Marsh & McLennan Companies Reports Second Quarter 2016 Results
Jul 28, 2016
Underlying Revenue Rises 3% Reflecting Growth Across All Four Operating Companies
Strong Growth in GAAP Operating Income of 16% and Adjusted Operating Income of 14%
GAAP EPS Rises 17% to $.90 and Adjusted EPS Increases 14% to $.91
NEW YORK--(BUSINESS WIRE)--Jul. 28, 2016-- Marsh & McLennan Companies, Inc. (NYSE:MMC), a global professional services firm offering clients advice and solutions in risk, strategy and people, today reported financial results for the second quarter ended June 30, 2016.
Marsh & McLennan Companies President and CEO Dan Glaser said: "We delivered another strong quarter with 14% growth in adjusted EPS and margin expansion in both segments. Underlying revenue rose 3% on a consolidated basis, reflecting an increase of 2% in Risk & Insurance Services and 5% in Consulting. Adjusted operating income was up 14%, with both segments contributing double-digit growth. We continue to produce strong results as we help clients navigate global uncertainty. We expect to deliver underlying revenue growth, meaningful margin expansion and strong growth in earnings per share in 2016.