AABP EP Awards 728x90

Marsh & McLennan operating income up 16 percent

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Marsh & McLennan Companies Inc. reported operating income of $472 million, a 16 percent increase from the year-ago quarter, for its second quarter that ended June 30. Adjusted earnings per share for the global professional services firm was up 14 percent to 91 cents, compared with 80 cents in last year’s second quarter. Consolidated revenue in the second quarter of 2016 was $3.4 billion, an increase of 5 percent compared with the second quarter of 2015. “We continue to produce strong results as we help clients navigate global uncertainty, CEO Dan Glaser said in a release. “We expect to deliver underlying revenue growth, meaningful margin expansion and strong growth in earnings per share in 2016.”