Earnings release
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MarshMcLennan NEWS RELEASE Media Contact : Erick R. Gustafson Marsh McLennan +1 202 263 7788 erick.gustafson@mmc.com Marsh McLennan 1166 Avenue of the Americas New York , New York 10036-2774 212 345 5000 www.marshmclennan.com Investor Contact : Sarah DeWitt Marsh McLennan +1 212 345 6750 sarah.dewitt@mmc.com MARSH MCLENNAN REPORTS THIRD QUARTER 2021 RESULTS GAAP Revenue Increases 16 % ; Underlying Revenue Rises 13 % Growth in GAAP Operating Income of 37 % and Adjusted Operating Income of 19 % Third Quarter EPS Rises to $ 1.05 from $ 0.62 and Adjusted EPS Increases 32 % to $ 1.08 Nine Months EPS Rises to $ 4.56 from $ 3.21 and Adjusted EPS Increases 28 % to $ 4.82 NEW YORK , October 21 , 2021 – Marsh McLennan ( NYSE : MMC ) , the world's leading professional services firm in the areas of risk , strategy and people , today reported financial results for the third quarter ended September 30 , 2021 . Dan Glaser , President and CEO , said : " We delivered another quarter of excellent results . For the second consecutive quarter , underlying growth was at the highest level in over two decades . We grew underlying revenue by 13 % , adjusted operating income by 19 % , and adjusted EPS by 32 % . For the first nine months of 2021 , we achieved 10 % underlying revenue growth , 21 % adjusted operating income growth , and 28 % adjusted EPS growth . " " Given the outstanding quarter and year - to - date performance , we are on track for a terrific year . " Consolidated Results 1 Consolidated revenue in the third quarter of 2021 was $ 4.6 billion , an increase of 16 % compared with the third quarter of 2020. On an underlying basis , revenue increased 13 % . Operating income was $ 740 million , an increase of 37 % from the prior year . Adjusted operating income , which excludes noteworthy items as presented in the attached supplemental schedules , rose 19 % to $ 759 million . Net income attributable to the Company was $ 537 million , or $ 1.05 per diluted share , compared with $ 0.62 in the third quarter of 2020. Adjusted earnings per share rose 32 % to $ 1.08 per diluted share compared with $ 0.82 for the prior year period .