Marsh & Mclennan ( (MMC) ) has released its Q4 earnings. Here is a breakdown of the information Marsh & Mclennan presented to its investors.
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Marsh & McLennan, a prominent global professional services firm, specializes in risk, strategy, and people consulting, serving clients in over 130 countries through its four main businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman.
Marsh & McLennan reported robust financial results for the fourth quarter and full year of 2024, showcasing notable revenue growth and earnings per share improvements. The company achieved an 8% increase in full-year revenue, with a significant rise in both GAAP and adjusted operating incomes.
The company’s financial performance was highlighted by a 10% growth in GAAP operating income and an 11% rise in adjusted operating income for the full year. Earnings per share (EPS) saw a substantial boost, with a 10% increase, reaching $8.80 for the year. Noteworthy achievements include the largest year of acquisitions in the company’s history, contributing to its strong financial performance.
In the Risk & Insurance Services sector, revenue increased by 9% for the year, driven by strong performances in North America and international operations. The Consulting sector also experienced growth, with a 5% increase in annual revenue. The acquisition of McGriff Insurance Services further bolstered the company’s strategic positioning in the insurance broking and risk management market.
Looking ahead, Marsh & McLennan’s management is optimistic about continued strong performance in 2025, leveraging its unique capabilities and the enduring value it provides to clients globally. The company remains focused on delivering strategic objectives and expanding its market influence through acquisitions and innovative service offerings.
