Five publicly traded insurance brokers reported strong third quarter revenues, with their executives using adjectives such as “outstanding,” “terrific,” “excellent,” and “strong” to describe their companies’ financial performances.
In a wrap-up of the brokers’ results, listed in descending order by revenue size, Marsh McLennan Cos. comes first, followed by Aon, Arthur J. Gallagher, WTW, and Brown & Brown.
Marsh McLennan reported Q3 consolidated revenue of $5.4 billion, an increase of 13% compared with the third quarter of 2022. On an underlying (non-GAAP) basis, revenue increased 10%.
Operating income was $996 million, an increase of 26% from a year ago. Net income attributable to the company was $730 million, or $1.47 per diluted share, compared with $546 million, or $1.08 per share in the third quarter of 2022