NU Online News Service, May 4, 2:55 p.m. EDT
Marsh & McLennan Cos. says its 2011 first-quarter net income jumped 31 percent as its flagship brokerage firms showed solid revenue increases and positive organic growth.
The New York-based services firm, and parent company of insurance broker Marsh and reinsurance broker Guy Carpenter, reports today that its net income increased $77 million to $325 million. Earnings per share increased 13 cents to 58 cents a share. Revenues rose 9 percent, or $249 million, to $2.9 billion.
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