Marsh McLennan third quarter net income rises to $1.15 billion
Marsh McLennan recorded higher third quarter earnings, with net income rising to $US730 million ($1.15 billion) from $US546 million ($865 million) a year earlier and consolidated revenue up 13% to $US5.4 billion ($8.6 billion).
The Risk and Insurance Services division – the biggest by income size – posted a 12% rise in revenue to $US3.19 billion ($5 billion) and operating income gained 21% to $US640 million ($1.01 billion).
Within the division Marsh revenue went up 9% to $US2.7 billion ($4.2 billion) and Guy Carpenter revenue also improved by 9% to $US359 million ($568 million).
“Marsh McLennan's third quarter results were outstanding, reflecting strength across the business,” CEO and President John Doyle said.
“We had another quarter of double-digit underlying revenue growth, strong adjusted EPS growth and margin expansion.
“We achieved these results while also continuing to make significant investments for the future. With our performance through the third quarter, we are on track for another terrific year.”