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Marsh & McLennan Q2 2013 net income increased to $388m

Marsh & McLennan Companies has reported a net income of $388m, or $.69 per share for the second quarter of 2013, compared to $329m, or $.59 per share during the corresponding period earlier year.

Commenting on the financial result, Marsh & McLennan president and CEO Dan Glaser said that the firm continued to deliver strong financial results in the second quarter and produced underlying revenue growth across all major geographies.

For the quarter period ended on 30 June 2013, its consolidated revenue stood at $3.1bn, an increase of 2%, or 3% on an underlying basis compared to the second quarter last fiscal.

Risk and Insurance Services segment revenue rose 3% to $1.7bn, while its operating income grew by 8% to $421m, against $390m during the comparable period earlier year.

Consulting segment revenue stood at $1.4bn, up by just 1%, operating income increased 12% to $205m, compared to $183m during the corresponding period a year ago.

With 54,000 staff, Marsh & McLennan Companies delivers analysis, advice, and transactional capabilities to clients in more than 100 nations, globally.