AABP EP Awards 728x90

Marsh & McLennan reports higher earnings

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Marsh & McLennan Cos. Inc., a global insurance and benefits consulting firm, reported income from continuing operations in the third quarter of 2012 was $246 million, or 43 cents per share, compared with $133 million, or 23 cents per share, in the third quarter of 2011.

The prior period includes $72 million of expense, or approximately 9 cents per share, related to the early extinguishment of debt. Net income was $241 million, compared with $130 million in the third quarter of 2011.

Marsh & McLennan subsidiary Marsh USA operates an office in Urbandale.