Marsh reports 8% Q3 revenue increase, driven by consulting growth
1 report, 1 independent
Updated Oct 1
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What happened
Marsh reported an 8% increase in third-quarter revenue, reaching $6.9 billion. Underlying revenue grew 5% for the quarter ended September 30. Adjusted earnings per share rose 10% to $2.03, while GAAP operating income increased 4% to $1.2 billion.
Why it matters
The revenue growth was supported by strong management consulting, which helped offset a decline in reinsurance revenue and slower expansion in the insurance services segment. The results reflect Marsh's market position and value delivery to clients.
Who's involved
- MarshProfessional services company reporting Q3 financial results.
- ThrivePersonal finance website involved in a program Marsh is executing.
- Marsh & McLennan CompaniesGlobal professional services firm under which Marsh operates.