Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Despite Low Revenue Growth, Expense Discipline Led To Double-Digit Earnings Growth At Marsh

Marsh & McLennan’s expense discipline led to significant margin expansion in the second quarter. Adjusted operating income increased to reported strong operating income growth on modest revenue growth for the second quarter of 2016. Adjusted operating income and adjusted EPS both increased 14% to $734 million and $0.91, respectively, on only a 3% increase in underlying revenue. Expense leverage by the company increased adjusted operating margins to 21.8% from 19.9% a year ago. Management con...
Underlying
Marsh & McLennan Companies Inc.

Marsh & McLennan Companies is a holding company. Through its subsidiaries, the company provides clients advice and solutions in risk, strategy and people. The company provides analysis, advice and transactional capabilities to clients. The company conducts business through two segments: Risk and Insurance Services, which includes risk management activities (risk advice, risk transfer and risk control and mitigation solutions) as well as insurance and reinsurance broking and services; and Consulting, which includes health, wealth and career services and products, and other management, economic and brand consulting services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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