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Marsh & McLennan Tops Street Estimates

Marsh & McLennan said fourth-quarter earnings rose on an adjusted basis from strong performance at its risk and insurance services segment.
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NEW YORK (

TheStreet

) --

Marsh & McLennan

(MMC) - Get Marsh & McLennan Companies, Inc. (MMC) Report

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.

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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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