MARSH McLENNAN (MMC) reported Q3 2023 revenue of USD 5.4 billion, an increase of 13% compared with the third quarter of 2022. Operating income was USD 996 million, an increase of 26% from a year ago. Net income attributable to the Company was USD 730 million, or USD 1.47 per diluted share, compared with USD 1.08 in Q3 2022.

For the nine months ended September 30, 2023, consolidated revenue was USD 17.2 billion, an increase of 9%, while operating income was USD 4.2 billion, an increase of 16% from the prior year period.

During Q3 2023, Risk & Insurance Services revenue was USD 3.2 billion in the third quarter of 2023, an increase of 12%, while operating income rose 16% to USD 4.2 billion. Marsh's revenue in the third quarter was USD 2.7 billion (+8%), while Guy Carpenter's revenue was USD 359 million (+8%).

Consulting revenue was USD 2.2 billion in the third quarter of 2023, an increase of 13%, while operating income increased 21% to USD 424 million. Mercer's revenue was USD 1.4 billion (+8%), Wealth revenue of USD 635 million increased by 7% while Career revenue of USD 294 million increased by 7%. Oliver Wyman’s revenue in Q3 was USD 781 million, an increase of 12%.