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 th
e same period last year. Net income attributable to the company was nearly lev
el 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 (compris
ing Marsh and Guy Carpenter) reported revenue of $4.8 billion in the first qu
arter of 2025, an increase of 11%, or 4% on an underlying (organic) basi
Watch More Image Part 2 >>>
s. Operating income was $1.6 billion (level with Q4 2024), while adjusted ope
rating 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 ros
e 4%. International operations produced underlying revenue growth of 6%, in
cluding 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 bo
th 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 contribu
tion from acquisitions. For the quarter, we generated 4% underlying revenue growth,
8% growth in adjusted operating income, and 5% growth in adjusted EPS.”