Marsh & McLennan Reports Second Quarter 2020 Results
Jul 30, 2020
Second Quarter Operating Income Rises 30% and Adjusted Operating Income Increases 10%
Second Quarter EPS Rises to $1.12 from $0.65 and Adjusted EPS Increases 12% to $1.32
Six Months Operating Income Rises 21% and Adjusted Operating Income Increases 13%
Six Months EPS Rises to $2.60 from $2.05 and Adjusted EPS Increases 10% to $2.96
NEW YORK, July 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 second quarter ended June 30, 2020.
Dan Glaser, President and CEO, said: “In the midst of the pandemic, we delivered another strong quarter reflecting outstanding execution and the resilience of our business. In the second quarter, despite a modest decline in underlying revenue due to the global impact of COVID-19, we generated 10% adjusted operating income growth and 12% growth in adjusted EPS. For the first six months of 2020, we achieved 2% underlying revenue growth and 10% adjusted EPS growth.
"I am humbled by our colleagues’ exceptional support of our clients and one another during these tumultuous times.”