Tags: US | Earns | Marsh | & | McLennan

Marsh & McLennan Profit Jumps 41 Percent on Consulting

Tuesday, 04 May 2010 09:01 AM

Marsh & McLennan says its first-quarter earnings jumped 41 percent as profitability improved in its consulting business.

The insurance broker and consulting company's earnings rose to $248 million, or 45 cents per share, for the three months ended March 31. That's up from $176 million, or 33 cents per share, a year ago.

Excluding one-time costs, Marsh & McLennan earned 51 cents per share, which was in line with analysts' expectations.

Marsh & McLennan says its revenue was $2.8 billion. That's better than the $2.69 billion forecast by analysts.

Its revenue was boosted by growth in the consulting division, which includes Mercer and Oliver Wyman Group.

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