Marsh Q1 profit drops over litigation charge

Marsh has posted first-quarter 2026 (Q1 2026) net income attributable to the company of $1.1bn, a 17% decrease from $1.3bn in the same period last year.

Earnings per share (EPS) came in at $2.36 in the quarter under review.

The insurer’s operating income declined by 12% year-on-year to $1.8bn, largely driven by a $425m charge tied to the Greensill litigation.

However, adjusted operating income, excluding noteworthy items and identified intangible amortisation expense, increased by 8% to $2.4bn.

Group revenue for the quarter totalled $7.6bn, up 8% from Q1 2025.

Revenue at Risk & Insurance Services reached $5.1bn, up 6% year on year.

Marsh Risk recorded $3.7bn in revenue, an 8% increase.

International underlying revenue growth was 5%, made up of 6% growth in Europe, the Middle East and Africa, 5% in Asia-Pacific and 2% in Latin America.

Guy Carpenter reported Q1 revenue of $1.2bn, up 3%.

Consulting revenue rose by 11% to $2.6bn, while Mercer posted $1.7bn in revenue, also up 11%.

On an underlying basis, Wealth revenue increased by 5%, Health rose by 6%, while Career fell by 2%.

Marsh Management Consulting reported Q1 revenue of $897m, up 10%.

During the quarter, the company bought back around 4.2 million shares for $750m. It also issued $600m in senior notes and repaid $600m in senior notes at maturity.

Marsh president and CEO John Doyle said: “We had a solid start to the year, and I am pleased with our execution in a dynamic and challenging environment. For the quarter, we generated 8% overall revenue growth, 4% underlying revenue growth, 8% adjusted operating income growth and 8% adjusted EPS growth.

“Our results reflect Marsh’s market leadership, our clients’ trust in our team’s expertise, and the strength of our data and insights.”

Last month, Marsh Risk, part of Marsh, and Apollo, a Skyward Group company, launched an insurance facility for Uber Technologies to support autonomous vehicle rollouts.