Marsh & McLennan Companies Inc. reported third-quarter net income of $221 million despite declining revenues in most segments, with its CEO citing the work of top executives to generate new business in a tough economy while tightening expense controls.
The third-quarter profit, coming out to 41 cents per share, represents a stark turnaround from a net loss for the same period last year of $8 million, or 2 cents per share.
The third-quarter profit was posted despite an 11 percent drop in revenues, which fell $296 million to $2.5 billion.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
