NEW YORK (
Marsh & McLennan
said fourth-quarter earnings rose on an adjusted basis from strong performance at its risk and insurance services segment.
Marsh & McLennan earned 38 cents a share, excluding special items, vs. 36 cents a year earlier. The company posted revenue of $2.7 billion compared with $2.6 billion a year ago.
Analysts surveyed by Thomson Reuters estimated fourth-quarter earnings of 37 cents a share.
Marsh & McLennan said while its consulting segment was most directly affected by the economic environment in 2009, its businesses were well-managed during the period. Its Guy Carpenter operation had an excellent year, the company said in a statement Wednesday.
Operating income in the fourth quarter rose 22% to $127 million at its risk and insurances services business.
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