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MMC Q2 Revenue Up 20%; Marsh Up 15% insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.
Marsh & McLennan Companies Inc (MMC) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Advisor Group Appoints Industry Leader Amy M. Hamilton as Chief of Staff and Head of Internal Audit prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
2021-04-28T07:53:00+01:00 Dan Glaser, President and CEO, said: “Marsh McLennan had an outstanding first quarter. We delivered strong growth in underlying revenue and adjusted earnings, and generated meaningful adjusted operating margin expansion in both Risk & Insurance Services and Consulting. Our total revenue grew 9%, with underlying revenue growth of 6%. Adjusted operating income rose 20%, adjusted EPS grew 21%, and our adjusted operating margin increased 260 basis points to 29.6%. “Our excellent start to 2021 positions us well for the balance of the year.” Consolidated Results Consolidated revenue in the first quarter of 2021 was $5.1 billion, an increase of 9%, or 6% on an underlying basis, compared with the first quarter of 2020. Operating income was $1.4 billion compared with $1.1 billion in the prior year. Adjusted operating income, which excludes noteworthy items as presented in the attached supplemental schedules, rose 20% to $1.4 billion. ....
Marsh McLennan Reports 9% Revenue Growth in Q1 April 28, 2021 Operating income was $1.4 billion compared with $1.1 billion in the prior year. Net income was $983 million, compared with $754 million in the prior year first quarter. “Our excellent start to 2021 positions us well for the balance of the year,” commented Dan Glaser, president and CEO. Risk & Insurance Services Risk & Insurance Services revenue was $3.2 billion in the first quarter of 2021, an increase of 11% compared with the first quarter 2020. Operating income of $1.1 billion increased 24% from the prior year. Insurance broker Marsh’s revenue in the first quarter was $2.3 billion, an increase of 8% on an underlying basis. In US/Canada, underlying revenue rose 9%. International operations produced underlying revenue growth of 6%. ....