Marsh & McLennan Reports Third Quarter 2020 Results
Oct 29, 2020
Third Quarter Operating Income Rises 15% and Adjusted Operating Income Increases 9%
Third Quarter EPS Rises to $0.62 from $0.59 and Adjusted EPS Increases 6% to $0.82
Nine Months Operating Income Rises 20% and Adjusted Operating Income Increases 12%
Nine Months EPS Rises to $3.21 from $2.64 and Adjusted EPS Increases 9% to $3.77
NEW YORK, October 29, 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 third quarter ended September 30, 2020.
Dan Glaser, President and CEO, said: “Marsh & McLennan’s strong performance in this period of uncertainty demonstrates our continued excellent execution and the resilience of our business. In the third quarter, we generated 9% adjusted operating income growth and 6% growth in adjusted EPS, despite a modest decline in underlying revenue. For the first nine months of 2020, we achieved 1% underlying revenue growth, 12% adjusted operating income growth and 9% adjusted EPS growth.
“I am proud of the extraordinary dedication of our colleagues in serving our clients and supporting each other.”