Marsh McLennan’s 2023 revenue climbs 10%

Risk, insurance and consulting services contributed to the YoY performance.

Marsh McLennan saw its fourth-quarter (Q4) 2023 revenue at $5.6b, an 11% year-on-year increase, with operating income at $1.1b. Full-year revenue was $22.7b, up 10% YoY.

CEO John Doyle highlighted 9% underlying revenue growth, 17% adjusted EPS growth, and 130 basis points of margin expansion for the year.

Noteworthy, the company made substantial investments, both organic and inorganic, positioning well for 2024.

ALSO READ: Marsh completes acquisition of Honan Insurance

Key divisions, risk & insurance services and consulting, contributed to the robust performance.

Marsh's Q4 revenue was $2.9b (7% increase), and Guy Carpenter saw a 48% Q4 revenue increase.

Consulting revenue in Q4 was $2.3b (10% increase). Mercer's Q4 revenue was $1.4b (9% increase), and Oliver Wyman's Q4 revenue was $856m (9% increase).

The company repurchased 1.3 million shares for $250m in Q4 and completed the acquisition of Honan Insurance Group in November.

Follow the link for more news on

Marsh

Also Read

Philippine life insurance sector slated for 5.4% CAGR by 2028

Property insurance industry to exceed $152b by 2028

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit