Global insurance brokerage, risk management and professional services firm, Marsh & McLennan Companies, Inc. (MMC), has surpassed expectations in its fourth quarter and full-year 2019 results.
In what president and CEO Dan Glaser described as “a historic year” for MMC, the firm grew total revenue by 11% and generated 4% underlying growth. MMC also increased its adjusted operating income by 14% and its adjusted earnings per share (EPS) by 7%. This growth sits on the back of MMC’s $5.6 billion purchase of Jardine Lloyd Thompson Group, a deal that officially closed in April 2019.
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