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Marsh Mclennan Companies, Inc. (MMC) SEC Filing 10-Q Quarterly Report for the period ending Thursday, March 31, 2022

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Marsh Mclennan Companies, Inc.

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CIK: 62709 Ticker: MMC

marshmclennanlogo.jpg
Marsh McLennan
1166 Avenue of the Americas
New York, New York 10036-2774
212 345 5000
www.marshmclennan.com

NEWS RELEASE
Exhibit 99.1

MARSH McLENNAN REPORTS FIRST QUARTER 2022 RESULTS
GAAP Revenue Increases 9%; Underlying Revenue Rises 10%
First Quarter GAAP EPS Rises 10% to $2.10 and Adjusted EPS Increases 16% to $2.30
Growth in GAAP Operating Income of 6% and Adjusted Operating Income of 12%

NEW YORK, April 21, 2022 – Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2022.
Dan Glaser, President and CEO, said: "Marsh McLennan started 2022 with an excellent first quarter. We generated underlying revenue growth of 10%, adjusted operating income growth of 12%, and adjusted EPS growth of 16%. We are well-positioned for another solid year."
"The current war in Ukraine has reminded us that risk and uncertainty are constants, and I am proud of the work our colleagues are doing to help one another and our clients navigate the widespread challenges created by this horrific situation."
Consolidated Results
Consolidated revenue in the first quarter of 2022 was $5.5 billion, an increase of 9% compared with the first quarter of 2021. On an underlying basis, revenue increased 10%. Operating income was $1.4 billion, an increase of 6% from the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 12% to $1.6 billion.
Net income attributable to the Company was $1.1 billion, or $2.10 per diluted share, compared with $1.91 in the first quarter of 2021. Adjusted earnings per share rose 16% to $2.30 per diluted share compared with $1.99 a year ago.
1
The following information was filed by Marsh Mclennan Companies, Inc. (MMC) on Thursday, April 21, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Marsh Mclennan Companies, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Unaudited)
Consolidated Statements Of Equity (Unaudited)
Consolidated Statements Of Income (Unaudited)
Acquisitions And Dispositions
Acquisitions And Dispositions (Acquired Finite-Lived Intangible Assets) (Details)
Acquisitions And Dispositions (Allocation Of Acquisition Costs) (Details)
Acquisitions And Dispositions (Narrative) (Details)
Acquisitions And Dispositions (Pro-Forma Information) (Details)
Acquisitions And Dispositions (Tables)
Claims, Lawsuits And Other Contingencies
Claims, Lawsuits And Other Contingencies (Details)
Common Stock
Common Stock (Details)
Debt
Debt (Estimated Fair Value Of Significant Financial Instruments) (Details)
Debt (Narrative) (Details)
Debt (Schedule Of Outstanding Debt) (Details)
Debt (Tables)
Derivatives
Derivatives (Narrative) (Details)
Fair Value Measurements
Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Fair Value Measurements (Changes In Fair Value Of Level 3 Liabilities Representing Acquisition Related Contingent Consideration) (Details)
Fair Value Measurements (Narrative) (Details)
Fair Value Measurements (Tables)
Fiduciary Assets And Liabilities
Fiduciary Assets And Liabilities (Details)
Goodwill And Other Intangibles
Goodwill And Other Intangibles (Amortized Intangible Assets) (Details)
Goodwill And Other Intangibles (Changes In The Carrying Amount Of Goodwill) (Details)
Goodwill And Other Intangibles (Estimated Future Aggregate Amortization Expense) (Details)
Goodwill And Other Intangibles (Narrative) (Details)
Goodwill And Other Intangibles (Tables)
Leases
Leases (Future Minimum Payments For Operating Leases) (Details)
Leases (Lease Cost And Additional Information) (Details)
Leases (Narrative) (Details)
Leases (Tables)
Nature Of Operations
Nature Of Operations (Details)
New Accounting Guidance
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss) (Schedule Of Components Of Accumulated Other Comprehensive Income) (Details)
Other Comprehensive Income (Loss) (Schedule Of Components Of Comprehensive Income (Loss)) (Details)
Other Comprehensive Income (Loss) (Tables)
Per Share Data
Per Share Data (Basic And Diluted Eps Calculation Continuing Operations) (Details)
Per Share Data (Tables)
Principles Of Consolidation And Other Matters
Principles Of Consolidation And Other Matters (Details)
Principles Of Consolidation And Other Matters (Policies)
Restructuring Costs
Restructuring Costs (Narrative) (Details)
Restructuring Costs (Restructuring Activities) (Details)
Restructuring Costs (Tables)
Retirement Benefits
Retirement Benefits (Narrative) (Details)
Retirement Benefits (Schedule Of Defined Benefit Plan Net Periodic Benefit Cost Amounts Recorded In Consolidated Statement Of Income) (Details)
Retirement Benefits (Schedule Of Defined Benefit Plan Net Periodic Benefit Cost Combined U.S. And Significant Non-U.S. Plans) (Details)
Retirement Benefits (Schedule Of Defined Benefit Plan Weighted Average Assumption Used In Calculating Net Periodic Benefit Cost) (Details)
Retirement Benefits (Tables)
Revenue
Revenue (Tables)
Revenue - Contract Assets And Contract Liabilities (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Estimated Revenue Expected To Be Recognized Related To Performance Obligations (Details)
Revenue - Narrative (Details)
Segment Information
Segment Information (Details Of Operating Segment Revenue) (Details)
Segment Information (Selected Information And Details For Mmc's Operating Segments) (Details)
Segment Information (Tables)
Supplemental Disclosures (Supplemental Operating And Financing Cash Flow Items) (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Additional Information Concerning Acquisitions, Interest And Income Taxes Paid) (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Narrative) (Details)
Supplemental Disclosures To The Consolidated Statements Of Cash Flows (Tables)
Ticker: MMC
CIK: 62709
Form Type: 10-Q Quarterly Report
Accession Number: 0000062709-22-000025
Submitted to the SEC: Thu Apr 21 2022 4:19:08 PM EST
Accepted by the SEC: Thu Apr 21 2022
Period: Thursday, March 31, 2022
Industry: Insurance Agents Brokers And Service

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