Marsh & McLennan Companies Reports Fourth Quarter And Full-Year 2017 Results

Underlying Revenue Growth of 4% for the Quarter and 3% for the Year

GAAP Operating Income Rises 8% for the Quarter and 7% for the Year

Adjusted Operating Income Increases 12% for the Quarter and 10% for the Year

GAAP EPS Declines to $2.87 and Adjusted EPS Increases 15% to $3.92 for the Year

NEW YORK--(BUSINESS WIRE)--Feb. 1, 2018-- 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, 2017.

Dan Glaser, President and CEO, said: "Marsh & McLennan Companies generated strong results in the fourth quarter of 2017. On a consolidated basis, we produced 10% revenue growth with underlying revenue growth of 4%, including 3% in Risk & Insurance Services and 6% in Consulting. Adjusted operating income increased 12% in the quarter with double-digit growth in both segments."

"For the year, Marsh & McLennan Companies generated solid underlying revenue growth of 3%, adjusted EPS growth of 15% and adjusted operating margin expansion of 70 basis points, with higher margins in both segments for the eighth consecutive year."

"In addition to our excellent underlying performance, we had another active year of acquisitions while delivering on our capital return commitments. We are proud of our accomplishments this past year and believe we are well positioned for another strong year in 2018," concluded Mr. Glaser.