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Earnings Report: Marsh & McLennan Beats Estimates As Top Line Rises 5.6%

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Uploaded on Aug 3, 2010

Marsh & McLennan (NYSE:MMC) reported Q2 EPS of $0.46, topping consensus estimates of $0.44.

Revenues in the quarter rose 5.6% to $2.61 billion, but came in short of consensus estimates of $2.71 billion.

Brian Duperreault, MMC President and CEO said: "We are pleased with the progress MMC made in the second quarter. Our Risk and Insurance Services segment grew revenue in an environment of continued soft market conditions in the property and casualty marketplace. Marsh produced strong new business globally, with especially good revenue growth in Asia Pacific and Latin America. Guy Carpenter generated underlying revenue growth, reflecting new business production. In our Consulting segment, Mercer continued to control expenses in a weak economic environment. We were also pleased with the growth in revenue and operating income generated by Oliver Wyman.

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