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Marsh McLennan Announces “Outstanding” Second Quarter Performance

Group consolidated sales for the second quarter of 2021 were US $ 5 billion (approximately NZ $ 7.18 billion), an increase of 20% compared to the second quarter of 2020. Basically, sales increased by 13%. Meanwhile, operating income was US $ 1.2 billion, up 39% from the previous year. Adjusted operating profit was $ 1.2 billion, up 24%.

Net income attributable to the company was $ 820 million, compared to $ 1.12 in the second quarter of 2020, and $ 1.60 per diluted share. Meanwhile, adjusted earnings per share was $ 1.75, up 33% from $ 1.32 in the year-ago quarter.

Consolidated sales for the six months ending June 30, 2021 were $ 10.1 billion, an increase of 14%, or 9%, compared to the previous period. Operating income increased 32% year-on-year to US $ 2.6 billion. Adjusted operating profit increased 22% to US $ 2.6 billion. Meanwhile, the company’s net profit attributable to the company was US $ 1.8 billion.

Risk & Insurance Services

During the second quarter of 2021, MMC’s risk and insurance revenues increased 21% (or 13% in the underlying business) to $ 3.1 billion and operating income increased 37% from the second quarter of 20209. It was $ 550 million and adjusted operating income was $ 927 million. 22% increase from the same period last year.

In the first half of 2021, sales were $ 6.4 billion, an increase of 15% or 10% on a basic basis, while operating income increased 30% to $ 2 billion and adjusted operating income was $ 2 billion, 19%. Has increased. The first half of 2020.

Marsh’s second-quarter revenue was $ 2.7 billion, up 14% on a basic basis. Underlying revenue increased 15% in the US / Canada, while overseas business grew 13%, reflecting 16% growth in EMEA, 10% growth in Asia Pacific and 2% growth in Latin America. We saw growth in revenue, which is the basis of.

Guy Carpenter’s revenue in the second quarter of 2021 increased 12% on a basic basis to US $ 488 million, and revenue in the first half of 2021 increased 8% year-on-year.

consulting

According to the Group’s report, consulting revenue in the second quarter of 2021 was US $ 1.9 billion, an increase of 17% or 12% over the same period last year. Operating profit was up 35% to US $ 344 million and adjusted operating profit was up 34% to US $ 356 million.

In the first six months of 2021, revenue totaled US $ 3.8 billion, an increase of 11%, or 8%, on a basic basis. Operating income increased US $ 705 million to 31% and adjusted operating income increased 31% to US $ 726 million.

MercerMeanwhile, Q2 2021 sales were $ 1.3 billion, up 6% on a basic basis. Mercer revenues for the first half of 2021, which ended June 30, 2021, were $ 2.6 billion, up 3% on a basic basis compared to the year-ago quarter.

Oliver Wyman’s revenue in the second quarter of 2021 was $ 618 million, an increase of 28% on a basic basis. During the first six months ending June 30, 2021, Oliver Wyman’s revenue was $ 1.2 billion, up 19% on a basic basis.

In addition to the comments above, Glasser said: “These results directly reflect the efforts and dedication of our colleagues around the world. We look forward to bringing this momentum to the second half of this year.”

Marsh McLennan Announces “Outstanding” Second Quarter Performance

Source link Marsh McLennan Announces “Outstanding” Second Quarter Performance

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