The Company said consolidated operating income increased $535 million, or 10%, to $5.8 billion in 2024, and diluted earnings per share increased to $8.18 from $7.53, or 9%.

1. 01

   The Company said consolidated operating income increased $535 million, or 10%, to $5.8 billion in 2024, and diluted earnings per share increased to $8.18 from $7.53, or 9%.

2. 02

   The Company said Risk and Insurance Services revenue in 2024 was $15.4 billion, an increase of 9%, or 8% on an underlying basis, and Consulting revenue was $9.1 billion, an increase of 5%, or 6% on an underlying basis.

3. 03

   The Company said it completed the acquisition of McGriff on November 15, 2024 for $7.75 billion in cash consideration, and on November 8 issued $7.25 billion of senior notes, the net proceeds of which were used to fund a portion of the acquisition and for general corporate purposes.

4. 04

   The Company said it generated $4.3 billion of cash from operating activities in both 2024 and 2023, and net cash from financing activities was $4.5 billion inflow in 2024 and $1.1 billion outflow in 2023.

Key figures

Fiscal year ended December 31, 2024

Revenue

$24.5B

Operating income

$5.8B

Net income

$4.1B

EPS

$8.18

Operating cash flow

$4.3B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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.