"For the year, MARSH & MCLENNAN Companies' results were excellent. On a consolidated basis, adjusted operating income grew 10%, our seventh consecutive year of double-digit growth, while the adjusted margin increased 70 basis points to 18.1%", said Dan GLASER, President and CEO.
In Q4 2014, for the risk and insurance services, the insurance broker MARSH's revenue was USD 1.5 billion (4% more y-o-y), while reinsurance broker GUY CARPENTER's revenue was USD 212 million, showing an increase of 1% y-o-y. Overall, in the fourth quarter of 2014, risk and insurance services revenue was USD 1.7 billion (4% more), while for the year 2014 revenue was USD 6.9 billion (5% more).
In the fourth quarter 2014, total revenue reported for the consulting sector, which includes MERCER and OLIVER WYMAN Group, was USD 1.6 billion (5% more y-o-y): MERCER's revenue was USD 1.1 billion (2% more), while OLIVER WYMAN Group's revenue was USD 460 million (12% more). For the year, total revenue for the consulting sector was USD 6.1 billion, representing an increase of 6% compared with 2013.
Read the full report here.