---
schema_version: "secwatch.filing_event.v1"
accession: "0000062709-23-000006"
form_type: "8-K"
ticker: "MRSH"
cik: "0000062709"
company_name: "MARSH & MCLENNAN COMPANIES, INC."
filed_at: "2023-01-26T23:59:59+00:00"
generated_at: "2026-06-20T08:38:06.633401+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marsh McLennan reports 9% underlying revenue growth; adjusted EPS up 11% to $6.85 in FY2022

## Summary
- 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.

## SEC filing metadata
- accession: 0000062709-23-000006
- form_type: 8-K
- ticker: MRSH
- cik: 0000062709
- company_name: MARSH & MCLENNAN COMPANIES, INC.
- filed_at: 2023-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/62709/000006270923000006/0000062709-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/62709/000006270923000006/mmc-20230126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000062709-23-000006
- JSON: https://secwatch.observer/filing/0000062709-23-000006.json
- Plain text: https://secwatch.observer/filing/0000062709-23-000006.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/62709/000006270923000006/0000062709-23-000006-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/62709/000006270923000006/0000062709-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.