Marsh & McLennan Companies Reports First Quarter 2019 Results

Underlying Revenue Increases 4%

GAAP Operating Income Rises 3% to $938 million

Strong Growth in Adjusted Operating Income of 11% to $1.0 billion

GAAP EPS Grows to $1.40 from $1.34 and Adjusted EPS Rises 10% to $1.52

NEW YORK--(BUSINESS WIRE)--Apr. 25, 2019-- Marsh & McLennan Companies, Inc. (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2019.

Dan Glaser, President and CEO, said: "We delivered strong growth in underlying revenue and profitability in the first quarter, including double-digit adjusted earnings growth and meaningful adjusted margin expansion in both Risk & Insurance Services and Consulting. The Company's underlying revenue growth was 4%, adjusted operating income rose 11%, and the adjusted margin increased 210 basis points to 26.2%."

"With our successful completion of the acquisition of Jardine Lloyd Thompson Group and a great start to the year we believe the Company is well positioned to deliver solid results in 2019," concluded Mr. Glaser.