Marsh & McLennan Companies Inc. $(MMC)$, a global leader in professional services in risk, strategy, and people, announced its financial results for the second quarter ending June 30, 2025. The company reported consolidated revenue of $7.0 billion, marking a 12% increase from the second quarter of 2024, or 4% on an underlying basis. Operating income increased by 11% to $1.8 billion, while adjusted operating income rose 14% to $2.1 billion. Net income attributable to the company was reported at $1.2 billion, with earnings per share increasing by 8% to $2.45. Adjusted earnings per share saw an 11% rise to $2.72. For the first half of 2025, the company generated consolidated revenue of $14.0 billion, an 11% increase on a GAAP basis, or 4% on an underlying basis, compared to the same period in the previous year. Net income for this period was $2.6 billion, or $5.23 per diluted share, compared to $5.08 in the first six months of 2024. Adjusted earnings per share increased by 8% to $5.78. In the Risk & Insurance Services segment, second-quarter revenue reached $4.6 billion, reflecting a 15% increase, or 4% on an underlying basis. Operating income for this segment increased by 11% to $1.4 billion, with adjusted operating income rising 16% to $1.6 billion. Notably, Marsh's revenue within this segment grew 18% to $3.8 billion, with international operations contributing significantly to this growth, including an 8% increase in EMEA and a 4% increase in Asia Pacific. Marsh & McLennan also announced a 10% increase in its dividend, highlighting the company's solid performance and ongoing growth momentum across its business operations.
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