Marsh & McLennan has reported financial results for the third quarter and nine months of 2006. Consolidated revenues for the quarter were $2.9 billion, an increase of four percent from the 2005 third quarter. Consolidated net income more than doubled to $176 million from $69 million last year.

For the first nine months of 2006, consolidated revenues were $8.9 billion, compared with $8.8 billion for the same period of 2005. Consolidated net income was $764 million compared with $369 million in 2005. Results from discontinued operations, net of tax, were $173 million, resulting primarily from MMC's sale of its investment in Sedgwick Claims Management in January 2006.

“MMC had a good third quarter,” said Michael Cherkasky, president and chief executive officer of MMC. “Consolidated revenue growth was the highest we have achieved in two years. Our efforts to become more efficient across MMC produced substantially improved year-over-year profitability and margin, a continuation of the positive trends begun earlier this year.”