Marsh McLennan revenue growth accelerates 15% in one of broker’s ‘finest’ results yet
Global broker Marsh McLennan increased its total revenue by 15% in “one of the finest results” in the company’s history. 2021 proved to be an outstanding year for all of its subsidiaries, including Marsh and reinsurance arm Guy Carpenter, according to chief executive Dan Glaser (pictured), who said the company is “well positioned” for continued growth in 2022.
MMC’s revenues for the year was $19.8 billion, an increase of 15% compared with $17.2 billion seen in 2020. Its net profit rose to $3.1 billion, from $2.0 billion reported in 2020.
In the fourth quarter of last year it posted growth of 16% percent to reach $5.1 billion in revenues. Net profit was $803 million, compared with $374 million in the fourth quarter of 2020.
Its risk & insurance services revenue for the full-year 2021 reached $12.1 billion, an increase of 17% on the prior year. Marsh’s revenue grew by 19%, and Guy Carpenter’s by 10% compared to a year ago.
Glaser, president and CEO of Marsh McLennan, said: “In our 150th year, we produced one of the finest results in our Company's history.
“We generated underlying revenue growth of 10% and adjusted EPS growth of 24%, both the highest in over two decades. We also grew our adjusted operating income by 18% and expanded adjusted margins for the 14th consecutive year. I am proud of our colleagues' hard work, dedication and unwavering focus in achieving these results.
“With this outstanding year, we enter 2022 well positioned for continued growth.”
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