8-K
filed January 26, 2023, 6:59 PM ET
ticker MRSH
CIK 0000062709
earnings
confidence high
sentiment positive
materiality 0.70
Marsh McLennan reports 9% underlying revenue growth; adjusted EPS up 11% to $6.85 in FY2022
MARSH & MCLENNAN COMPANIES, INC.
2022-FY EPS reported
$6.04
revenue$20,720,000,000
- Q4 revenue $5.0B, underlying +7%; full-year revenue $20.7B, underlying +9%.
- Adjusted EPS $1.47 in Q4 (+8% YoY); full-year adjusted EPS $6.85 (+11% YoY).
- Risk & Insurance Services underlying revenue +8% in Q4; Consulting underlying +6%.
- Repurchased 12.2M shares for $1.9B in FY2022; raised $1B senior notes in Q4.
- Marsh McLennan Agency acquired HMS Insurance Associates; $344M restructuring charges in Q4.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MARSH & MCLENNAN COMPANIES, INC. reported the year ended December 31, 2022 results: revenue $20.7 billion, net income $3.0 billion, EPS $6.04.
- Period
- the year ended December 31, 2022
- Revenue
- $20.7 billion
- Net income
- $3.0 billion
- EPS
- $6.04
- Result
- reported results
Exact text from the filing
For the year 2022, revenue was $20.7 billion, an increase of 5% compared with 2021, or 9% on an underlying basis. Operating income was $4.3 billion, and adjusted operating income rose 11% to $4.8 billion. Net income attributable to the Company was $3.0 billion. Earnings per share decreased 1% to $6.04. Adjusted earnings per share increased 11% to $6.85 compared with $6.17 in 2021.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MARSH & MCLENNAN COMPANIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $5.0 billion, net income $466 million, EPS $0.93 per diluted share.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $5.0 billion
- Net income
- $466 million
- EPS
- $0.93 per diluted share
- Result
- reported results
Exact text from the filing
Consolidated revenue in the fourth quarter of 2022 was $5.0 billion, a decrease of 2% compared with the fourth quarter of 2021, or an increase of 7% on an underlying basis. Operating income was $680 million compared with $986 million in the prior year period. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 13% to $1.0 billion, compared with $905 million in the prior year period. Net income attributable to the Company was $466 million, or $0.93 per diluted share, compared with $1.57 in the fourth quarter of 2021. Adjusted earnings per share was $1.47, compared with $1.36 for the prior year period.
View on SEC.gov
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