Marsh revenue grows in first quarter
Marsh revenue grows in first quarter
24 April 2023
Marsh McLennan reported $US5.9 billion ($8.81 billion) in consolidated revenue for the three months ending March 31, up 7% on the corresponding period last year.
Net income attributable to the company was $US1.2 billion ($1.79 billion), and adjusted earnings per share rose 10% to $US2.53 ($3.78) per diluted share
“Marsh McLennan is off to a strong start in 2023,” President and CEO John Doyle said.
“We have momentum across our business and are well positioned for another good year, reflecting the importance of the work we do for our clients and excellent execution on the part of our colleagues.
Risk & Insurance Services revenue was $US3.9 billion ($5.83 billion) in the first quarter, an increase of 10%, or 11% on an underlying basis.
International operations produced underlying revenue growth of 10%, reflecting 11% growth in Asia Pacific, 10% growth in EMEA, and 10% growth in Latin America.
Guy Carpenter’s revenue in the first quarter was $US1.1 billion ($1.64 billion), an increase of 10% on an underlying basis.
