Marsh & McLennan Earnings Rise
02 2월 2017 - 10:36PM
Dow Jones News
By Imani Moise
Marsh & McLennan Cos. said its fourth-quarter earnings rose,
lead by strength in its risk and insurance business.
Sales in risk and insurance services rose 4% to $1.8 billion,
while consulting revenue grew 2% to $1.6 billion.
In all for the quarter, Marsh & McLennan reported a profit
of $436 million, or 84 cents a share, up from $375 million, or 71
cents, a year earlier. Excluding certain items, earnings rose to 89
cents from 71 cents.
Revenue edged up 0.8% to $3.36 billion.
Analysts polled by Thomson Reuters had forecast earnings of 84
cents on $3.46 billion in revenue.
Marsh & McLennan, an active acquirer, completed the purchase
of insurance broker Bluefin Insurance Group Ltd., and of Thomsons
Online Benefits Ltd. during the quarter ended in December. Last
month, the company closed the acquisition of insurance broker J.
Smith Lanier & Co.
Shares, inactive premarket, closed at $67.41 Wednesday and have
risen 7% over the past three months.
Write to Imani Moise at imani.moise@wsj.com
(END) Dow Jones Newswires
February 02, 2017 08:21 ET (13:21 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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