Marsh & McLennan Companies Reports Third Quarter 2017 Results
Oct 26, 2017
Total Revenue Growth of 7% and Underlying Revenue Growth of 3%
Growth in Operating Income of 4% and Adjusted Operating Income of 11%
GAAP EPS Rises 4% to $0.76 and Adjusted EPS Increases 14% to $0.79
NEW YORK--(BUSINESS WIRE)--Oct. 26, 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 third quarter ended September 30, 2017.
Dan Glaser, President and CEO, said: "In the third quarter, on a consolidated basis, we generated solid underlying revenue growth of 3% and adjusted operating income growth of 11%. Underlying revenue growth was 3% in Risk and Insurance Services and 2% in Consulting, with margin expansion in both segments on an adjusted basis. Earnings per share increased 4% to $0.76, while adjusted EPS rose 14% to $0.79."
"Through the first nine months we have generated underlying revenue growth in all four operating companies and solid earnings growth. With strong performance through the first three quarters of the year, we believe the Company is well positioned to deliver underlying revenue growth, margin expansion in both segments, and strong earnings per share growth for the full year," concluded Mr. Glaser.