Marsh & McLennan reports higher earnings
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.