AABP EP Awards 728x90

Marsh & McLennan profits grew in third quarter

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Marsh & McLennan Cos. Inc. reported net income for the quarter that ended Sept. 30 of $323 million, or 61 cents per share, compared with $297 million, or 54 cents per share, in the prior year. Adjusted earnings per share increased 13 percent to 63 cents per share for the quarter and 8 percent to $2.34 per share for the year, according to a release. Consolidated revenue in the third quarter was $3.1 billion, a decline of 1 percent from the third quarter of 2014, reflecting the continuing impact of the strong U.S, dollar, the company said. Revenues increased 2 percent in the company’s risk and insurance services operations and 6 percent in its consulting operations.