MMC reports Q3 results
Marsh & McLennan Companies, Inc. (MMC) has reported its financial results for the third quarter of 2010.
The firm saw income from continuing operations of $128m in Q3 (equating to $0.22 per share), down substantially from the $207m ($0.38 per share) earnt in Q3 2009.
Quarterly net income was $168m ($0.30 per share), down from $221m ($0.41 per share) in the same quarter last year and the $236m ($0.43 per share) made in Q2 2010.
Consolidated revenue in Q3 rose 7% to $2.5bn, and revenue for the first nine months of the year was also up 7%, to $7.8bn.
In the first nine months of the year MMC made net income of $652m ($1.18 per share), more than threefold the $204m ($0.38 per share) made during the corresponding period last year.
President and Chief Executive Officer Brian Duperreault expressed pleasure with the progress MMC has made both in the quarter and through the year so far.
Category: Financials, Insurance News
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