402(v) of Regulation S-K. The equity component of CAP is further detailed in the tables below for the Company’s PEO and average non-PEO NEOs, for fiscal year 2023. We did not report a service cost for the Company’s pension plans.
PEO
 
Fiscal
Year
 
Year-End Fair
Value of
Equity Awards
Granted
During the
Fiscal Year
that are
Outstanding
and Unvested
   
Change in Fair
Value of Prior
Year Awards
that are
Outstanding
and Unvested
   
Change in Fair
Value (from
Prior Year-
End) of Prior
Year Awards
that Vested
During the
Fiscal Year
   
Dividends
Paid on Stock
or Stock
Option Awards
Not Otherwise
Reflected in
Fair Value of
Total
Compensation
    Total
Adjustments
 
2023
    20,058,065       (5,651,484     8,877,840       167,590       23,452,011  
2022
    23,997,969       (38,016,232     27,462,921       412,176       13,856,834  
2021
    38,469,858       25,484,101       16,789,718       287,512       81,031,189  
2020
    10,984,767       (22,729,414     23,035,108       381,775       11,672,235  
     
Non-PEO NEO Average Total Compensation Amount $ 7,172,630 $ 8,088,411 $ 6,997,689 $ 6,256,705
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,156,213 8,272,370 21,130,889 5,992,046
Adjustment to Non-PEO NEO Compensation Footnote
(2)
Represents the amount of “Compensation Actually Paid” to our NEOs as computed in accordance with Item 402(v) or Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or paid to our NEOs during the applicable year. The following tables show the amounts deducted from and added to the Summary Compensation Table total for the PEO and for the average Summary Compensation Table Total for non-PEO NEOs. The compensation actually paid shown for 2020 and 2022 differs from the numbers reported in our 2023 proxy statement in light of changes to the individuals in our non-PEO group in 2020 and 2022 and a related update in our calculation methodology for the change in fair value of prior year awards.
Average Non-PEO NEOs
 
Fiscal
Year
 
Average
Non-PEO
Summary
Compensation
Table
(SCT) Total
   
Additions/
(Subtractions)
for Fair
Value of
Equity
Awards
Granted
during
Fiscal Year
Reported
in SCT
(a)
   
Additions/
(Subtractions)
for Change in
Pension
Value
Reported
in SCT
(a)
   
Adjustments
to Average
Non-PEO
Summary
Compensation
Table
Total
(b)
   
Average
Non-PEO
Compensation
Actually Paid
 
2023
    7,172,630       (2,652,800     (29,056     6,665,439       11,156,213  
2022
    8,088,411       (3,308,939     0       3,492,898       8,272,370  
2021
    6,997,689       (2,709,151     (641     16,842,992       21,130,889  
2020
    6,256,705       (2,541,224     (53,245     2,329,810       5,992,046  
(a)
Includes the grant date fair value of stock awards and option awards, computed in accordance with FASB ASC Topic 718, as well as the aggregate change in the actuarial present value of the NEOs accumulated benefit under the Company’s defined benefit pension plans.
 
(b)
Includes the value of equity awards, calculated in accordance with Item 402(v) of Regulation S-K. The equity component of CAP is further detailed in the tables below for the Company’s PEO and average non-PEO NEOs, for fiscal year 2023. We did not report a service cost for the Company’s pension plans.
Average Non-PEO NEOs
 
Fiscal
Year
 
Year-End Fair

Value of
Equity Awards
Granted
During the
Fiscal Year
that are
Outstanding
and Unvested
    Change in Fair
Value of Prior
Year Awards
that are
Outstanding
and Unvested
    Change in Fair
Value (from
Prior Year-
End) of Prior
Year Awards
that Vested
During the
Fiscal Year
   
Dividends Paid
on Stock
or Stock
Option Awards
Not Otherwise
Reflected in
Fair Value of
Total
Compensation
    Total
Adjustments
 
2023
    4,698,499       (2,541,694     4,425,065       83,569       6,665,439  
2022
    5,307,162       (7,105,187     5,198,788       92,134       3,492,898  
2021
    8,155,842       5,887,063       2,751,608       48,479       16,842,992  
2020
    2,340,307       (3,769,347     3,681,854       76,996       2,329,810  
     
Compensation Actually Paid vs. Total Shareholder Return LOGO      
Compensation Actually Paid vs. Net Income LOGO      
Compensation Actually Paid vs. Company Selected Measure LOGO      
Total Shareholder Return Vs Peer Group LOGO      
Tabular List, Table
 
Most Important Performance Measures
(3 to 7 metrics without ranking)
TSR
Adjusted EPS as further adjusted for executive compensation purposes
Operating NOI growth
     
Total Shareholder Return Amount $ 257 221 229 152
Peer Group Total Shareholder Return Amount 175 157 175 130
Net Income (Loss) $ 3,756,000,000 $ 3,050,000,000 $ 3,143,000,000 $ 2,016,000,000
Company Selected Measure Amount 0.188 0.146 0.205 0.075
Measure:: 1        
Pay vs Performance Disclosure        
Name TSR      
Measure:: 2        
Pay vs Performance Disclosure        
Name Adjusted EPS as further adjusted for executive compensation purposes      
Non-GAAP Measure Description Adjusted EPS as further adjusted for executive compensation purposes is a non-GAAP measure. For the definition, please refer to the “Definitions of Financial Performance Measures” section on page 49 of the Compensation Discussion and Analysis.      
Measure:: 3        
Pay vs Performance Disclosure        
Name Operating NOI growth      
John Q. Doyle [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount $ 19,054,956      
PEO Actually Paid Compensation Amount $ 31,181,865      
PEO Name John Q. Doyle      
Daniel S. Glaser [Member]        
Pay vs Performance Disclosure        
PEO Total Compensation Amount   $ 30,924,435 $ 21,519,703 $ 19,695,980
PEO Actually Paid Compensation Amount   $ 23,167,779 $ 89,772,223 $ 19,045,490
PEO Name   Daniel S. Glaser Daniel S. Glaser Daniel S. Glaser
PEO | John Q. Doyle [Member] | Fair Value of Equity Awards Granted During Fiscal Year Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (11,325,102)      
PEO | John Q. Doyle [Member] | Change in Pension Value Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
PEO | John Q. Doyle [Member] | Adjustments to Peo Sct Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,452,011      
PEO | John Q. Doyle [Member] | Year End Fair Value of Equity Awards Granted During the Fiscal Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 20,058,065      
PEO | John Q. Doyle [Member] | Change in Fair Value of Prior Year Awards that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (5,651,484)      
PEO | John Q. Doyle [Member] | Change in Fair Value (from Prior YearEnd) of Prior Year Awards that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 8,877,840      
PEO | John Q. Doyle [Member] | Dividends Paid on Stock or Stock Option Awards Not Otherwise Reflected in Fair Value of Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 167,590      
PEO | John Q. Doyle [Member] | Total Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 23,452,011      
PEO | Daniel S. Glaser [Member] | Fair Value of Equity Awards Granted During Fiscal Year Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   $ (21,613,490) $ (12,778,669) $ (11,927,984)
PEO | Daniel S. Glaser [Member] | Change in Pension Value Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   0 0 (394,740)
PEO | Daniel S. Glaser [Member] | Adjustments to Peo Sct Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   13,856,834 81,031,189 11,672,235
PEO | Daniel S. Glaser [Member] | Year End Fair Value of Equity Awards Granted During the Fiscal Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   23,997,969 38,469,858 10,984,767
PEO | Daniel S. Glaser [Member] | Change in Fair Value of Prior Year Awards that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   (38,016,232) 25,484,101 (22,729,414)
PEO | Daniel S. Glaser [Member] | Change in Fair Value (from Prior YearEnd) of Prior Year Awards that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   27,462,921 16,789,718 23,035,108
PEO | Daniel S. Glaser [Member] | Dividends Paid on Stock or Stock Option Awards Not Otherwise Reflected in Fair Value of Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   412,176 287,512 381,775
PEO | Daniel S. Glaser [Member] | Total Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount   13,856,834 81,031,189 11,672,235
Non-PEO NEO | Fair Value of Equity Awards Granted During Fiscal Year Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,652,800) (3,308,939) (2,709,151) (2,541,224)
Non-PEO NEO | Change in Pension Value Reported in SCT [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (29,056) 0 (641) (53,245)
Non-PEO NEO | Adjustments to Peo Sct Total [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 6,665,439 3,492,898 16,842,992 2,329,810
Non-PEO NEO | Year End Fair Value of Equity Awards Granted During the Fiscal Year that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,698,499 5,307,162 8,155,842 2,340,307
Non-PEO NEO | Change in Fair Value of Prior Year Awards that are Outstanding and Unvested [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (2,541,694) (7,105,187) 5,887,063 (3,769,347)
Non-PEO NEO | Change in Fair Value (from Prior YearEnd) of Prior Year Awards that Vested During the Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 4,425,065 5,198,788 2,751,608 3,681,854
Non-PEO NEO | Dividends Paid on Stock or Stock Option Awards Not Otherwise Reflected in Fair Value of Total Compensation [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 83,569 92,134 48,479 76,996
Non-PEO NEO | Total Adjustments [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 6,665,439 $ 3,492,898 $ 16,842,992 $ 2,329,810