Marsh & McLennan shares third quarter financial results

Insurance Business America | October 29, 2019

Marsh & McLennan shares third quarter financial results
Marsh & McLennan Companies, Inc. has announced third quarter (Q3) revenue of approximately US$3.97 billion (about SG$5.4 billion), a 13% increase compared to the same quarter in 2018. The increase comes just five months after the firm completed its US$5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT).   Underlying revenue, which was calculated as if Marsh & McLennan and JLT were a combined company a year ago, grew 5% compared to the same period in 2018. Operating income was US$467 million (down from US$541 million), and adjusted operating income rose 10% to US$585 million.

Spotlight

At Allianz Global Corporate & Specialty, our core belief is that only by striving to understand each clients individual requirements can we respond effectively, helping to manage and reduce risk.The key to achieving this is to engage and work with our clients at the point of operations - in the field where the risk is live. Only by taking a hands-on, collaborative approach can a true and clear perspective of each clients situation be obtained.

Spotlight

At Allianz Global Corporate & Specialty, our core belief is that only by striving to understand each clients individual requirements can we respond effectively, helping to manage and reduce risk.The key to achieving this is to engage and work with our clients at the point of operations - in the field where the risk is live. Only by taking a hands-on, collaborative approach can a true and clear perspective of each clients situation be obtained.

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