The company said consolidated revenue for Q1 2024 was $6.5 billion, up 9% from a year earlier, operating income rose 12% to $1.9 billion, and earnings per share increased 14% to $2.82.

1. 01

   The company said consolidated revenue for Q1 2024 was $6.5 billion, up 9% from a year earlier, operating income rose 12% to $1.9 billion, and earnings per share increased 14% to $2.82.

2. 02

   Marsh McLennan said adjusted operating income, which excludes noteworthy items, rose 11% to $2.0 billion, and adjusted EPS increased 14% to $2.89. Adjusted operating income of $1,974 million reflects operating income adjustments of $49 million, including restructuring of $42 million.

3. 03

   The Company said Risk & Insurance Services revenue for Q1 2024 was $4.3 billion and Consulting revenue was $2.2 billion, each up 9% on both a GAAP and underlying basis. It said Marsh's revenue was $3.0 billion and Mercer's was $1.4 billion.

4. 04

   Marsh McLennan said it repurchased 1.5 million shares of stock for $300 million in Q1 2024, issued $1 billion of senior notes and repaid $1 billion of senior notes that matured. In February, Oliver Wyman completed its acquisition of SeaTec Consulting.

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.

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

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