Global broker delivers second quarter revenues of $3.3bn.
By Emmanuel Kenning
Marsh & McLennan Companies has reported revenues of $3.3bn [£1.95bn] and an 11% increase in profit to $431m (Q2 2013: $388m) for the second quarter of 2014.
The broking giant detailed that risk and insurance services revenue was $1.79bn in the second quarter of 2014, again a rise on the $1.69bn achieved in Q2 2013.
Operating income in the division rose 6% to $448m for the three months.
Within this arm of the company, Marsh's revenue in the second quarter of 2014 was $1.49bn, up from $1.4bn in the same quarter of the year before.
Marsh
And in turn within Marsh, revenue from the Europe, Middle East and Africa unit came in at $478m (Q2 2013: $455m).
This represented a 5% increase on the same quarter the previous year. However the company noted that underlying revenue strengthening was in fact only 1% after stripping out the impact of and acquisitions and disposals.
President and CEO at Marsh & McLennan Companies, Dan Glaser, said: "The company delivered another quarter of excellent financial results.
"We produced revenue growth of 7% with underlying revenue growth of 5%. This was our strongest quarterly revenue performance in two years, with all operating companies contributing."
Source: Insurance Age
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