Summary
Marsh & McLennan Companies, Inc. (MMC) demonstrated solid financial performance in 2013, reporting a consolidated revenue of $12.3 billion, an increase of 3% from the prior year. The company operates across two primary segments: Risk and Insurance Services (54% of revenue) and Consulting (46% of revenue). The Risk and Insurance Services segment, led by Marsh and Guy Carpenter, saw a 4% revenue increase, driven by growth in both brokerage and reinsurance operations. The Consulting segment, encompassing Mercer and Oliver Wyman Group, experienced a 2% revenue increase, with Mercer showing stronger growth compared to Oliver Wyman. Net income attributable to the Company rose to $1.36 billion, a 15% increase from 2012, resulting in diluted EPS of $2.43. The company also continued its share repurchase program, buying back $550 million in stock during 2013, signaling a commitment to returning value to shareholders. MMC's financial health appears robust, with a strong operating income and continued revenue growth across its diversified service offerings.
Financial Highlights
50 data points| Revenue | $12.26B |
| Operating Expenses | $10.18B |
| Operating Income | $2.08B |
| Interest Expense | $167.00M |
| Net Income | $1.36B |
| EPS (Basic) | $2.47 |
| EPS (Diluted) | $2.43 |
| Shares Outstanding (Basic) | 549.00M |
| Shares Outstanding (Diluted) | 558.00M |
Key Highlights
- 1Consolidated revenue grew by 3% to $12.3 billion in 2013.
- 2Net income attributable to the Company increased by 15% to $1.36 billion.
- 3Diluted Earnings Per Share (EPS) was $2.43 in 2013.
- 4Risk and Insurance Services segment revenue grew by 4%, with Marsh up 4% and Guy Carpenter up 5%.
- 5Consulting segment revenue increased by 2%, with Mercer up 4% and Oliver Wyman flat.
- 6The company repurchased $550 million of its common stock in 2013.
- 7Operating income increased by 14% to $2.1 billion.