MMC reported Q1 revenue worth USD 6.5 billion

23 April 2024 — Andrei VICTOR
MMC - MARSH McLENNAN posted Q1 2024 consolidated revenue worth USD 6.5 billion, representing an increase of 9% compared with the first quarter of 2023, while operating income rose 12% to USD 1.9 billion.

Net income attributable to the Company was USD 1.4 billion while Earnings per share increased 14% to USD 2.82.

Per Divisions, Risk & Insurance Services, Q1 2024 revenue was USD 4.3 billion, up by 9% y-o-y. Operating income increased 12% to USD 1.6 billion, while adjusted operating income increased 11% to USD 1.6 billion.

Marsh's revenue in the first quarter of 2024 was USD 3.0 billion, an increase of 9%, while Guy Carpenter's revenue was USD 1.1 billion.

Consulting revenue was USD 2.2 billion in the first quarter of 2024, an increase of 9% y-o-y, while operating income increased 5% to USD 432 million.

Mercer's revenue in the first quarter was USD 1.4 billion, an increase of 6%, while Health revenue of USD 538 million increased 10%. Wealth revenue of USD 672 million increased by 5%, while Career revenue of USD 215 million increased by 1%. Oliver Wyman’s revenue in the first quarter of 2024 was USD 789 million, up by 13%.

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