Marsh McLennan's Q1 earnings slightly decreased to $1.38bn, but overall revenue and income increased.

From Yahoo Finance: 2025-04-21 06:45:00

Marsh McLennan reported a net income of $1.38bn for Q1 2025, a slight decrease from the previous year. Diluted net income per share decreased to $2.79, and operating income rose to $2bn. Consolidated revenue for Q1 2025 reached $7.1bn, showing a 9% increase.

During the quarter, Marsh McLennan repurchased 1.3 million shares for $300m and repaid $500m of senior notes. Marsh’s revenue climbed to $3.5bn, a 15% increase. US/Canada operations saw a 4% rise in revenue, while international operations grew by 6%.

Guy Carpenter, an insurance division, reported a first-quarter revenue of $1.2bn, a 5% increase. The risk and insurance services business reported $4.6bn in revenue, a 12% increase from the previous quarter. Marsh contributed $3.4bn, up 15%, and Guy Carpenter added $1.2bn, a 5% increase.

President and CEO John Doyle stated, “We had a solid start to the year with 9% revenue growth reflecting momentum across our business and acquisitions.” Marsh McLennan posted a 4.23% increase in attributable net income for Q4 2024. The company remains resilient and client-focused.

Read more: Marsh McLennan reports slight decrease in Q1 earnings to $1.38bn