Marsh McLennan Reports Fourth Quarter and Full-Year 2023 Results

Jan 25, 2024

Full-Year Revenue Growth of 10%; Underlying Revenue Growth of 9%

Full-Year GAAP Operating Income Increases 23%; Adjusted Operating Income Increases 17%

Full-Year GAAP EPS of $7.53; Adjusted EPS Increases 17% to $7.99

Fourth Quarter GAAP EPS of $1.52; Adjusted EPS Increases 14% to $1.68

NEW YORK, January 25, 2024 – 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 fourth quarter and year ended December 31, 2023.

John Doyle, President and CEO, said: "Our fourth quarter results highlight a strong finish to another outstanding year for Marsh McLennan. For the full year, we generated 9% underlying revenue growth, 17% adjusted EPS growth and 130 basis points of margin expansion, marking our 16th consecutive year of reported margin expansion. In addition, we continued to make substantial organic and inorganic investments in our business with significant acquisition activity in 2023."

"Our results and investments have us well positioned for 2024 as we remain focused on supporting our clients and helping them thrive."

Media Contact:
Erick R. Gustafson
Marsh McLennan
+1 202 263 7788

Investor Contact:
Sarah DeWitt
Marsh McLennan
+1 212 345 6750