Revenues, income up for Marsh & McLennan in Q3

Marsh & McLennan Companies Inc. announced Wednesday its financial results for the quarter ending Sept. 30.

The New York City-based firm reported net income attributable to the company was $253 million on revenues of $2.932 billion in the most recent quarter, compared to $241 million on revenues of $2.845 billion during the same period in 2012. All figures are in U.S. currency.

Revenues from risk and insurance services during the latest quarter were $1.497 billion, of which $262 million was from Guy Carpenter & Company LLC, a subsidiary that provides risk and reinsurance intermediary services. The remainder of the risk and insurance services revenue was from brokerage and risk management subsidiary Marsh Inc.

In the third quarter of 2012, Marsh & McLennan reported risk and insurance services revenue of $1.441 billion, of which $249 million was from Guy Carpenter, with the remainder from Marsh.

In Q3 2013, Marsh had revenues of $1.235 billion, of which $589 million was from the United States and Canada. During Q3 2012, Marsh had total revenues of $1.192 billion, of which $570 million was from the U.S. and Canada.

For the first nine months of 2013, Marsh & McLennan recorded net income attributable to the company of $1.054 billion on revenues of $9.146 billion, compared to net income attributable to the company of $917 million on revenues of $8.922 billion during the same period in 2012.

As of Sept. 30, year-to-date revenue from risk and insurance services was $4.963 billion, up from $4.781 billion during the first nine months of 2012. Marsh Inc.’s revenue in the U.S. and Canada was $1.828 billion during the first nine months of 2013, compared to $1.731 billion during the same period in 2012.

For the parent company, consulting revenues for the latest quarter were $1.437 billion, of which $365 million was from management consulting firm Oliver Wyman. The remainder of the consulting revenue was from Mercer, a subsidiary that provides consulting services in human resources, benefits, pensions and investments.