MMC Q2 Revenue Up 20%; Marsh Up 23%

July 22, 2021

Global insurance and professional services firm Marsh McLennan (MMC) reported financial results for the second quarter ended June 30, 2021, including consolidated revenue of 2021 of $5.0 billion, an increase of 20% compared with the second quarter of 2020.

MMC consolidated net income for the second quarter was $820 million compared with $1.12 in the second quarter of 2020. For the six months ended June 30, 2021, consolidated revenue was $10.1 billion, an increase of 14%, and net income was $1.8 billion.

“Our performance this quarter was outstanding,” said Dan Glaser, president and CEO.

The Risk & Insurance Services division revenue was $3.1 billion in the second quarter of 2021, an increase of 21%.

In this division, insurance broker Marsh had revenue of $2.7 billion, an increase of 23% on a GAAP basis or 14% on an underlying basis. For the six months ended June 30, 2021, Marsh’s underlying revenue growth was 11% compared to the prior period a year ago.

(Correction: An earlier version incorrectly reported the increase in Marsh revenue on a GAAP basis as 14%, not 23%.)

Reinsurance broker Guy Carpenter’s revenue was $488 million, an increase of 12%. For the six months ended June 30, 2021, Guy Carpenter’s underlying revenue growth was 8%.

Consulting revenue for Mercer and Oliver Wyman in the second quarter was $1.9 billion, an increase of 17%.

Source: Marsh McLennan

Topics Profit Loss Marsh McLennan

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