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Dec 31, 2021

Marsh & McLennan Q4 2021 Earnings Report

Reported strong Q4 and full-year results, driven by revenue growth and margin expansion.

Key Takeaways

Marsh & McLennan reported a strong fourth quarter and full year 2021, with revenue increasing by 16% in Q4 to $5.1 billion and adjusted EPS increasing by 14% to $1.36. The company's performance was driven by underlying revenue growth of 10% and adjusted EPS growth of 24%, both the highest in over two decades.

Consolidated revenue increased by 16% to $5.1 billion, with underlying revenue growth of 10%.

Operating income was $986 million, compared to $571 million in the prior year period.

Adjusted EPS increased by 14% to $1.36, compared to $1.19 for the prior year period.

The Company repurchased 2.6 million shares of stock for $425 million in the fourth quarter.

Total Revenue
$5.14B
Previous year: $4.42B
+16.3%
EPS
$1.36
Previous year: $1.19
+14.3%
Underlying Revenue Growth
10%
Gross Profit
$2.23B
Previous year: $1.77B
+26.4%
Cash and Equivalents
$1.75B
Previous year: $2.09B
-16.1%
Free Cash Flow
$1.3B
Previous year: $1.31B
-0.7%
Total Assets
$34.4B
Previous year: $33B
+4.1%

Marsh & McLennan

Marsh & McLennan

Marsh & McLennan Revenue by Segment

Marsh & McLennan Revenue by Geographic Location

Forward Guidance

The company did not provide specific forward guidance in this release. However, the CEO stated that they enter 2022 well positioned for continued growth.

Revenue & Expenses

Visualization of income flow from segment revenue to net income