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Daily Insurance Industry News
Monday 22nd of January 2018
November 6, 2012

MMC reports rising profits

by Richard Kilner

Story link: MMC reports rising profits

Marsh & McLennan Companies, Inc. (MMC) has reported that in the third quarter of 2012 it made consolidated revenue of $2.8bn, a 1% year-on-year rise.

Quarterly income from continuing operations was $246m, equating to $0.43 per share, nearly double the $133m ($0.23 per share) of the corresponding period last year.

Net income was $241m, up from $130m year-on-year but down from $329m in Q2 2012.

In the first nine months of the year income from continuing operations was $939m ($1.66 per share), up from $738m ($1.30 per share) in 9M 2011.

Net income for the first three quarters of 2012 was $917m, up from $737m last year.

President and Chief Executive Officer Brian Duperreault welcomed the firm’s strong quarterly results and the 9M double digit rise in operating income.

 

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