MMC revenues declined by 1% in 1Q2015

13 May 2015 — Vlad BOLDIJAR
MARSH & McLENNAN Companies (MMC) reported for the first quarter of 2015 consolidated revenues of USD 3.2 billion, a decline of 1% compared with the first quarter of 2014, "reflecting a 6% negative currency impact", the company noted in the press release. At the same time, operating income rose by 10% to USD 749 million, while the net income attributable to the Company was USD 482 million compared with USD 443 million in the previous year.

Revenue for the risk and insurance services totaled USD 1.8 billion (3% more y-o-y), while the operating income was up by 8%, to USD 533 million. In the analyzed period, the insurance broker MARSH's revenue reached USD 1.4 billion, while the reinsurance broker GUY CARPENTER's revenue was USD 368 million.

Total revenue for the consulting sector, which includes MERCER and OLIVER WYMAN Group, was USD 1.4 billion, while the operating income rose 10%, to USD 248 million. MERCER's revenue was USD 1 billion, while OLIVER WYMAN Group's revenue was USD 384 million.

"We are off to a good start and are on track to deliver underlying revenue growth, margin expansion, and solid growth in earnings per share this year," MARSH & McLENNAN President and CEO, Dan GLASER, said in a statement.

Read the announcement here.

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