morning, Carl. all us for of today. Good Thanks you joining to Thanks, everyone.
Our including clients host a challenges of continue to rising commercial face rates. insurance economic
our liability. lines an nearly as commercial followed However, below price X%. increases showed all indicate pricing price with came to property. directors compensation exception to pricing in increase continue increases quarter The appear auto, just officers' insurance largest aggregate commercial be and by the of increases and XXXX fourth survey lines of workers' for Data moderating commercial
focus capabilities, best environment. current to can to continue informed how risk specialized more clients our We about decisions their in and broking the they manage with our risk make helping on knowledge so in
the we on first start an across a up As basis solid revenue Carl businesses. portfolio X% year growth quarter mentioned, with had to strong organic of and our
a expense our reflecting XXX year, the and along point basis growth adjusted Our margin transformation with over benefits was improvement operating our XX.X%, discipline prior of program.
X% $X.XX, increase share over the net year. diluted of was a earnings adjusted prior The result per
with regarding the all commentary prior provide our segment stated results Let's our results. segments specifically turn that organic basis of an be detailed on to otherwise. periods, will Note to comparability unless
on of in last constant the legislative quarter, Revenue for by covered segment North X% X% The growth the in to clients managed well with increased basis revenue work primarily helping Health, related and new year. of strong and Wealth increased inflation changes plan to both populations. and international quarter to due America project from for compared supplemented first in and health Care growth organic implement, in generated costs, increases client as appointments as clients currency healthcare
in compliance higher the first client X% Europe risking retirement along to work was attributable of primarily with new de grew levels Wealth projects and in The quarter. acquisitions. America including and growth North
occurred was continued offset the of our to This partially pressured investments declines capital decrease a by growth in XXXX. nominal markets half by that business, in be second in which the
Outsourcing growth sales. Career and the and Benefits data Delivery driven in software in X% X% experienced the by quarter, increased in increases quarter. license for growth and demand services generated advisory
strength individual from driven volumes increase with The by of higher and was Advantage growth projects Medicare and placements new in outsourcing compliance our policies. and marketplace plus clients life
was on to margin and the margin This on XX.X% X% this strong operating period. Broking prior higher primarily compared the an leverage. prior to currency was constant same quarter. up revenue year Risk in HWC's to XX% growth was basis compared basis the operating due organic year XX% and quarter first
lines driven outstanding regions increase of from new business, most improved with and by growth retention. revenue had an Broking an Corporate quarter all across in Risk XX% primarily of business and organic
quarter. for we've slowed impact the activity with the on settlement over has years, growth point uptick As last percentage indicated, organic only book-of-business one after two the a
quarter Investment one $XX highlighted result and renewal for the by America strategic and income and was million that had percentage rates growth the North retention. point. of investments due quarter business initiatives increased quarter a to strong the to for higher and due Carl earlier. impacted organic A new
also as organic regions. financial and number product performance solid to deliver contributed business Europe our International aerospace, growth digit robust industry continues our building all and on including with natural lines double across growth solutions strengthening growth. product had focus in resources specializations to also and new of a
year In year increased the primarily revenue consulting operating XX.X% solutions. in the the sales and quarter. business, technology to retention by quarter driven and prior prior period, for R&B's XX.X% was margin X% compared was in up first first technology the insurance over
strategic of the now up profits of a investment interest in from savings, of organic result period. reflect growth comparable income, divested transformation Absent gain and the until the the inclusion our Russia this date revenue XXXX improved offset CRB, and by hires. as impacts of deconsolidation rate run in business headwinds Margin margins sale partially on headwind,
we year's ramp way this exemplified as we the performance quarter up a key solid growth this year. expect have production hires meaningful continue in our contribute last to expected, to organic begun by a in and As
in quarter this basis to with to increasing adjusted the the points level enterprise from Now XX.X% generated let's We prior operating results. growth profitable XX.X% year. margin XXX our turn
benefits improvement increased margin reflects which we goals. our a line the of ongoing growth XXXX key This to expect expansion contributor attainment of be continue the transformation top the operating our from to higher and margin related leverage and to savings,
whose the the activity to Russia headwind results our in was the profitable deconsolidation. included prior tailwind income settlement Please margin offset business, highly day were note margin book-of-business of that the up interest by created until year by from and divestiture the
Dollar. Foreign the EPS the $X.XX to currency due S. strength was for of U. on largely adjusted quarter, first a headwind of the
earnings per expect of rates today's currency of $X.XX. share remainder the Assuming we'd a continue for foreign adjusted year, on headwind the
U.S. was Our year. GAAP rate the quarter prior XX.X% versus the in for tax XX.X%
XX.X% tax items rate in primarily quarter of adjusted year. year. XX.X% impact quarter The is for tax the to was in current rate the compared the lower current Our discrete due favorable to prior adjusted the
rate full a corporate of increase, on The UK which X. result rate increased April adjusted effective for became may tax as moderately the tax year the
to us return gives capital investments disciplined opportunities. allocation and ability shareholders balance return continued balances strategy the strong to execute in a our capital strategic that deploy capital Our confidence M&A highest our with in sheet to internal
million. $XX the approximately dividends XXX,XXX in for repurchased and we $XXX million During paid quarter, shares
cash $XX We to view in of free the repurchases negative continue of million million flow of attractive flow compared first We quarter to XXXX use year. capital. the of $XX cash for generated as prior share free an
compensation year improvement working compared current higher cash more The year improvements $XXX the quarter prior lower resulting capital in as was discretionary in by year-over-year primarily flow made from payments the favorable million collections quarter. free to cash and driven mostly
made organic greater beginning and since progress growth a the program reflective future. business, come base, accelerating strengthening Our long to We've the of are XXXX. drive we've stabilizing the of rebuilding talent in QX transformation our way, profitability the the revenue results our
on We're committed yielded focused flow progress our and with Though of cash cash actions improvement to delivering free margin margin in term, the XXXX's we meaningful cash free expected, for have within flow more free same flow the our longer flow not near remain we timeframe results success continual yet generating. peer moving in and cash driving on the term free base towards making in levels. the X%
our cash free remains our enhancements strengthen to flow plans focus cash a generation priority, flow. high made original As improvement organizational to on we've
you our annual have are and As have may linked seen executive working the for proxy flow broader drive implementing flow added free in as program we cash accountability the incentives others a to on cash across in KPI the KPIs compensation for in organization statement, company.
pursuing focused structural In of to the our on contractual long-term addition, how improvements aspects cash businesses we operate. and are
consuming but expect, you most have we to class improve, time the realize. area might opportunities this where are those of the is As the opportunities largest to
pose consistent full in income adjusted income, conditions which remains sensitive target. $XXX about pension be million. significant is Pension year XXXX, this is level of reminder, at end. our would If a XXXX year expected pension remeasured headwind is to macroeconomic it to XXXX EPS income to a As
impact target guidance pension to our provide Accordingly, XXXX QX the additional release the results. EPS XXXX when on resulting expectations earnings income adjusted we will we and
Overall, to ramping starting we and benefits start are business to meaningfully talent excited expected by with to and of investments XXXX, results. our contribute the as up in strong the performance technology
our efforts operating leverage margin successful us drive addition, continue In have to transformation expansion. and to allowed
operating in consistent made revenue have margins EPS. growth progress in our We and increased organic commitments for
for up that, it Q&A. open With let's
