Marsh McLennan reported consolidated revenue during the first quarter of $7.1 billion, an increase of 9% compared with Q1 2024, or 4% on an underlying (organic) basis.
MMC had organic growth of 9% in Q1 2024.
Q1 operating income was $2.0 billion, compared with $1.9 billion during the same period last year. Net income attributable to the company was nearly level with last year at $1.38 billion, versus $1.4 billion in Q1 2024.
Earnings per share decreased 1% to $2.79, while adjusted EPS increased 5% to $3.06.
Risk and Insurance Services Segment
Marsh McLennan’s Risk and Insurance Services (RIS) segment (comprising Marsh and Guy Carpenter) reported revenue of $4.8 billion in the first quarter of 2025, an increase of 11%, or 4% on an underlying (organic) basis. Operating income was $1.6 billion (level with Q4 2024), while adjusted operating income increased 8% to $1.8 billion.
Marsh’s revenue in the first quarter of 2025 was $3.5 billion, an increase of 15%, or 5% on an underlying basis. In U.S./Canada, underlying revenue rose 4%. International operations produced underlying revenue growth of 6%, including 8% in Latin America, 6% in EMEA, and 4% in Asia Pacific.
Guy Carpenter’s first quarter revenue was $1.2 billion, an increase of 5% on both a GAAP and underlying basis.
John Doyle, President and CEO, said: “We had a solid start to the year with 9% revenue growth reflecting momentum across our business and the contribution from acquisitions. For the quarter, we generated 4% underlying revenue growth, 8% growth in adjusted operating income, and 5% growth in adjusted EPS.”
Source: Marsh McLennan
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