Marsh McLennan posts Q3 2021 outcomes

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The group reported consolidated revenue of $ 4.6 billion for the quarter, up 16% from the third quarter of 2020. MMC’s underlying revenue increased 13% year over year, while operating profit was 740 Million US dollars, 37% more than last year, and adjusted operating profit increased. 19% to $ 759 million. Net income attributable to the company was $ 537 million.

Commenting on the results, Dan Glaser, President and CEO of MMC said: “We delivered another quarter with excellent results. For the second quarter in a row, the underlying growth was at its highest level in over two decades … Given the excellent quarterly and annual performance, we are on the right track for a great year. “

For the nine months ended September 30, 2021, consolidated revenue was $ 14.7 billion, an increase of 15% or 10% on a base value compared to the same period last year. Operating income is $ 3.3 billion, up 33% year over year, and adjusted operating income rose 21% to $ 3.4 billion. Net income attributable to the company for the first three quarters was $ 2.3 billion.

Risk and insurance services

MMC announced that risk and insurance services revenue was $ 2.7 billion for the third quarter of 2021, up 17% and 13% on an underlying basis, respectively. Operating income was up 21% to $ 403 million, while adjusted operating income was $ 469 million, up 21% from the same period last year. For the nine months ended September 30, 2021, revenue increased $ 9.0 billion, up 16% or on a 11% basis, operating income increased 28% to $ 2.4 billion, and adjusted operating income by 20% to $ 2.5 billion.

Marsh’s revenue for the third quarter of 2021 was $ 2.4 billion, up 13% on a base value basis. In the US / Canada, adjusted sales increased 16%, while international business resulted in adjusted sales growth of 9% (equivalent to 12% growth in Latin America, 9% growth in Asia Pacific and 8% growth in EMEA). For the nine months ended September 30, 2021, Marsh’s underlying revenue growth was 12% year over year.

Guy Carpenter’s revenue reached $ 314 million for the third quarter, up 15% on a base value basis, while Guy Carpenter’s underlying revenue grew 10% for the nine months ended September 30, 2021.

advisory

Consulting revenue was $ 1.9 billion for the third quarter, an increase of 13% and 12% year over year, respectively. Operating income increased 45% to $ 404 million and adjusted operating income increased 15% to $ 350 million. Revenue for the first nine months of 2021 was $ 5.7 billion, up 12% or 9% on an underlying basis. Operating profit increased 36% of $ 1.1 billion and adjusted operating profit increased 25% to $ 1.1 billion.

Mercer’s revenue was $ 1.3 billion for the third quarter of 2021, up 7% on a base value basis. On an underlying basis, career income increased 13% to $ 253 million, wealth income increased 6% to $ 613 million, and healthcare income increased 4% to $ 449 million. For the nine months ended September 30, 2021, Mercer’s revenue was $ 3.9 billion, an increase of 4% over the same period last year.

Oliver Wyman’s revenue for the third quarter was $ 610 million, an increase of 25% on a base value. For the first nine months ended September 30, 2021, Oliver Wyman’s revenue was $ 1.8 billion, an increase of 21% on a base value basis.

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