Marsh & McLennan Companies Reports Fourth Quarter And Full-Year 2016 Results
Feb 2, 2017
Underlying Revenue Growth of 3% for the Quarter and Year
Fourth Quarter GAAP EPS Rises 18% to $.84 and Adjusted EPS Up 25% to $.89
Full-Year GAAP EPS Increases 13% to $3.38 and Adjusted EPS Rises 12% to $3.42
Double-Digit Operating Income Growth Produces Strong Margin Expansion in 2016
NEW YORK--(BUSINESS WIRE)--Feb. 2, 2017-- 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, 2016.
Dan Glaser, President and CEO, said: "Marsh & McLennan Companies had a strong finish to the year. In the fourth quarter, we produced underlying revenue growth of 3% on a consolidated basis, including 5% growth in Risk & Insurance Services and 2% in Consulting. We also delivered double-digit growth in both GAAP and adjusted EPS with margin expansion in both segments.
"For the year, our results were excellent. We generated underlying revenue growth of 3% and significant margin improvement. GAAP and adjusted EPS each rose by double digits.
"In addition to our strong operating performance, we had another active year of acquisitions while delivering on our commitments to shareholders to grow dividends by double digits and reduce our share count through meaningful share repurchase." concluded Mr. Glaser.