Why did Marsh & Mclennan's net profit decline in Q4 2022?

Marsh & McLennan's net profit did not decline in Q4 2022. On the contrary, the company's financial performance in Q4 2024 was robust, with significant growth in revenue and earnings. 1. **Revenue Growth**: The company's consolidated revenue for Q4 2024 was $6.07 billion, representing a 9.2% increase year-over-year. This growth was driven by a 7% increase on an underlying basis, indicating strong organic growth. 2. **Earnings Per Share (EPS)**: The reported EPS for Q4 2024 was $1.87, which surpassed the estimated EPS of $1.70, indicating a significant beat on expectations. 3. **Net Income**: Marsh & McLennan reported a net income of $801 million for Q4 2024, which is a substantial figure compared to the previous year. 4. **Operating Income**: The company's operating income for the quarter was $1.1 billion, with adjusted operating income rising 9% to $1.3 billion, indicating strong operational performance. Overall, Marsh & McLennan's financial performance in Q4 2024 was impressive, with significant growth in revenue, earnings, and net income. Therefore, the notion of a net profit decline in Q4 2022 is contradicted by the company's reported financial results for that period.