MMC Q2 revenue increases by 3% reflecting growth across all operating companies

The MARSH & McLENNAN Companies (MMC) reported Q2 2017 consolidated revenues of USD 3.5 billion, up by 3% y-o-y. The operating income increased by 5%, to USD 764 million, while the net income attributable to the company was USD 501 million (vs. USD 472 million in Q2 2016).

Revenue for the Risk and Insurance Services totalled USD 1.9 billion (2% more y-o-y), while the operating was USD 528 million, an increase of 7% y-o-y. In the analysed period, MARSH insurance broker's revenue reached USD 1.6 billion, while the reinsurance broker GUY CARPENTER's revenue was of USD 293 million.

Total revenue for the Consulting sector, which includes MERCER and OLIVER WYMAN Group, was USD 1.6 billion (4% more y-o-y), while the operating was down by 1% to USD 283 million. MERCER's revenue was USD 1.1 billion, while OLIVER WYMAN Group's revenue was USD 483million.

Dan GLASER, President & CEO, said: "In the second quarter, on a consolidated basis, we generated solid underlying revenue growth of 3% with continued earnings growth and margin expansion. Underlying revenue increased across all four operating companies, with 2% growth in Risk & Insurance Services and 4% in Consulting".

MMC said that for the six months ended June 30, 2017, consolidated revenue was USD 7.0 billion, an increase of 4% y-o-y, while the net income attributable to the Company increased 12% to USD 1.1 billion.

"With a strong first half of 2017, we believe the Company is well positioned to deliver underlying revenue growth, margin expansion in both segments, and strong earnings per share growth this year", concluded Dan GLASER.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

20 years with XPRIMM

Our journey alongside the CEE, SEE and CIS insurance markets has reached the 20th milestone.
In 20 years we made every effort to become a reliable source of information, a familiar presence wherever something important happens in the re/insurance world.

2018-07-10

Deutsche Ruck grows and strengthens its assets

The Deutsche Ruck Group's gross premium income rose by 2.3% to EUR 1.2 billion in 2017. As well as a slight improvement in the operating result before tax, the Group once again achieved good investment income.

2018-07-11

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

2018-07-10

ON THE MOVE

TOP EVENT

LIVE: IIS Global Insurance Forum 2018 / Day2

The works of the Global Insurance Forum continued today in Berlin, Germany. Providing security for ageing populations in health care and pensions terms, as well as innovation and InsurTech or innovative strategies for the future development of the industry are on the today's agenda.

10.07.2018

See all