Marsh & McLennan Companies Reports Third Quarter 2016 Results
Oct 25, 2016
Strong Growth in GAAP Operating Income of 24% and Adjusted Operating Income of 16%
Margin Expansion in Both Segments
GAAP EPS Rises 20% to $.73 and Adjusted EPS Increases 10% to $.69
NEW YORK--(BUSINESS WIRE)--Oct. 25, 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 third quarter ended September 30, 2016.
Dan Glaser, President and CEO, said: "We produced another quarter of strong earnings growth, delivering double-digit growth in both GAAP and adjusted EPS, with margin expansion in both segments. Through nine months, we have generated underlying revenue growth of 3%, solid earnings growth and margin expansion in each segment. For the full year, we continue to expect to deliver underlying revenue growth, meaningful margin expansion and strong growth in earnings per share."