Profits rebound for Marsh owner in 2018
Global giant’s revenue rises 6.6%.
Marsh & McLennan Companies (MMC) has posted profit of $1.65bn [£1.26bn] for 2018, up 10.5% from $1.49bn the year before when it was hit by substantial tax and pension costs.
The increase came as revenue rose by 6.6% to $14.95bn.
The breakdown of the figures showed the risk and insurance services division achieved a 7.8% uplift in revenue to $8.23bn. Operating income for the unit also rose by a similar 7.7% to $1.86bn.
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The parent company did not supply figures for the UK.
However
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