Marsh & McLennan Companies reported consolidated revenue was $3.7 billion, an increase of 7 percent over the second quarter of 2017.
Operating income was $691 million for the quarter.
In the Risk & Insurance Services unit, revenue was $2.1 billion in the second quarter of 2018, an increase of nine percent. Insurance broker Marsh’s revenue in the second quarter was $1.7 billion, an increase of five percent on an underlying basis. Reinsurance broker Guy Carpenter’s revenue in the second quarter was $332 million, an increase of five percent on an underlying basis.
Consulting revenue that includes Mercer and Oliver Wyman was $1.7 billion for the quarter, an increase of one percent on an underlying basis.
Dan Glaser, president and CEO, said the company is pleased with its first half of the year performance in which it achieved four percent underlying revenue growth. “With a solid first half of 2018, we believe the company is well positioned to deliver underlying revenue growth in the 3-5 percent range, margin expansion and strong growth in adjusted earnings per share in 2018,” Glaser said in prepared remarks.
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