Marsh & McLennan fourth quarter net income up
Wednesday, February 13, 2013 9:28 AM
Marsh & McLennan Cos. Inc. reported fourth-quarter net income of $259 million, up from $256 million in the fourth quarter of 2011.
Adjusted earnings per share for the quarter were 52 cents, an increase from 46 cents for the year-ago period. The company's adjusted operating income for the quarter rose 10 percent. Adjusted earnings per share for 2012 increased 21 percent to $2.15, or 16 percent excluding the impact of $72 million of expense from the early extinguishment of debt in 2011.
Marsh U.S. Consumer, the insurance brokerage arm of the global professional services firm, employs approximately 1,800 people at its operations center in Urbandale.