By Allison Prang
Marsh & McLennan Cos. saw first-quarter profit rise by almost a third and its top line rise more than 9% with the company reporting double-digit revenue growth for its risk and insurance services business.
The consulting and risk and insurance service company's earnings attributable to the company increased 30% for the three-month period, rising to $983 million. Earnings were $1.91 a share, up from $1.48 a share a year ago.
Adjusted earnings were $1.99 a share. According to FactSet, Wall Street was expecting $1.71 a share.
Revenue at Marsh & McLennan was $5.08 billion, an increase from $4.65 billion the comparable quarter a year ago. Analysts were expecting $4.79 billion. Total risk and insurance services revenue rose 11% and consulting revenue rose a little over 6%.
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(END) Dow Jones Newswires
April 27, 2021 07:35 ET (11:35 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.