Strong Financial Performance and Growth: Marsh McLennan reported total revenue growth of 8% for 2024, reaching $24.5 billion, with underlying revenue growth of 7%. Adjusted operating income grew 11% to $6.2 billion, marking the 17th consecutive year of margin expansion, and adjusted EPS increased 10% to $8.80. The fourth quarter also showed a solid performance with adjusted EPS at $1.87, up 11% year-over-year.
Acquisitions and Capital Deployment: The company had a record year for mergers and acquisitions, investing $9.4 billion, including the significant acquisition of McGriff for $7.75 billion. Marsh McLennan also returned substantial capital to shareholders through a 15% increase in dividends and $900 million in share repurchases, reflecting a strong commitment to delivering shareholder value.
Outlook for 2025: For 2025, the company expects mid-single-digit underlying revenue growth, continued margin expansion, and solid adjusted EPS growth. This includes anticipated headwinds from fiduciary income and foreign exchange, alongside a difficult revenue growth comparison due to macroeconomic uncertainties.