Marsh McLennan posted organic growth of 9% in the first quarter as adjusted earnings per share grew 14% to $2.89.
The 9% Q1 figure represented a 2-point acceleration on the 7% reported in Q4 2023 and was flat year on year.
President and CEO John Doyle hailed the result as a “terrific start to the year”.
Organic growth: Marsh McLennan posted organic growth of 9%, with underlying expansion of 9% in risk and insurance and 9% in consulting.
Marsh grew organically by 8%, down from 9% in the prior-year period.
Guy Carpenter’s organic growth was 8%, down from 10% in Q1 2023.
In consulting, Mercer grew organically by 6%, while Oliver Wyman posted 13% organic growth.
Revenues: Total revenues increased by 9% to $6.47bn.
Marsh’s revenue came in at $3bn and Guy Carpenter’s at $1.1bn.
Margins: The adjusted operating margin expanded by 0.8 points to 32%.
In risk and insurance, the adjusted operating margin expanded by 0.5 points to 39.1%.
For consulting, the margin came in at 20.7%, up from 20.3% in the prior-year quarter.
Doyle said: "We had a terrific start to the year, reflecting continued momentum across our business.”
He added: "I am proud of our colleagues' dedication as they focus on helping our clients thrive in a complex and dynamic environment."
Note: The table in this story has been updated.