* Fourth-quarter adj earnings $0.52/share, in line with
* Total revenue rises 3 pct to $3 bln
* Revenue at core insurance segment rises 4 pct
Feb 12 Marsh & McLennan Co Inc's
fourth-quarter profit rose 2 percent, helped by growth in its
core insurance business.
The insurance broker reported a profit of $259 million, or
47 cents per share, up from $256 million, or 46 cents per share,
a year earlier.
Fourth-quarter income from continuing operations rose 8.6
percent to $265 million, or 48 cents per share.
On an adjusted basis, the company earned 52 cents per share.
Total revenue at the company, which provides management
consulting, human resource consulting, outsourcing, and risk and
reinsurance intermediary services, rose 3 percent to $3 billion.
Analysts on average expected the company to earn 52 cents
per share on revenue of $3 billion, according to Thomson Reuters
Revenue at Marsh, the company's main insurance business,
grew 4 percent to $1.42 billion, while revenue from consulting
increased 3 percent to $1.38 billion.
The company, which has a market capitalization of $19.89
billion, competes with Aon Plc in negotiating insurance
and reinsurance policies for corporate clients.
Earlier this month, Aon posted a profit above market
expectations as margin pressures eased at its human resource
Shares of Marsh & McLennan, which have risen 4 percent since
it reported third-quarter results in November, closed at $36.35
on Monday on the New York Stock Exchange.