Marsh & McLennan surges during second quarter

Strong growth for company across all operations as success continues

Marsh & McLennan surges during second quarter

Insurance News

By Ryan Smith

Marsh & McLennan Companies saw underlying revenue increase by 3% in the second quarter. The firm reported its Q2 financial results today, showing growth across all operating companies.

“In the second quarter, on a consolidated basis, we generated solid underlying revenue growth of 3% with continued earnings growth and margin expansion,” said Marsh & McLennan President & CEO Dan Glaser. “Underlying revenue increased across all four operating companies, with 2% growth in Risk & Insurance Services and 4% in Consulting. Earnings per share increased 7% to US $0.96, while adjusted EPS rose 10% to US $1.”

Marsh & McLennan reported consolidated Q2 revenue of US $3.5 billion, an increase of 4% over the second quarter of last year. On an underlying basis, revenue was up 3%. Operating income was US $764 million, 5% up from last year. Marsh & McLennan’s net income was US $501 million.

For the first half of 2017, consolidated revenue was $7 billion, up 4%, or 3% on an underlying basis. Net income attributable to the company was up 12% to US $1.1 billion.

“With a strong first half of 2017, we believe the company is well-positioned to deliver underlying revenue growth, margin expansion in both segments, and strong earnings-per-share growth this year,” Glaser said.

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