UPDATE: Marsh & McLennan Q2 Net Profit Surges 18%

Marsh & McLennan Companies

reported an 18% rise in its second-quarter profit. Marsh & McLennan's quarterly profit surged to $388 million, or $0.69 per share, from $329 million, or $0.59 per share, in the year-ago period. Its adjusted earnings came in at $0.72 per share. Its revenue rose 2% to $3.08 billion, while operating margin rose to 18.7% from 17.1%. Marsh & McLennan shares closed at $42.01 yesterday.