MARSH McLENNAN reported for the full year 2023, revenue worth USD 22.7 billion, an increase of 10% compared with 2022. Operating income was USD 5.3 billion, and adjusted operating income rose 17% to USD 5.6 billion. Net income attributable to the Company was USD 3.8 billion, while Earnings per share increased 25% to USD 7.53. Adjusted earnings per share increased 17% to USD 7.99.

Risk & Insurance Services generated FY2023 revenue worth USD 14.1 billion, an increase of 11%, while operating income was USD 3.9 billion. Adjusted operating income rose 17% to $4.1 billion.

At the same time, FY2023 Consulting revenue was USD 8.7 billion, an increase of 7%, while Operating income was USD 1.7 billion. Adjusted operating income increased 13% to USD 1.7 billion.

John Doyle, President and CEO, said: "For the full year, we generated 9% underlying revenue growth, 17% adjusted EPS growth and 130 basis points of margin expansion, marking our 16th consecutive year of reported margin expansion. In addition, we continued to make substantial organic and inorganic investments in our business with significant acquisition activity in 2023."