MMC reported 10% increase in Q1 operating income

4 May 2017 — Vlad BOLDIJAR
The MARSH & McLENNAN Companies (MMC) recorded Q1 2017 aggregate revenues of USD 3.50 billion, up by 5% y-o-y, the group announced.

The operating income was USD 809 million, up by 10% y-o-y, while the net income attributable to the Company was of USD 569 million (vs. USD 481 million).

Revenue for the Risk and Insurance Services totaled USD 1.98 billion (6% more y-o-y), while the operating income totaled USD 613 million (15% more y-o-y).

The insurance broker MARSH's revenue reached USD 1.59 billion (vs. USD 1.48 bilion), while the reinsurance broker GUY CARPENTER's revenue was USD 385 million (vs. USD 374 million).

Total revenue for the Consulting Sector, which includes MERCER and OLIVER WYMAN Group, was USD 1.52 billion (3% more y-o-y), while the operating income was down by 1% y-o-y to USD 241 million.

MERCER's revenue was USD 1.08 billion (vs. USD 1.04 billion), while OLIVER WYMAN Group's revenue was USD 449 million, about USD 10 million more y-o-y.

Read the announcement here.

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