Marsh & McLennan Companies Reports First Quarter 2014 Results
May 2, 2014
Double-Digit Earnings Growth and Operating Margin Expansion Mark Excellent Start to Year
Both Operating Income and Adjusted Operating Income Increase 11%
GAAP EPS Grows From $.74 to $.80
Adjusted EPS Rises 11% to $.81
NEW YORK--(BUSINESS WIRE)--May 2, 2014-- Marsh & McLennan Companies, Inc. (NYSE:MMC), a global professional services firm offering clients advice and solutions in risk, strategy, and human capital, today reported financial results for the first quarter ended March 31, 2014.
President and CEO Dan Glaser said: "We produced double-digit earnings growth and meaningful margin expansion in the first quarter, with adjusted earnings per share rising 11% to $.81. This represents a strong start to 2014 and continues the excellent momentum we have achieved over the past several years. On a consolidated basis, underlying revenue growth was 4%, adjusted operating income rose 11%, and the adjusted margin increased 120 basis points to 20.9%, reflecting continued margin expansion in both the Risk and Insurance Services and Consulting segments."