Marsh 1Q income down 36%
Marsh & McLennan Cos. today reported that first-quarter income declined by 36% to $268 million, compared to $416 million for the same period a year ago.
Marsh & McLennan Cos. today reported that first-quarter income declined by 36% to $268 million, compared to $416 million for the same period a year ago.
However, overall revenues for the New York-based insurance broker increased 5% to $2.81 billion.
Quarterly results “met our overall corporate performance expectations,” said chief executive Michael Cherkasky in a statement.
Marsh today also authorized the buyback of up to $500 million of its stock.
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