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Marsh McLennan has reported a net income attributable to the company of $1.38bn for the first quarter of 2025 (Q1 2025), marking a slight decrease from the $1.4bn recorded in the same quarter of the previous year.
The company's diluted net income per share decreased 1% to $2.79, compared with $2.82 in the first quarter of 2024.
Operating income for the quarter stood at $2bn, up from $1.9bn in the same quarter of the previous year.
Consolidated revenue for the first quarter of 2025 reached $7.1bn, showing a 9% increase compared with the first quarter of 2024.
During the first quarter of 2025, Marsh McLennan repurchased 1.3 million shares of stock for $300m and repaid $500m of senior notes that matured in March.
Marsh, a part of the company, saw its revenue climb to $3.5bn in the first quarter, a 15% increase.
Marsh McLennan's US/Canada operations reported a 4% rise in underlying revenue, while international operations experienced a 6% growth, including an 8% increase in Latin America, 6% in EMEA, and 4% in Asia Pacific.
Guy Carpenter, another insurance division of the company, reported a first-quarter revenue of $1.2bn, which is a 5% increase.
The company's risk and insurance services business reported $4.6bn revenue for the quarter ended 31 March 2025, which is a 12% increase from the previous quarter's $4.1bn.
Within this segment, Marsh contributed $3.4bn, up 15% from the same quarter in the previous year, while Guy Carpenter added $1.2bn, a 5% increase.
Marsh McLennan president and CEO John Doyle said: "We had a solid start to the year with 9% revenue growth reflecting momentum across our business and the contribution from acquisitions. For the quarter, we generated 4% underlying revenue growth, 8% growth in adjusted operating income, and 5% growth in adjusted EPS.
“Marsh McLennan is a resilient business built to deliver across market cycles. Clients value our advice and solutions, particularly in uncertain times."
For the fourth quarter of 2024, Marsh McLennan posted attributable net income of $788m, reflecting a 4.23% increase from $756m in the same quarter of 2023.
"Marsh McLennan reports slight decrease in Q1 earnings to $1.38bn " was originally created and published by Life Insurance International, a GlobalData owned brand.
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