Marsh & McLennan has posted a rise in first-quarter net income to $US754 million ($1.18 billion) from $US716 million ($1.12 billion) a year earlier.

President and CEO Dan Glaser says the results represent an “excellent quarter” for the business as it celebrates the first anniversary of its $US5.6 billion ($8.8 billion) acquisition of rival broker JLT.

“Marsh & McLennan had an excellent first quarter,” he said. “We marked the one-year anniversary of our acquisition of JLT and are realising the benefits of the combination.”

The business remains resilient despite the industry-wide fallout from the virus pandemic, Marsh & McLennan says.

Consolidated revenue grew 14% to $US4.7 billion ($7.4 billion) in the three months to March and was 5% higher on an underlying basis.

The risk and insurance services business achieved a 20% rise in overall revenue to $US2.9 billion ($4.5 billion) from a year earlier and operating income increased 17% to $US854 million ($1.34 billion).

Reinsurance broker Guy Carpenter had revenues of $US827 million ($1.29 billion), up from $US663 million ($1.04 billion), and Marsh raised its revenue to $US2.06 billion ($3.22 billion) from $US1.74 billion ($2.72 billion).