Marsh & McLennan Reports Fourth Quarter 2019 Results
Jan 30, 2020
Full-Year Revenue Growth of 11%; Underlying Revenue Growth of 4%
Full-Year GAAP Operating Income Declines 3%; Adjusted Operating Income Increases 14%
Full-Year GAAP EPS Increases 6% to $3.41; Adjusted EPS Increases 7% to $4.66
Fourth Quarter GAAP EPS Rises to $0.76; Adjusted EPS Grows 9% to $1.19
NEW YORK--(BUSINESS WIRE)--January 30, 2020-- Marsh & McLennan Companies, Inc. (NYSE:MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the fourth quarter ended December 31, 2019.
"2019 was a historic year for Marsh & McLennan,” said Dan Glaser, President and CEO. "We closed the largest transaction in our Company’s history, maintained our momentum through the integration and met our key milestones. We grew total revenue 11% and generated 4% underlying growth. We increased our adjusted operating income by 14%, adjusted margin by 110 basis points and adjusted EPS by 7%. With a solid fourth quarter, we enter 2020 well positioned for continued growth."