At the same time, Q1 2023 operating income was USD 1.7 billion, an increase of 19% from the prior year, while the net income attributable to the Company was USD 1.2 billion, or USD 2.47 per diluted share, compared with USD 2.10 in the first quarter of 2022.
Risk & Insurance Services revenue was USD 3.9 billion in the first quarter of 2023 (+10%), while the operating income rose 24% to USD 1.4 billion, an increase of 17% versus a year ago.
Marsh's revenue in the first quarter was USD 2.7 billion, an increase of 9% on an underlying basis, while Guy Carpenter's revenue was USD 1.1 billion, an increase of 10% on an underlying basis.
Consulting revenue was USD 2.0 billion in the first quarter of 2023, an increase of 1%, while the operating income increased 5% to USD 411 million.
Mercer's revenue in the first quarter was USD 1.3 billion (+7%), of which Health totaled USD 545 million, Wealth revenue amounted to USD 581 million, while Career revenue totaled USD 218 million.
Oliver Wyman's revenue in the first quarter was USD 687 million, flat on an underlying basis.
"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", said John Doyle, President and CEO.
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