Marsh McLennan Reports First Quarter 2023 Results

GAAP Revenue Increases 7%; Underlying Revenue Rises 9%

Growth in GAAP Operating Income of 19% and Adjusted Operating Income of 13%

First Quarter GAAP EPS Rises 18% to $2.47 and Adjusted EPS Increases 10% to $2.53

NEW YORK, April 20, 2023 – Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2023.

Commenting on the results, John Doyle, President and CEO, said: "Marsh McLennan is off to a strong start in 2023. For the first quarter, we generated 9% underlying revenue growth, grew adjusted EPS by 10%, and expanded our margin."

"We have momentum across our business and are well positioned for another good year, reflecting the importance of the work we do for our clients and excellent execution on the part of our colleagues."