Guy Carp reports 6 percent increase in Q4

Guy Carpenter, the reinsurance broking segment of Marsh & McLennan, reported revenues of $209 million, an increase of 6 percent in quarter 4 of 2013, attributable to growth in North America, International, global specialties and UK facultative.

“Guy Carpenter generated underlying revenue growth of 6 percent, its best performance in 2013,” said Dan Glaser, president and CEO of Marsh & McLennan.

Risk and insurance services revenue for the quarter reached $1.6 billion, an increase of 4 percent on both a reported and underlying basis. Adjusted operating income increased 9 percent to $327 million.

For the full year, risk and insurance segment revenue was $6.6 billion in 2013, compared with $6.3 billion in 2012, an increase of 4 percent, or 3 percent on an underlying basis. Guy Carpenter contributed $1.1 billion of revenue in 2013 and $1 billion in 2012 to the total.

For the fourth consecutive year, the segment also achieved double-digit growth in adjusted operating income which rose 11 percent to $1.5 billion in 2013, compared with $1.3 billion in 2012.

“For the full year, Marsh & McLennan Companies’ results were outstanding. On a consolidated basis, adjusted operating income grew 14 percent, and the consolidated margin increased 180 basis points to 17.4 percent from 15.6 percent. Guy Carpenter’s results for the year were excellent, with underlying revenue growth of 5 percent.”