Marsh & McLennan shares third quarter financial results

Insurance Business America | October 29, 2019

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

Insurance, since its inception, has shaped patterns of economic and social growth. It has helped us mitigate the damage of threats and disasters from droughts to car accidents, and has opened new pathways to financial health and stability that would not have been possible without risk management. Insurance is part of all of our lives and, as societies across the globe now grapple with increased risks from climate change to geopolitics, and new trends in consumer demand and technological advancement, insurance is changing.

Spotlight

Insurance, since its inception, has shaped patterns of economic and social growth. It has helped us mitigate the damage of threats and disasters from droughts to car accidents, and has opened new pathways to financial health and stability that would not have been possible without risk management. Insurance is part of all of our lives and, as societies across the globe now grapple with increased risks from climate change to geopolitics, and new trends in consumer demand and technological advancement, insurance is changing.

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