What drove MMC's earnings growth in Q4 2024?

Marsh & McLennan Companies Inc. (MMC) experienced a net income growth rate of 4.71% and a revenue growth rate of 9.24% in Q4 2024 compared to the same period in the previous year. The growth in earnings and revenue can be attributed to several factors:

1. **Strategic Acquisitions**: MMC's acquisition strategy has been a key driver of growth. For instance, the company recently acquired McGriff Insurance Services, which has strengthened its market position and expanded its service offerings. Such acquisitions allow MMC to tap into new markets and customer bases, contributing to revenue growth.
2. **Global Presence**: MMC's global reach and international operations have likely played a role in its financial performance. The company's ability to operate in various markets and adapt to local business conditions has likely contributed to its consistent revenue growth.
3. **Segmental Strength**: MMC's Risk and Insurance Services and Consulting segments have been performing well, driving overall revenue growth. The Risk and Insurance Services segment, which contributes significantly to MMC's revenue, has seen new business growth, increased renewal rates, and improved insurance and reinsurance pricing. The Consulting segment has also likely contributed to the growth, as MMC has completed several acquisitions in this segment, enhancing its service offerings.
4. **Effective Cost Management**: MMC's ability to manage costs effectively has likely contributed to its net income growth. Despite revenue growth, the company has maintained profitability by managing expenses efficiently.

In summary, MMC's earnings growth in Q4 2024 is driven by strategic acquisitions, global presence, segmental strength, and effective cost management.

|code|Ticker|Name|Date|Net Income YoY|Total Revenue YoY|Diluted EPS YoY|market_code|
|---|---|---|---|---|---|---|---|
|MMC|MMC.N|Marsh & Mclennan|2024 Q1|13.738019169329075|9.267386900742741|14.170040485829944|169|
|MMC|MMC.N|Marsh & Mclennan|2024 Q2|8.882521489971348|5.871341048332199|9.66183574879228|169|
|MMC|MMC.N|Marsh & Mclennan|2024 Q3|1.8970189701897018|5.852842809364549|2.721088435374152|169|
|MMC|MMC.N|Marsh & Mclennan|2024 Q4|4.705882352941177|9.236586244148363|4.605263157894741|169|