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Marsh Q1 Risk & Insurance revenue up 8% Guy Carpenter up 7%

2021-04-28T07:53:00+01:00
Dan Glaser, President and CEO, said: “Marsh McLennan had an outstanding first quarter. We delivered strong growth in underlying revenue and adjusted earnings, and generated meaningful adjusted operating margin expansion in both Risk & Insurance Services and Consulting. Our total revenue grew 9%, with underlying revenue growth of 6%. Adjusted operating income rose 20%, adjusted EPS grew 21%, and our adjusted operating margin increased 260 basis points to 29.6%.
“Our excellent start to 2021 positions us well for the balance of the year.”
Consolidated Results
Consolidated revenue in the first quarter of 2021 was $5.1 billion, an increase of 9%, or 6% on an underlying basis, compared with the first quarter of 2020. Operating income was $1.4 billion compared with $1.1 billion in the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 20% to $1.4 billion. ....

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Investegate |Marsh & McLennan Announcements | Marsh & McLennan: Marsh McLennan Reports First Quarter 2021 Results

First Quarter Revenue Growth of 9% Including Underlying Revenue Growth of 6%
First Quarter GAAP EPS of $1.91; Adjusted EPS Increases 21% to $1.99
GAAP Operating Income Rises 27%; Adjusted Operating Income Increases 20%
Marsh McLennan Reports First Quarter 2021 Results
Marsh & McLennan

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, 2021.
Dan Glaser, President and CEO, said: “Marsh McLennan had an outstanding first quarter. We delivered strong growth in underlying revenue and adjusted earnings, and generated meaningful adjusted operating margin expansion in both Risk & Insurance Services and Consulting. Our total revenue grew 9%, with underlying revenue growth of 6%. Adjusted operating income rose 20%, adjusted EPS grew 21%, and our adjusted operating margin increased 260 basis points to 29.6%. ....

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