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Marsh parent company reports increasing profit

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Revenues up at US-based firm.

Marsh & McLennan has reported profits of $1.36bn [£827m] for 2013 up from $1.18bn the year before.

In the year to 31 December revenue also increased to $12.26bn from $11.92bn in 2012.

For the final quarter of last year the company delivered $303m of profit on revenue of $3.12bn.

The breakdown of the figures for the three month period revealed that Marsh itself contributed $1.42bn of revenue, with the Europe, Middle East and Africa division responsible for $466m of that total.

Dan Glaser

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