MMC posted a 2% decline in revenue in Q2 2015

26 August 2015 — Vlad BOLDIJAR
MARSH & McLENNAN Companies (MMC) reported for the second quarter of 2015 consolidated revenues of USD 3.22 billion, a decline of 2% compared with Q2 2014, "reflecting the continuing impact of the strong US dollar", the company noted in the press release. Operating income was USD 629 million compared with USD 647 million in the prior year, while the net income attributable to the Company was USD 419 million (vs. USD 431 million in Q2 2014).

For the first six months of 2015, the net income attributable to the Company was USD 901 million (or USD 1.66 per share), compared with USD 874 million (or USD 1.57 per share, in 2014). Adjusted earnings per share increased 6% to USD 1.70. "Given the macro headwinds we are facing, I am pleased with our performance in the first half of the year", MARSH & McLENNAN President and CEO, Dan GLASER, said in a statement.

In Q2 2015, revenue for the Risk and Insurance Services totaled USD 1.75 billion (2% less y-o-y), while the operating income was USD 427 million compared with USD 448 million in the prior year. The insurance broker MARSH's revenue reached USD 1.47 billion, while the reinsurance broker GUY CARPENTER's revenue was USD 275 million.

For the same period, total revenue for the Consulting sector, which includes MERCER and OLIVER WYMAN Group, was USD 1.48 billion (vs. USD 1.52 billion in Q2 2014), while the operating income rose 1%, to USD 248 million. MERCER's revenue was USD 1.04 billion, while OLIVER WYMAN Group's revenue totaled USD 441 million.

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