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AI English summary of an SEC filing — figures as filed

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The company said full-year 2023 revenue was $22.7 billion, up 10% from 2022 (9% on an underlying basis). Diluted earnings per share rose 25% to $7.53, and adjusted EPS rose 17% to $7.99.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said full-year 2023 revenue was $22.7 billion, up 10% from 2022 (9% on an underlying basis). Diluted earnings per share rose 25% to $7.53, and adjusted EPS rose 17% to $7.99.

  2. The company said revenue for Q4 2023 was $5.6 billion, up 11% from a year earlier (7% on an underlying basis), and adjusted operating income rose 16% to $1.2 billion. Net income attributable to the company for Q4 was $756 million.

  3. The company said Risk & Insurance Services revenue for 2023 was $14.1 billion, up 11%, and Consulting revenue rose 7% to $8.7 billion. Growth rates for both segments were the same on a GAAP and underlying basis.

  4. The company said it repurchased 6.4 million shares of stock for $1.15 billion in 2023. Net cash provided by operations was $4,258 million for the year, and dividends paid were $1,298 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Full-Year Revenue and EPS

The company said full-year 2023 revenue was $22.7 billion, up 10% from 2022 (9% on an underlying basis). Diluted earnings per share rose 25% to $7.53, and adjusted EPS rose 17% to $7.99.

Source · Based on the filing body and exhibits

Revenue and Operating Income for Q4

The company said revenue for Q4 2023 was $5.6 billion, up 11% from a year earlier (7% on an underlying basis), and adjusted operating income rose 16% to $1.2 billion. Net income attributable to the company for Q4 was $756 million.

Source · Based on the filing body and exhibits

Full-Year Revenue by Segment

The company said Risk & Insurance Services revenue for 2023 was $14.1 billion, up 11%, and Consulting revenue rose 7% to $8.7 billion. Growth rates for both segments were the same on a GAAP and underlying basis.

Source · Based on the filing body and exhibits

Share Repurchases and Cash Flow

The company said it repurchased 6.4 million shares of stock for $1.15 billion in 2023. Net cash provided by operations was $4,258 million for the year, and dividends paid were $1,298 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.