Marsh & McLennan beats Q2 revenue, profit estimates helped by risk management services
MMC•Quarterly results
- US insurance broker and consulting firm's Q2 revenue rose 6%, beating analyst expectations
- Adjusted EPS for Q2 increased 9% to $2.96, beating analyst expectations
- Company repurchased $750 mln in shares during the quarter
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $7.40 bln | $7.28 bln (15 Analysts) |
| Q2 Adjusted EPS | Beat | $2.96 | $2.90 (22 Analysts) |
| Q2 EPS | $2.63 | ||
| Q2 Operating Expenses | $5.51 bln |
Business drivers and outlook
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CONSULTING GROWTH - Consulting revenue rose 10%, or 8% on an underlying basis, led by Marsh Management Consulting and Mercer Wealth
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RISK & INSURANCE SERVICES - Modest growth in Risk & Insurance Services, with Marsh Risk underlying revenue up 4% and all regions contributing
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STRONG DEMAND - CEO said results reflect strong demand for Marsh’s expertise across risk, people, strategy, and investments
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Company did not provide specific guidance or forecasts for future quarters or full year
