Marsh & McLennan Companies Reports Fourth Quarter And Full-Year 2015 Results
Feb 4, 2016
Strong Underlying Revenue Growth Across All Operating Companies
Operating Margins Expand in Both Segments
GAAP EPS Increases to $.71 in Fourth Quarter and to $2.98 for Year
Adjusted EPS Increases 8% - to $.71 in Fourth Quarter and to $3.05 for 2015
NEW YORK--(BUSINESS WIRE)--Feb. 4, 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 fourth quarter and year ended December 31, 2015.
Marsh & McLennan Companies President and CEO Dan Glaser said: "We capped off a successful year with an outstanding fourth quarter, posting our highest underlying revenue growth of 2015 at 5%. In 2015, we produced underlying revenue growth of 4% on a consolidated basis. Our adjusted operating margin expanded 100 basis points, with higher margins in both segments for the sixth consecutive year. Adjusted EPS grew 8% despite FX headwinds of approximately $.18 per share. In addition to our solid operating performance, we continued to deliver on our commitments to shareholders. We deployed $3.2 billion of capital through double-digit growth in dividends, a record level of share repurchase and an active year for acquisitions.
"We believe we are well positioned to deliver underlying revenue growth, margin expansion and strong EPS growth in 2016," concluded Mr. Glaser.