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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Marsh and McLennan Companies Inc | NYSE:MMC | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.71 | 0.35% | 205.55 | 206.44 | 204.59 | 205.00 | 921,242 | 01:00:00 |
From May 2023 to May 2024
By Rob Curran
Marsh & McLennan posted a 34% increase in third-quarter net income, reflecting robust growth at both its insurance and consulting operations.
The New York insurance brokerage and consulting firm logged earnings of $730 million, or $1.47 a share, up from $546 million, or $1.08 a share, a year earlier. Excluding certain items, earnings rose to $1.57 a share, handily beating the average analyst estimate of $1.39 a share as tabulated by FactSet.
Revenue rose 13% to $5.38 billion, surpassing the FactSet-tallied analyst target of $5.22 billion
Revenue at the firm's Risk & Insurance Services unit increased 12% to $3.2 billion. Consulting revenue rose 13% to $2.2 billion, with growth at both the Mercer and Oliver Wyman brands.
Write to Rob Curran at rob.curran@wsj.com
(END) Dow Jones Newswires
October 19, 2023 07:32 ET (11:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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