Marsh & McLennan Cos. reported strong second-quarter earnings, with net income increasing 18 percent backed by growth in its risk & insurance and consulting services segments.
The professional services firm's Q2 net profit was up $59 million to $388 million. Revenues increased slightly by 2 percent to $3.8 billion. For the first six months of 2013 net income was $801 million, compared to $676 million from the prior year. Revenues were up $137 million to $6.2 billion for the first half of the year.
Revenues from MMC's risk and insurance segment—consisting of insurance broker Marsh and reinsurance broker Guy Carpenter—were up 3 percent in the quarter to $1.7 billion, with organic growth of 3 percent.
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