Marsh McLennan’s revenue jumped 8% to $US24.5 billion ($39.06 billion) last year, as operating income rose 10% to $US5.8 billion ($9.25 billion).

President and CEO John Doyle says the October-December period “capped a terrific year” that included record acquisitions.  

“We are well positioned for another strong year in 2025, reflecting our unique capabilities and the enduring value we bring to clients,” he said.

Fourth-quarter revenue rose 9% to $US6.1 billion ($9.72 billion), and net income gained 4% to $US788 million ($1.26 billion).  

At broker Marsh, revenue was up 10% to $US12.54 billion ($20 billion), and at reinsurance arm Guy Carpenter, revenue increased 5% to $US2.36 billion ($3.77 billion).

Mr Doyle says the California wildfires were “just absolutely devastating” but will not hit his company’s bottom line.

“Our exposure as a business is primarily as an adviser to high net worth homeowners, so it’s a limited view ... and not overall that impactful to Marsh McLennan from a financial perspective.”