BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Marsh & McLennan reports 4.6% increase in first-half revenues

Marsh & McLennan reports 4.6% increase in first-half revenues

NEW YORK—Marsh & McLennan Cos. Inc.'s total revenues for the first six months of this year increased 4.6% over those of the same period a year earlier to $6.08 billion, the company reported Tuesday.

Revenue for Marsh Inc., the company's brokerage operation, rose 6.0% to $2.79 billion, while that of reinsurance intermediary Guy Carpenter & Co. L.L.C. rose 5.9% to $632 million. Revenue from consulting operations Mercer L.L.C. and Oliver Wyman Group grew 2.9% to $2.65 billion.

Second-quarter total revenues increased 3.3% to $3.03 billion. Marsh Inc.'s revenues grew 4.4% to $1.41 billion while Guy Carpenter's increased 7.0% to $275 million. Consulting revenues increased 1.67% to $1.34 billion in the quarter.

The company's net income for the first half rose 11.4% to $676 million. For the second quarter, income increased 16.7% to $329 million.

“Our outstanding second quarter results successfully built on our strong first quarter,” said Brian Duperreault, president and CEO of Marsh & McLennan. “We produced revenue growth in each of our operating companies, as well as growth in operating income in both risk and insurance services and consulting, with meaningful margin improvement.”