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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.50 697.53 Td (1) Tj ET Q q 0 0 0 rg BT 433.36 697.53 Td (166 ) Tj ET Q q 0 0 0 rg BT 448.48 697.53 Td (A) Tj ET Q q 0 0 0 rg BT 453.68 697.53 Td (venue of the ) Tj ET Q q 0 0 0 rg BT 499.49 697.53 Td (Americas) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.50 687.93 Td (New ) Tj ET Q q 0 0 0 rg BT 447.58 687.93 Td (Y) Tj ET Q q 0 0 0 rg BT 452.18 687.93 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 485.82 687.93 Td (Y) Tj ET Q q 0 0 0 rg BT 490.43 687.93 Td (ork 10036-2774) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.50 678.33 Td (212 345 5000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.50 668.73 Td (www) Tj ET Q q 0 0 0 rg BT 446.39 668.73 Td (.mmc.com) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 167.00 0 0 73.61 32.50 669.17 cm /I1 Do Q BT /F3 20.00 Tf ET q 0 0 0 rg BT 50.00 617.75 Td (NEWS RELEASE) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 30.50 573.47 Td (Media Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 30.50 563.47 Td (Laura Cora ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 30.50 553.47 Td (Marsh & McLennan Companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 30.50 541.47 Td (+1 212 345 2731) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 30.5 528.0439453125 m 128.44921875 528.0439453125 l s q 0 0 1 rg BT 30.50 529.47 Td (laura.cora@mmc.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 380.50 569.87 Td (Investor Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.50 559.87 Td (Keith W) Tj ET Q q 0 0 0 rg BT 415.14 559.87 Td (alsh) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.50 549.87 Td (Marsh & McLennan Companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 380.50 539.87 Td (+1 212 345 0057) Tj ET Q BT /F3 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 380.5 528.4439453125 m 483.44921875 528.4439453125 l s q 0 0 1 rg BT 380.50 529.87 Td (keith.walsh@mmc.com) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F4 11.00 Tf ET q 0 0 0 rg BT 64.95 472.95 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 215.69 472.95 Td (ANIES REPORTS FOURTH QUARTER 2012 RESUL) Tj ET Q q 0 0 0 rg BT 478.91 472.95 Td (TS) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 459.75 Td () Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 87.55 434.20 Td (GAAP) Tj ET Q q 0 0 0 rg BT 118.92 434.20 Td ( EPS Increases to $.47 for the Fourth Quarter and $2.13 for the ) Tj ET Q q 0 0 0 rg BT 446.98 434.20 Td (Y) Tj ET Q q 0 0 0 rg BT 453.91 434.20 Td (ear) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 56.15 408.70 Td (Adjusted EPS Grows 13% to $.52 for the Fourth Quarter and 21% to $2.15 for the ) Tj ET Q q 0 0 0 rg BT 478.32 408.70 Td (Y) Tj ET Q q 0 0 0 rg BT 485.25 408.70 Td (ear) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.70 383.20 Td () Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 82.20 383.20 Td (Excellent Full-Y) Tj ET Q q 0 0 0 rg BT 163.70 383.20 Td (ear Results Reflect Growth ) Tj ET Q q 0 0 0 rg BT 306.94 383.20 Td (Across ) Tj ET Q q 0 0 0 rg BT 346.89 383.20 Td (All Operating Companies) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 340.85 Td (NEW ) Tj ET Q q 0 0 0 rg BT 78.52 340.85 Td (YORK) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 110.30 340.85 Td (, February 12, 2013 - Marsh & McLennan Companies, Inc. \(NYSE: MMC\), a ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (global professional services firm providing advice and solutions in risk, strategy and human ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 302.55 Td (capital, today reported financial results for the fourth quarter and year ended December 31, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 283.40 Td (2012. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 264.30 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 245.15 Td (Dan Glaser) Tj ET Q q 0 0 0 rg BT 105.03 245.15 Td (, President and CEO, said: W) Tj ET Q q 0 0 0 rg BT 252.16 245.15 Td (e are pleased with Marsh & McLennan Companies' ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 226.00 Td (performance. ) Tj ET Q q 0 0 0 rg BT 117.26 226.00 Td (Adjusted operating income rose 10% in the fourth quarter) Tj ET Q q 0 0 0 rg BT 395.48 226.00 Td (. For the third ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 206.85 Td (consecutive year) Tj ET Q q 0 0 0 rg BT 131.94 206.85 Td (, both Risk and Insurance Services and Consulting achieved double-digit ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 187.70 Td (growth in adjusted operating income, contributing to overall growth of 12%.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 168.60 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 149.45 Td (Marsh's results in 2012 were excellent. Underlying revenue grew 5%. ) Tj ET Q q 0 0 0 rg BT 393.06 149.45 Td (This performance was ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 130.30 Td (driven by growth in new business and continued high client revenue retention rates. Guy ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 111.15 Td (Carpenter's underlying revenue growth of 6% marked its highest increase in several ) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 741.00 Td (years. In Consulting, both Mercer and Oliver W) Tj ET Q q 0 0 0 rg BT 278.55 741.00 Td (yman contributed to the segment's growth in ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 721.90 Td (revenue and profitability in 2012. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 702.75 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td (W) Tj ET Q q 0 0 0 rg BT 63.85 683.60 Td (e look forward to the next chapter in our journey to become one of the world's elite ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 664.45 Td (enterprises. W) Tj ET Q q 0 0 0 rg BT 120.71 664.45 Td (e will strive to provide outstanding, innovative services to clients, make Marsh ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 645.30 Td (& McLennan Companies a great place to work for our colleagues and deliver long-term ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 626.20 Td (profitable growth for shareholders, concluded Mr) Tj ET Q q 0 0 0 rg BT 289.07 626.20 Td (. Glaser) Tj ET Q q 0 0 0 rg BT 326.97 626.20 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 607.05 Td () Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 50 586.331640625 m 153.94677734375 586.331640625 l s q 0 0 0 rg BT 50.00 587.90 Td (Consolidated Results) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 568.75 Td (Consolidated revenue in the fourth quarter of 2012 was $3 billion, an increase of 3% on both ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 549.60 Td (a reported and underlying basis compared with the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 398.95 549.60 Td (1. Underlying revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 530.50 Td (measures the change in revenue using consistent currency exchange rates, excluding the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 511.35 Td (impact of certain items such as acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 490.21 511.35 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (Operating income rose 4% to $406 million, compared with $391 million in the prior year ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 473.05 Td (period. ) Tj ET Q q 0 0 0 rg BT 86.08 473.05 Td (Adjusted operating income, which excludes noteworthy items as presented in the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 453.90 Td (attached supplemental schedules, rose 10% in the fourth quarter to $450 million. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 434.80 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 415.65 Td (Income from continuing operations was $265 million, or $.47 per share, in the fourth quarter) Tj ET Q q 0 0 0 rg BT 494.53 415.65 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 396.50 Td (This compares with $244 million, or $.44 per share, in the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 431.33 396.50 Td (1. Net income ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 377.35 Td (was $259 million, compared with $256 million in the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 402.60 377.35 Td (1. ) Tj ET Q q 0 0 0 rg BT 414.22 377.35 Td (Adjusted earnings ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 358.20 Td (per share in the quarter was $.52, an increase of 13% from $.46 in the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 493.12 358.20 Td (1. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (For the full year 2012, revenue increased 3% to $1) Tj ET Q q 0 0 0 rg BT 296.22 321.70 Td (1.9 billion, or 4% on an underlying basis. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 302.55 Td (Operating income rose 12% to $1.8 billion, compared with $1.6 billion in the prior year) Tj ET Q q 0 0 0 rg BT 466.40 302.55 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 283.40 Td (Adjusted operating income also grew 12%, to $1.9 billion. Income from continuing operations ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (was $1.2 billion, or $2.13 per share, compared with $982 million, or $1.73 per share, in 201) Tj ET Q q 0 0 0 rg BT 491.89 264.25 Td (1. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (Adjusted earnings per share for 2012 increased 21% to $2.15, or 16% excluding the impact of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 226.00 Td ($72 million of expense from the early extinguishment of debt in 201) Tj ET Q q 0 0 0 rg BT 375.71 226.00 Td (1. ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 50 721.381640625 m 189.39599609375 721.381640625 l s q 0 0 0 rg BT 50.00 722.95 Td (Risk and Insurance Services) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 703.80 Td (Risk and Insurance Services revenue increased 3% to $1.6 billion in the fourth quarter of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 684.65 Td (2012. Operating income increased 6% to $322 million, compared with $304 million. ) Tj ET Q q 0 0 0 rg BT 459.06 684.65 Td (Adjusted ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 665.55 Td (operating income in the quarter increased 8% to $312 million from $290 million. For the year) Tj ET Q q 0 0 0 rg BT 497.57 665.55 Td (, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 646.40 Td (Risk and Insurance Services revenue was $6.6 billion, an increase of 4% from the prior year) Tj ET Q q 0 0 0 rg BT 496.95 646.40 Td (, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 627.25 Td (or 5% on an underlying basis. ) Tj ET Q q 0 0 0 rg BT 197.37 627.25 Td (Adjusted operating income rose 12% to $1.3 billion from $1.2 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (billion.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 588.95 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 569.85 Td (Marsh's revenue in the fourth quarter of 2012 was $1.4 billion, an increase of 4%, or 3% on an ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 550.70 Td (underlying basis. International operations had underlying revenue growth of 5% in the fourth ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 531.55 Td (quarter) Tj ET Q q 0 0 0 rg BT 84.25 531.55 Td (, reflecting growth of 13% in Latin ) Tj ET Q q 0 0 0 rg BT 249.34 531.55 Td (America and 3% in both EMEA) Tj ET Q q 0 0 0 rg BT 399.75 531.55 Td ( and ) Tj ET Q q 0 0 0 rg BT 423.61 531.55 Td (Asia Pacific. In ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 512.40 Td (the United States/Canada division, underlying revenue was flat. For the year) Tj ET Q q 0 0 0 rg BT 420.55 512.40 Td (, Marsh's revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (was $5.5 billion, an increase of 5% on both a reported and underlying basis. Guy Carpenter's ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 474.15 Td (fourth quarter revenue was $198 million, an increase of 3% on both a reported and underlying ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 455.00 Td (basis from the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 221.00 455.00 Td (1. For the year) Tj ET Q q 0 0 0 rg BT 291.92 455.00 Td (, Guy Carpenter's revenue was $1.1 billion, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 435.85 Td (an increase of 4%, or 6% on an underlying basis.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 416.70 Td () Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 50 395.981640625 m 101.97607421875 395.981640625 l s q 0 0 0 rg BT 50.00 397.55 Td (Consulting) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 378.45 Td (Consulting segment revenue was $1.4 billion in the fourth quarter) Tj ET Q q 0 0 0 rg BT 366.75 378.45 Td (, an increase of 3% on both ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 359.30 Td (a reported and underlying basis from the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 349.42 359.30 Td (1. Operating income was $128 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 340.15 Td (million in the fourth quarter) Tj ET Q q 0 0 0 rg BT 179.63 340.15 Td (, compared with $147 million in the prior year) Tj ET Q q 0 0 0 rg BT 397.90 340.15 Td (, and adjusted ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 321.00 Td (operating income was $179 million, an increase of 8% from $166 million. For the year) Tj ET Q q 0 0 0 rg BT 464.55 321.00 Td (, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 301.85 Td (segment revenue increased 2% from the prior year period to $5.4 billion, or 4% on an ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 282.75 Td (underlying basis. ) Tj ET Q q 0 0 0 rg BT 135.00 282.75 Td (Adjusted operating income rose 14% to $707 million, compared with $619 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 263.60 Td (million in 201) Tj ET Q q 0 0 0 rg BT 113.38 263.60 Td (1. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 227.05 Td (Mercer's revenue increased 7% to $1 billion in the fourth quarter of 2012, an increase of 6% ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 207.90 Td (on an underlying basis. Investments, with revenue of $133 million, had underlying revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 188.75 Td (growth of 10%; Health & Benefits, with revenue of $247 million, rose 9%; Outsourcing, with ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 169.65 Td (revenue of $187 million, increased 8%; Retirement, with revenue of $269 million, was up 3%; ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 150.50 Td (and ) Tj ET Q q 0 0 0 rg BT 71.21 150.50 Td (T) Tj ET Q q 0 0 0 rg BT 76.71 150.50 Td (alent, Rewards & Communications, with revenue of $168 million, was unchanged from ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 131.35 Td (the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 167.21 131.35 Td (1. For the year) Tj ET Q q 0 0 0 rg BT 238.13 131.35 Td (, Mercer's revenue was $3.9 billion, an increase of 4% ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 112.20 Td (on both a reported and underlying basis. Oliver W) Tj ET Q q 0 0 0 rg BT 292.04 112.20 Td (yman's revenue was $378 million) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 721.90 Td (in the fourth quarter of 2012, or a decrease of 3% on an underlying basis. For the year) Tj ET Q q 0 0 0 rg BT 471.31 721.90 Td (, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 702.75 Td (revenue was $1.5 billion, or an increase of 3% on an underlying basis. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 683.60 Td () Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 50 662.881640625 m 107.4599609375 662.881640625 l s q 0 0 0 rg BT 50.00 664.45 Td (Other Items) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 645.30 Td (The Company had investment income of $4 million in the fourth quarter of 2012, compared ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 626.20 Td (with an investment loss of $4 million in the fourth quarter of 201) Tj ET Q q 0 0 0 rg BT 357.35 626.20 Td (1.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 366.52 626.20 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 369.27 626.20 Td (At the end of 2012, cash ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 607.05 Td (and cash equivalents was $2.3 billion, compared with $2.1 billion at the end of 201) Tj ET Q q 0 0 0 rg BT 449.72 607.05 Td (1. Net debt, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 587.90 Td (which is total debt less cash and cash equivalents, was $617 million, compared with $815 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 568.75 Td (million at the end of 201) Tj ET Q q 0 0 0 rg BT 165.98 568.75 Td (1. In the fourth quarter) Tj ET Q q 0 0 0 rg BT 277.28 568.75 Td (, the Company repurchased 1.4 million shares ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 549.60 Td (of its common stock for $50 million. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 530.50 Td () Tj ET Q BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 50 509.781640625 m 128.87451171875 509.781640625 l s q 0 0 0 rg BT 50.00 511.35 Td (Conference Call) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 492.20 Td (A) Tj ET Q q 0 0 0 rg BT 56.73 492.20 Td ( conference call to discuss fourth quarter 2012 results will be held today at 8:30 a.m. Eastern ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 473.05 Td (time. ) Tj ET Q q 0 0 0 rg BT 76.69 473.05 Td (T) Tj ET Q q 0 0 0 rg BT 82.19 473.05 Td (o participate in the teleconference, please dial +1 888 296 4206. Callers from outside ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 453.90 Td (the United States should dial +1 719 325 4827. ) Tj ET Q q 0 0 0 rg BT 281.89 453.90 Td (The access code for both numbers is ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 434.80 Td (8107749. ) Tj ET Q q 0 0 0 rg BT 98.74 434.80 Td (The live audio webcast may be accessed at ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 314.57470703125 433.231640625 m 388.5185546875 433.231640625 l s q 0 0 1 rg BT 314.57 434.80 Td (www) Tj ET Q q 0 0 1 rg BT 337.80 434.80 Td (.mmc.com) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 388.52 434.80 Td (. ) Tj ET Q q 0 0 0 rg BT 397.08 434.80 Td (A) Tj ET Q q 0 0 0 rg BT 403.81 434.80 Td ( replay of the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 415.65 Td (webcast will be available approximately two hours after the event. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 396.50 Td () Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 377.35 Td (About Marsh & McLennan Companies) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 340.80 Td (Marsh & McLennan Companies \(NYSE: MMC\) is a global team of professional services ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (companies of) Tj ET Q q 0 0 0 rg BT 115.23 321.70 Td (fering clients advice and solutions in the areas of risk, strategy) Tj ET Q q 0 0 0 rg BT 417.07 321.70 Td (, and human ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 302.55 Td (capital. ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 87.9091796875 300.981640625 m 118.470703125 300.981640625 l s q 0 0 1 rg BT 87.91 302.55 Td (Marsh) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 118.47 302.55 Td ( is a global leader in insurance broking andrisk management; ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 421.142578125 300.981640625 m 493.287109375 300.981640625 l s q 0 0 1 rg BT 421.14 302.55 Td (Guy Carpenter) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 493.29 302.55 Td ( is ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 283.40 Td (a global leader in providing risk and reinsurance intermediary services; ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 396.671875 281.831640625 m 430.896484375 281.831640625 l s q 0 0 1 rg BT 396.67 283.40 Td (Mercer) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 430.90 283.40 Td ( is a global ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (leader in talent, health, retirement, and investment consulting; and ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 374.693359375 262.681640625 m 443.658203125 262.681640625 l s q 0 0 1 rg BT 374.69 264.25 Td (Oliver W) Tj ET Q q 0 0 1 rg BT 416.76 264.25 Td (yman) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 443.66 264.25 Td ( is a global ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 245.10 Td (leader in management consulting. Marsh & McLennan Companies' over 53,000 colleagues ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 226.00 Td (worldwide provide analysis, advice and transactional capabilities to clients in more than 100 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 206.85 Td (countries. ) Tj ET Q q 0 0 0 rg BT 100.55 206.85 Td (The Company prides itself on being a responsible ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 345.130859375 205.28164062500002 m 425.8369140625 205.28164062500002 l s q 0 0 1 rg BT 345.13 206.85 Td (corporate citizen) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 425.84 206.85 Td ( and making a ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 187.70 Td (positive impact in the communities in which it operates. V) Tj ET Q q 0 0 0 rg BT 327.98 187.70 Td (isit ) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 344.48095703125 186.13164062500005 m 418.4248046875 186.13164062500005 l s q 0 0 1 rg BT 344.48 187.70 Td (www) Tj ET Q q 0 0 1 rg BT 367.71 187.70 Td (.mmc.com) Tj ET Q BT /F3 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 418.42 187.70 Td ( for more ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 168.55 Td (information.) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 145.75 Td (This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 492.21 145.75 Td (Act ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 134.95 Td (of 1995. ) Tj ET Q q 0 0 0 rg BT 84.87 134.95 Td (These statements, which express management's current views concerning future events or results, use ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 124.15 Td (words like anticipate, assume, believe, continue, estimate, expect, future, intend, plan, project and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 113.35 Td (similar terms, and future or conditional tense verbs like could, may) Tj ET Q q 0 0 0 rg BT 321.94 113.35 Td (, might, should, will and would. For ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 102.55 Td (example, we may use forward-looking statements when addressing topics such as: the outcome of contingencies; ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 91.75 Td (the expected impact of acquisitions and dispositions; pension obligations; market and industry conditions; the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 80.95 Td (impact of foreign currency exchange rates; our ef) Tj ET Q q 0 0 0 rg BT 245.44 80.95 Td (fective tax rates; the impact of competition; changes in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 70.15 Td (business strategies and methods of generating revenue; the development and performance of our services and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 59.35 Td (products; changes in the composition or level of our revenues; our cost structure, dividend policy) Tj ET Q q 0 0 0 rg BT 433.04 59.35 Td (, cash flow and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 48.55 Td (liquidity; future actions by regulators; and the impact of changes in accounting rules. ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 731.65 Td (Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 720.85 Td (to dif) Tj ET Q q 0 0 0 rg BT 69.35 720.85 Td (fer materially from those expressed or implied in our forward-looking statements include, among other things: ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 695.89 cm /I2 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 698.05 Td (our exposure to potential liabilities arising from errors and omissions claims against us, particularly in our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 687.25 Td (Marsh and Mercer businesses in the U.S. and the U.K.; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 673.09 cm /I3 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 675.25 Td (our ability to make strategic acquisitions and dispositions and to integrate, and realize expected ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 664.45 Td (synergies, savings or strategic benefits from the businesses we acquire; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 650.29 cm /I4 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 652.45 Td (changes in the funded status of our global defined benefit pension plans and the impact of any increased ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 641.65 Td (pension funding resulting from those changes; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 627.49 cm /I5 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 629.65 Td (the impact of any regional, national or global political, economic, regulatory or market conditions on our ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 618.85 Td (results of operations and financial condition, including the European debt crisis and market perceptions ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 608.05 Td (concerning the stability of the Euro; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 593.89 cm /I6 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 596.05 Td (the impact of changes in interest rates and deterioration of counterparty credit quality on our results ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 585.25 Td (related to our cash balances and investment portfolios, including corporate and fiduciary funds; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 571.09 cm /I7 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 573.25 Td (the impact on our net income caused by fluctuations in foreign currency exchange rates;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 559.09 cm /I8 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 561.25 Td (the impact on our net income or cash flows and our ef) Tj ET Q q 0 0 0 rg BT 299.95 561.25 Td (fective tax rate in a particular period caused by ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 550.45 Td (settled tax audits and expired statutes of limitation; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 536.29 cm /I9 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 538.45 Td (the extent to which we retain existing clients and attract new business, and our ability to incentivize and ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 527.65 Td (retain key employees; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 513.49 cm /I10 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 515.65 Td (our exposure to potential criminal sanctions or civil remedies if we fail to comply with foreign and U.S. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 504.85 Td (laws and regulations that are applicable to our international operations, including trade sanctions laws ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 494.05 Td (such as the Iran ) Tj ET Q q 0 0 0 rg BT 152.38 494.05 Td (Threat Reduction and Syria Human Rights ) Tj ET Q q 0 0 0 rg BT 323.46 494.05 Td (Act of 2012, anti-corruption laws such as the ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 483.25 Td (U.S. Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 210.55 483.25 Td (Act and the UK Bribery ) Tj ET Q q 0 0 0 rg BT 304.09 483.25 Td (Act 2010, local laws prohibiting corrupt payments ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 472.45 Td (to government of) Tj ET Q q 0 0 0 rg BT 153.38 472.45 Td (ficials, as well as import and export restrictions; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 458.29 cm /I11 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 460.45 Td (the impact of competition, including with respect to our geographic reach, the sophistication and quality of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 449.65 Td (our services, our pricing relative to competitors, our customers' option to self-insure or utilize internal ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 438.85 Td (resources instead of consultants, and our corporate tax rates relative to our competitors; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 424.69 cm /I12 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 426.85 Td (the potential impact of rating agency actions on our cost of financing and ability to borrow) Tj ET Q q 0 0 0 rg BT 439.71 426.85 Td (, as well as on ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 416.05 Td (our operating costs and competitive position; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 401.89 cm /I13 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 404.05 Td (our ability to successfully recover should we experience a disaster or other business continuity problem; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 389.89 cm /I14 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 392.05 Td (our ability to maintain adequate physical, technical and administrative safeguards to protect the security of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 381.25 Td (our data; ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 367.09 cm /I15 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 369.25 Td (changes in applicable tax or accounting requirements; and ) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 355.09 cm /I16 Do Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 357.25 Td (potential income statement ef) Tj ET Q q 0 0 0 rg BT 203.40 357.25 Td (fects from the application of F) Tj ET Q q 0 0 0 rg BT 320.96 357.25 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 347.19 357.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 368.04 357.25 Td (T) Tj ET Q q 0 0 0 rg BT 372.54 357.25 Td (opic No. 740 \(Income ) Tj ET Q q 0 0 0 rg BT 463.42 357.25 Td (T) Tj ET Q q 0 0 0 rg BT 467.92 357.25 Td (axes\) ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 346.45 Td (regarding accounting treatment of uncertain tax benefits and valuation allowances, including the ef) Tj ET Q q 0 0 0 rg BT 477.09 346.45 Td (fect of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 86.00 335.65 Td (any subsequent adjustments to the estimates we use in applying this accounting standard. ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 324.85 Td ( ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 314.05 Td (The factors identified above are not exhaustive. Marsh & McLennan Companies and its subsidiaries operate in a ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td (dynamic business environment in which new risks may emerge frequently) Tj ET Q q 0 0 0 rg BT 342.46 303.25 Td (. ) Tj ET Q q 0 0 0 rg BT 346.96 303.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 392.82 303.25 Td (, we caution readers not to ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 292.45 Td (place undue reliance on the above forward-looking statements, which speak only as of the dates on which they are ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 281.65 Td (made. ) Tj ET Q q 0 0 0 rg BT 77.35 281.65 Td (The Company undertakes no obligation to update or revise any forward-looking statement to reflect events ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 270.85 Td (or circumstances arising after the date on which it is made. Further information concerning Marsh & McLennan ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 260.05 Td (Companies and its businesses, including information about factors that could materially af) Tj ET Q q 0 0 0 rg BT 406.53 260.05 Td (fect our results of ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (operations and financial condition, is contained in the Company's filings with the Securities and Exchange ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.00 238.45 Td (Commission, including the Risk Factors section of our most recently filed ) Tj ET Q q 0 0 0 rg BT 347.11 238.45 Td (Annual Report on Form 10-K.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.95 729.75 Td (Consolidated Statements of Income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.00 717.75 Td (\(In millions, except per share figures\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 252.85 705.75 Td (\(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 648.25 m 336.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336.5 648.25 m 340.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 648.25 m 387.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 648.25 m 439.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 439.5 648.25 m 443.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 648.25 m 489.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 648.25 m 336.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 634.25 m 336.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 336.5 648.25 m 340.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 648.25 m 387.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 634.25 m 387.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 634.25 m 336.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 620.25 m 336.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 634.25 m 387.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 620.25 m 387.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 634.25 m 439.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 620.25 m 439.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 634.25 m 489.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 620.25 m 489.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 567.25 m 336.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 567.25 m 387.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 567.25 m 439.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 567.25 m 489.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 567.25 m 336.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 553.25 m 336.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 567.25 m 387.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 553.25 m 387.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 567.25 m 439.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 553.25 m 439.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 567.25 m 489.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 553.25 m 489.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 455.25 m 336.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 455.25 m 387.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 455.25 m 439.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 455.25 m 489.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 455.25 m 336.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 455.25 m 387.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 455.25 m 439.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 455.25 m 489.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 415.25 m 336.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 415.25 m 387.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 415.25 m 439.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 415.25 m 489.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 415.25 m 336.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 415.25 m 387.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 415.25 m 439.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 415.25 m 489.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 374.25 m 336.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 374.25 m 387.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 374.25 m 439.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 374.25 m 489.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 285.5 374.25 m 336.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 374.25 m 387.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391.5 374.25 m 439.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 443.5 374.25 m 489.5 374.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 324.25 m 336.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 324.25 m 387.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 324.25 m 439.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 324.25 m 489.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 305.25 m 336.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 303.25 m 336.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 305.25 m 387.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 303.25 m 387.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 305.25 m 439.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 303.25 m 439.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 305.25 m 489.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 303.25 m 489.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 271.25 m 387.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 269.25 m 387.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 271.25 m 439.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 269.25 m 439.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 271.25 m 489.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 269.25 m 489.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 269.25 m 336.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 271.25 m 336.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 257.25 m 336.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 255.25 m 336.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 269.25 m 387.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 271.25 m 387.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 257.25 m 387.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 255.25 m 387.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 269.25 m 439.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 271.25 m 439.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 257.25 m 439.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 255.25 m 439.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 269.25 m 489.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 271.25 m 489.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 257.25 m 489.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 255.25 m 489.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 229.25 m 336.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 227.25 m 336.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 229.25 m 387.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 227.25 m 387.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 229.25 m 439.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 227.25 m 439.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 229.25 m 489.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 227.25 m 489.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 215.25 m 336.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 213.25 m 336.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 215.25 m 387.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 213.25 m 387.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 227.25 m 439.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 229.25 m 439.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 215.25 m 439.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 213.25 m 439.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 227.25 m 489.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 229.25 m 489.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 215.25 m 489.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 213.25 m 489.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 213.25 m 336.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 215.25 m 336.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 192.25 m 336.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 190.25 m 336.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 213.25 m 387.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 215.25 m 387.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 192.25 m 387.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 190.25 m 387.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 213.25 m 439.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 215.25 m 439.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 192.25 m 439.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 190.25 m 439.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 213.25 m 489.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 215.25 m 489.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 192.25 m 489.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 190.25 m 489.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 176.25 m 336.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 174.25 m 336.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 176.25 m 387.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 174.25 m 387.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 190.25 m 439.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 192.25 m 439.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 176.25 m 439.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 174.25 m 439.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 190.25 m 489.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 192.25 m 489.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 176.25 m 489.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 174.25 m 489.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 156.25 m 336.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 154.25 m 336.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 156.25 m 387.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 154.25 m 387.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 174.25 m 439.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 176.25 m 439.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 156.25 m 439.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 154.25 m 439.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 174.25 m 489.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 176.25 m 489.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 156.25 m 489.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 154.25 m 489.5 154.25 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 652.87 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.20 672.87 Td (Three Months ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 320.70 662.87 Td (Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.45 652.87 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 404.50 672.87 Td (T) Tj ET Q q 0 0 0 rg BT 409.87 672.87 Td (welve Months ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 424.70 662.87 Td (Ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 407.45 652.87 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 638.47 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 310.75 638.47 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 361.75 638.47 Td (2011) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 413.75 638.47 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.75 638.47 Td (2011) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 624.47 Td (Revenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 624.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.60 624.52 Td (3,002) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 624.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.60 624.47 Td (2,908) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 624.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 405.05 624.47 Td (11,924) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 624.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.05 624.47 Td (11,526) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 599.87 Td (Expense:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 436.00 599.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 585.47 Td (Compensation and Benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.60 585.52 Td (1,802) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.60 585.47 Td (1,767) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 585.47 Td (7,134) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 585.47 Td (6,969) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 571.47 Td (Other Operating Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 571.47 Td (794) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 571.47 Td (750) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 571.47 Td (2,961) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 571.47 Td (2,919) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 557.47 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 66.89 557.47 Td (Operating Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.60 557.52 Td (2,596) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.60 557.47 Td (2,517) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 405.05 557.47 Td (10,095) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 557.47 Td (9,888) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 537.87 Td (Operating Income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 537.87 Td (406) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 537.87 Td (391) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 537.87 Td (1,829) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 537.87 Td (1,638) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 517.87 Td (Interest Income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 327.05 517.92 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.05 517.87 Td (7) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 424.50 517.87 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.50 517.87 Td (28) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 499.87 Td (Interest Expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 318.15 499.87 Td (\(46) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 332.65 499.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.15 499.87 Td (\(50) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.65 499.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 415.60 499.87 Td (\(181) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 435.65 499.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.60 499.87 Td (\(199) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.65 499.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 479.87 Td (Cost of Early Extinguishment of Debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.65 479.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.65 479.87 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.65 479.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.15 479.87 Td (\(72) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.65 479.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 459.87 Td (Investment Income \(Loss\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 327.05 459.92 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 374.75 459.87 Td (\(4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 383.65 459.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 424.50 459.87 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.05 459.87 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 439.87 Td (Income Before Income Taxes) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 439.87 Td (370) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 439.87 Td (344) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 439.87 Td (1,696) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 439.87 Td (1,404) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 419.87 Td (Income Tax Expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 419.87 Td (105) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 419.87 Td (100) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.95 419.87 Td (492) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 419.87 Td (422) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 399.87 Td (Income from Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 399.87 Td (265) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 399.87 Td (244) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 399.87 Td (1,204) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 399.87 Td (982) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 378.87 Td (Discontinued Operations, Net of Tax) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 323.75 378.87 Td (\(2) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 332.65 378.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 372.50 378.87 Td (16) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.75 378.87 Td (\(3) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 435.65 378.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.50 378.87 Td (33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 358.87 Td (Net Income Before Non-Controlling Interests) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 358.87 Td (263) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 358.87 Td (260) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 358.87 Td (1,201) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 460.60 358.87 Td (1,015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 338.87 Td (Less: Net Income Attributable to Non-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 328.87 Td (Controlling Interest) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 327.05 328.92 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.05 328.87 Td (4) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 424.50 328.87 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.50 328.87 Td (22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 308.87 Td (Net Income Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 308.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 308.87 Td (259) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 308.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 308.87 Td (256) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 308.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 410.60 308.87 Td (1,176) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 308.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 308.87 Td (993) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 288.87 Td (Basic Net Income Per Share) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.00 274.47 Td (- Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 274.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.15 274.47 Td (0.48) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 274.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.15 274.47 Td (0.44) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 274.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.15 274.47 Td (2.16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 274.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 274.47 Td (1.76) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.00 260.47 Td (- Net Income ) Tj ET Q q 0 0 0 rg BT 127.42 260.47 Td (Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 260.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.15 260.47 Td (0.48) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 260.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.15 260.47 Td (0.47) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 260.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.15 260.47 Td (2.16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 260.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 260.47 Td (1.82) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 246.47 Td (Diluted Net Income Per Share) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.00 232.47 Td (- Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 232.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.15 232.47 Td (0.47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 232.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.15 232.47 Td (0.44) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 232.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.15 232.47 Td (2.13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 232.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 232.47 Td (1.73) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 65.00 218.47 Td (- Net Income ) Tj ET Q q 0 0 0 rg BT 127.42 218.47 Td (Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.00 218.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.15 218.47 Td (0.47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.00 218.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.15 218.47 Td (0.46) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.00 218.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.15 218.47 Td (2.13) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.00 218.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 466.15 218.47 Td (1.79) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 204.47 Td (A) Tj ET Q q 0 0 0 rg BT 59.85 204.47 Td (verage Number of Shares Outstanding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 194.47 Td ( - Basic) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 195.87 Td (545) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 195.87 Td (538) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.95 195.87 Td (544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 195.87 Td (542) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 179.87 Td ( - Diluted) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 179.87 Td (554) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 179.87 Td (548) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.95 179.87 Td (552) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 179.87 Td (551) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 159.87 Td (Shares Outstanding at 12/31) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 315.95 159.87 Td (545) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.95 159.87 Td (539) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.95 159.87 Td (545) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 159.87 Td (539) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 170.25 729.75 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 346.57 729.75 Td (Analysis) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.55 717.75 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.45 705.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 681.25 m 404.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 404.5 681.25 m 408.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 681.25 m 468.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 681.25 m 472.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 681.25 m 521.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 654.25 m 251.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 654.25 m 255.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 654.25 m 304.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 654.25 m 251.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 643.25 m 251.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 251.5 654.25 m 255.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 654.25 m 304.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 643.25 m 304.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 643.25 m 521.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 308.5 643.25 m 357.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 361.5 643.25 m 404.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 643.25 m 468.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 605.25 m 251.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 605.25 m 304.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 605.25 m 251.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 605.25 m 304.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 581.25 m 251.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 581.25 m 304.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 581.25 m 251.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 570.25 m 251.5 570.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 581.25 m 304.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 570.25 m 304.5 570.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 530.25 m 251.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 530.25 m 304.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 530.25 m 251.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 518.25 m 251.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 530.25 m 304.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 518.25 m 304.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 518.25 m 251.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 505.25 m 251.5 505.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 518.25 m 304.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 505.25 m 304.5 505.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 505.25 m 251.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 489.25 m 251.5 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 487.25 m 251.5 487.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 255.5 505.25 m 304.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 489.25 m 304.5 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 487.25 m 304.5 487.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 685.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 206.00 685.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.00 685.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 376.50 685.48 Td (Components of Revenue Change*) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 658.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 213.90 666.48 Td (Three Months Ended ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.45 658.48 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 313.15 663.48 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 321.00 655.48 Td (GAAP) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 315.80 647.48 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 364.90 655.48 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 369.60 647.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 412.85 663.48 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 413.95 655.48 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.10 647.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.60 655.48 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.80 647.48 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 645.93 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 230.20 645.93 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.20 645.93 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 633.48 Td (Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 206.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 620.93 Td (Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 206.00 620.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 620.98 Td (1,420) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.00 620.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.25 620.98 Td (1,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 620.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.05 620.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 620.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 620.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 620.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 608.93 Td (Guy Carpenter) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 234.95 608.93 Td (198) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.95 608.93 Td (193) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 608.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 608.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 608.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 608.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.05 608.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.20 608.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 608.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 608.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 596.93 Td ( Subtotal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 596.98 Td (1,618) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.25 596.98 Td (1,561) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 596.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.05 596.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 596.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 596.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 596.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 584.93 Td (Fiduciary Interest Income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.85 584.93 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 292.40 584.98 Td (11) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 572.93 Td ( ) Tj ET Q q 0 0 0 rg BT 63.97 572.93 Td (T) Tj ET Q q 0 0 0 rg BT 67.97 572.93 Td (otal Risk and Insurance Services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 572.98 Td (1,626) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.25 572.98 Td (1,572) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 572.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 572.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.05 572.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 572.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 572.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 572.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 572.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 572.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 558.48 Td (Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.00 558.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 545.93 Td (Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 545.98 Td (1,004) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.95 545.93 Td (940) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 545.93 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 545.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 545.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 545.93 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 533.93 Td (Oliver Wyman Group) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 234.95 533.93 Td (378) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.95 533.93 Td (406) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 340.05 533.93 Td (\(7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 347.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.05 533.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.05 533.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.05 533.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 511.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 521.93 Td ( Total Consulting) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 521.98 Td (1,382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.25 521.98 Td (1,346) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 521.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 521.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 521.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 521.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.20 521.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 521.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 521.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 521.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 509.48 Td (Corporate / Eliminations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 241.10 509.48 Td (\(6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.30 509.48 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.70 509.48 Td (\(10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.30 509.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 492.48 Td ( Total Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 206.00 492.48 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.25 492.53 Td (3,002) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 258.00 492.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.25 492.53 Td (2,908) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 342.75 492.48 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 349.80 492.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.15 492.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.80 492.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 492.48 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 492.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.75 492.48 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 492.48 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 54.50 465.95 Td (Revenue Details) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 54.50 456.35 Td (The following table provides more detailed revenue information for certain of the components presented above:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 422.25 m 403.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403.5 422.25 m 408.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 422.25 m 468.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 468.5 422.25 m 472.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 422.25 m 521.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 398.25 m 250.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 250.5 398.25 m 254.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 398.25 m 303.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 385.25 m 250.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 385.25 m 303.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 307.5 385.25 m 356.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 385.25 m 403.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 408.5 385.25 m 468.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 385.25 m 521.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 335.25 m 250.5 335.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 335.25 m 303.5 335.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 311.25 m 250.5 311.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 311.25 m 303.5 311.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 311.25 m 250.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 300.25 m 250.5 300.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 298.25 m 250.5 298.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 300.25 m 303.5 300.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 298.25 m 303.5 298.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 219.25 m 250.5 219.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 219.25 m 303.5 219.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 202.5 219.25 m 250.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 203.25 m 250.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 201.25 m 250.5 201.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 219.25 m 303.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 203.25 m 303.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 201.25 m 303.5 201.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 426.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.00 426.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.00 426.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 376.00 426.48 Td (Components of Revenue Change*) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 402.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 212.90 410.48 Td (Three Months Ended ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 226.45 402.48 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 312.15 405.48 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 320.00 397.48 Td (GAAP) Tj ET Q q 0 0 0 rg BT 342.97 397.48 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 314.80 389.48 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.90 397.48 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 368.60 389.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 412.85 405.48 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 413.95 397.48 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 425.10 389.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 475.60 397.48 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 479.80 389.48 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 389.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 229.20 389.48 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 282.20 389.48 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 375.48 Td (Marsh:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 411.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 362.93 Td (EMEA) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 205.00 362.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 362.93 Td (452) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 362.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 362.93 Td (433) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 362.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 362.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 362.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 362.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 362.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 350.93 Td (Asia Pacific) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 350.93 Td (168) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 350.93 Td (160) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 350.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.75 350.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.20 350.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 350.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 338.93 Td (Latin America) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 338.93 Td (111) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 338.93 Td (106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 338.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 338.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 338.93 Td (\(8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 338.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 450.20 338.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 338.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.95 338.93 Td (13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 338.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 326.93 Td ( Total International) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 326.93 Td (731) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 326.93 Td (699) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 326.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 326.93 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 326.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 326.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 326.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 314.93 Td (U.S. / Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 314.93 Td (689) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 314.93 Td (669) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 314.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.15 314.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 314.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.85 314.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 302.93 Td ( Total Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 205.00 302.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.25 302.98 Td (1,420) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 302.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.25 302.98 Td (1,368) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 302.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 302.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 302.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 302.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 302.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 302.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 302.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 302.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 284.48 Td (Mercer:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.00 284.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 271.93 Td (Retirement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 205.00 271.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 271.93 Td (269) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 271.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 271.93 Td (258) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 271.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 271.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 271.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 271.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 271.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 271.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 271.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 271.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 259.93 Td (Health and Benefits) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 259.93 Td (247) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 259.93 Td (223) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.95 259.93 Td (11) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.15 259.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 259.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 259.93 Td (9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 247.48 Td (Talent, Rewards & Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 247.48 Td (168) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 247.48 Td (159) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 247.48 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.05 247.48 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 247.48 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 247.48 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 505.85 247.53 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 234.93 Td (Outsourcing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 234.93 Td (187) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 234.93 Td (183) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 234.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 234.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.75 234.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 234.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.05 234.93 Td (\(7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 458.20 234.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 234.93 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 234.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 222.93 Td (Investments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 233.95 222.93 Td (133) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 222.93 Td (117) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.95 222.93 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.75 222.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 222.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 504.95 222.93 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 206.48 Td ( Total Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 205.00 206.48 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.25 206.53 Td (1,004) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 257.00 206.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 286.95 206.48 Td (940) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 344.40 206.48 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 348.85 206.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.15 206.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.80 206.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.75 206.48 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 460.85 206.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 509.40 206.48 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 513.85 206.48 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.00 202.75 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 34.00 171.20 Td (Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 34.00 156.48 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of certain items) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 34.00 148.48 Td (such as:acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 34.00 125.48 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 170.25 729.75 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 346.57 729.75 Td (Analysis) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.85 717.75 Td (T) Tj ET Q q 0 0 0 rg BT 232.22 717.75 Td (welve Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.20 706.95 Td (\(Millions\) \(Unaudited\)) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351 681.45 m 394 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 394 681.45 m 398 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398 681.45 m 456 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 456 681.45 m 461 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461 681.45 m 510 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 656.45 m 240 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240 656.45 m 245 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 656.45 m 292 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 297 645.45 m 346 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 645.45 m 240 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 645.45 m 292 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351 645.45 m 394 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 398 645.45 m 456 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 461 645.45 m 510 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 609.45 m 240 609.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 609.45 m 292 609.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 585.45 m 240 585.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 585.45 m 292 585.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 574.45 m 240 574.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 574.45 m 292 574.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 530.45 m 240 530.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 530.45 m 292 530.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 518.45 m 240 518.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 518.45 m 292 518.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 192 500.45 m 240 500.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 245 500.45 m 292 500.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 480.45 m 240 480.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192 478.45 m 240 478.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 480.45 m 292 480.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 478.45 m 292 478.45 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 365.50 685.68 Td (Components of Revenue Change*) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 199.75 668.68 Td (T) Tj ET Q q 0 0 0 rg BT 204.04 668.68 Td (welve Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.45 660.68 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 301.65 665.68 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 309.50 657.68 Td (GAAP) Tj ET Q q 0 0 0 rg BT 332.47 657.68 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 304.30 649.68 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.40 657.68 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.10 649.68 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 401.35 665.68 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 402.45 657.68 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 413.60 649.68 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 464.10 657.68 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 468.30 649.68 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 218.70 648.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 270.70 648.13 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 637.13 Td (Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 625.13 Td (Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 194.50 625.13 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 625.18 Td (5,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.50 625.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 625.18 Td (5,213) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 625.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 625.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 625.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 625.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 625.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 613.13 Td (Guy Carpenter) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 613.18 Td (1,079) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 613.18 Td (1,041) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 613.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 613.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 613.13 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 613.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.55 613.13 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.70 613.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 613.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 613.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 601.13 Td ( Subtotal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 601.18 Td (6,542) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 601.18 Td (6,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 601.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 601.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 601.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 601.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 601.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 589.13 Td (Fiduciary Interest Income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.85 589.13 Td (39) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 279.90 589.18 Td (47) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 577.13 Td ( ) Tj ET Q q 0 0 0 rg BT 60.47 577.13 Td (T) Tj ET Q q 0 0 0 rg BT 64.47 577.13 Td (otal Risk and Insurance Services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 577.18 Td (6,581) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 577.18 Td (6,301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 577.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 577.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 577.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 577.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 577.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 577.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 577.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 577.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 558.13 Td (Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 546.13 Td (Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 546.18 Td (3,916) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 546.18 Td (3,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 546.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 546.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 546.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 546.13 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 546.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 534.13 Td (Oliver Wyman Group) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 534.18 Td (1,466) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 534.18 Td (1,483) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.55 534.13 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 335.70 534.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 534.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 534.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.55 534.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.70 534.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 534.13 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 534.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 49.50 522.13 Td ( Total Consulting) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.75 522.18 Td (5,382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 268.75 522.18 Td (5,265) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 522.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 522.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 522.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 522.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.70 522.13 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 522.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 522.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 522.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 504.13 Td (Corporate / Eliminations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 225.20 504.13 Td (\(39) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 236.80 504.13 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.20 504.13 Td (\(40) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 288.80 504.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 49.50 483.13 Td ( Total Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 194.50 483.13 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 212.25 483.13 Td (11,924) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.50 483.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 264.30 483.18 Td (11,526) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.25 483.13 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.30 483.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.55 483.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.70 483.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.25 483.13 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 448.30 483.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 497.90 483.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.35 483.13 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 77.00 457.15 Td (Revenue Details) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 447.55 Td (The following table provides more detailed revenue information for certain of the components presented above:) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354 413.04999999999995 m 399 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 399 413.04999999999995 m 403 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 413.04999999999995 m 462 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 462 413.04999999999995 m 467 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467 413.04999999999995 m 515 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190 393.04999999999995 m 239 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239 393.04999999999995 m 248 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 393.04999999999995 m 297 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190 378.04999999999995 m 239 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 378.04999999999995 m 297 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 302 378.04999999999995 m 349 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 354 378.04999999999995 m 399 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 403 378.04999999999995 m 462 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467 378.04999999999995 m 515 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190 329.04999999999995 m 239 329.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 329.04999999999995 m 297 329.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190 301.04999999999995 m 239 301.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 301.04999999999995 m 297 301.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 290.04999999999995 m 239 290.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 288.04999999999995 m 239 288.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 290.04999999999995 m 297 290.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 288.04999999999995 m 297 288.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 288.04999999999995 m 239 288.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 290.04999999999995 m 239 290.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 288.04999999999995 m 297 288.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 290.04999999999995 m 297 290.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 190 213.04999999999995 m 239 213.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 213.04999999999995 m 297 213.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 202.04999999999995 m 239 202.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190 200.04999999999995 m 239 200.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 202.04999999999995 m 297 202.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 200.04999999999995 m 297 200.04999999999995 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 369.50 416.73 Td (Components of Revenue Change*) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 201.25 404.73 Td (T) Tj ET Q q 0 0 0 rg BT 205.54 404.73 Td (welve Months Ended ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 216.95 396.73 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 305.65 398.28 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 313.50 390.28 Td (GAAP) Tj ET Q q 0 0 0 rg BT 336.47 390.28 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 308.30 382.28 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 358.40 390.28 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.10 382.28 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 406.85 398.28 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 407.95 390.28 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 419.10 382.28 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.60 390.28 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 473.80 382.28 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 217.70 382.28 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 275.70 382.28 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 44.50 369.73 Td (Marsh:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 357.28 Td (EMEA) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 192.50 357.28 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 357.33 Td (1,860) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.50 357.28 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 357.33 Td (1,796) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 357.28 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 357.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 357.28 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 357.28 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 357.28 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 357.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 357.28 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 357.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 344.73 Td (Asia Pacific) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 222.45 344.73 Td (656) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 344.73 Td (612) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 344.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 344.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 344.73 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 344.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.70 344.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 344.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 344.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 344.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 332.73 Td (Latin America) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 222.45 332.73 Td (353) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 332.73 Td (334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 332.73 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 332.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 332.73 Td (\(7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 332.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.70 332.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 332.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 498.45 332.73 Td (13) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 332.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 319.28 Td ( Total International) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 319.33 Td (2,869) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 319.33 Td (2,742) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 319.28 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 319.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 319.28 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 319.28 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 319.28 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 319.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 319.28 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 319.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 305.28 Td (U.S. / Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 305.33 Td (2,594) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 305.33 Td (2,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 305.28 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 305.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.65 305.28 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.30 305.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 305.28 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 305.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 305.28 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 305.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 292.73 Td ( Total Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 192.50 292.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 292.78 Td (5,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.50 292.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 292.78 Td (5,213) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 292.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 292.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 292.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 292.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 292.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 292.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 292.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 292.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 44.50 275.73 Td (Mercer:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 263.28 Td (Retirement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 192.50 263.28 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 263.33 Td (1,066) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.50 263.28 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 263.33 Td (1,071) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 330.70 263.28 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 263.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 263.28 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 263.28 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 263.28 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 263.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 263.28 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 263.28 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 250.73 Td (Health and Benefits) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 250.78 Td (1,011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 250.73 Td (940) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 250.73 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 250.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 250.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 250.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 250.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 250.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 250.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 250.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 238.78 Td (Talent, Rewards & Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 222.45 238.78 Td (604) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 238.78 Td (576) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 238.78 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 238.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 238.78 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 238.78 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 238.78 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 238.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 238.78 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 238.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 228.73 Td (Outsourcing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 222.45 228.73 Td (721) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 228.73 Td (733) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 331.55 228.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.70 228.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.65 228.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.30 228.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 444.55 228.73 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 451.70 228.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 228.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 228.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 216.73 Td (Investments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 222.45 216.73 Td (514) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.45 216.73 Td (462) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 329.80 216.73 Td (11) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 216.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 216.73 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 216.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 216.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 216.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 216.73 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 216.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 44.50 204.73 Td ( Total Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 192.50 204.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 215.75 204.78 Td (3,916) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 250.50 204.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.75 204.78 Td (3,782) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.25 204.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.30 204.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.55 204.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 388.70 204.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 447.25 204.73 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 454.35 204.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 502.90 204.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.35 204.73 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 170.00 Td (Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 148.73 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of certain ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 140.73 Td (items such as: acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 119.73 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 280.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 197.00 717.75 Td (Three Months Ended December 31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.45 705.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 693.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 674.93 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 363.42 674.93 Td ( measures," within the meaning of Regulation ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 666.93 Td (G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 172.18 666.93 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 219.18 666.93 Td (These measures are: a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 301.44 666.93 Td (djusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 658.93 Td (and) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 66.35 658.93 Td ( adjusted income, net of tax.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 643.48 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 635.48 Td (performance from period to period.Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 627.48 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 619.48 Td (GAAP measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 611.48 Td (GAAP.The Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 603.48 Td (non-GAAP measures presented by other companies.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 53.00 582.48 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 53.00 569.93 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 169.50 569.93 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 171.73 569.93 Td (is ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.73 569.93 Td (calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 497.26 569.93 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 561.93 Td (operating income or \(loss\).) Tj ET Q q 0 0 0 rg BT 152.01 561.93 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 553.93 Td (GAAP) Tj ET Q q 0 0 0 rg BT 75.09 553.93 Td ( operating income or \(loss\), on a consolidated and segment basis, for the three months ended December 31, 2012 and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 545.93 Td (201) Tj ET Q q 0 0 0 rg BT 65.75 545.93 Td (1.) Tj ET Q q 0 0 0 rg BT 76.73 545.93 Td (The following tables also present ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 195.46 545.93 Td (adjusted operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.96 545.93 Td (, which is calculated by dividing adjusted operating income by ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 537.93 Td (consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 164.47 537.93 Td ( revenue.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 476.25 m 261.5 476.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 490.25 m 327.5 490.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 490.25 m 394.5 490.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 490.25 m 462.5 490.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 490.25 m 529.5 490.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 462.25 m 327.5 462.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 462.25 m 394.5 462.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 462.25 m 462.5 462.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 462.25 m 529.5 462.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 408.25 m 327.5 408.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 394.25 m 327.5 394.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 408.25 m 394.5 408.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 394.25 m 394.5 394.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 408.25 m 462.5 408.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 394.25 m 462.5 394.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 408.25 m 529.5 408.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 394.25 m 529.5 394.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 381.25 m 327.5 381.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 379.25 m 327.5 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 381.25 m 394.5 381.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 379.25 m 394.5 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 381.25 m 462.5 381.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 379.25 m 462.5 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 381.25 m 529.5 381.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 379.25 m 529.5 379.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 367.25 m 327.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 365.25 m 327.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 367.25 m 394.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 365.25 m 394.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 367.25 m 462.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 365.25 m 462.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 367.25 m 529.5 367.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 365.25 m 529.5 365.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 353.25 m 327.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 351.25 m 327.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 353.25 m 394.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 351.25 m 394.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 353.25 m 462.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 351.25 m 462.5 351.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 353.25 m 529.5 353.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 351.25 m 529.5 351.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 50.5 322.25 m 261.5 322.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 308.25 m 327.5 308.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 308.25 m 394.5 308.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 308.25 m 462.5 308.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 308.25 m 529.5 308.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 246.25 m 327.5 246.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 232.25 m 327.5 232.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 246.25 m 394.5 246.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 332.5 232.25 m 394.5 232.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 246.25 m 462.5 246.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 400.5 232.25 m 462.5 232.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 246.25 m 529.5 246.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 467.5 232.25 m 529.5 232.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 219.25 m 327.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 217.25 m 327.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 219.25 m 394.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 217.25 m 394.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 219.25 m 462.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 217.25 m 462.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 219.25 m 529.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 217.25 m 529.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 205.25 m 327.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 203.25 m 327.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 205.25 m 394.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 203.25 m 394.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 205.25 m 462.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 203.25 m 462.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 205.25 m 529.5 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 203.25 m 529.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 191.25 m 327.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 189.25 m 327.5 189.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 191.25 m 394.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 189.25 m 394.5 189.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 191.25 m 462.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 189.25 m 462.5 189.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 191.25 m 529.5 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 189.25 m 529.5 189.25 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 494.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 281.95 512.65 Td (Risk &) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 274.70 503.65 Td (Insurance) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 277.45 494.65 Td (Services) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 339.50 494.65 Td (Consulting) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 408.20 503.65 Td (Corporate/) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 404.20 494.65 Td (Eliminations) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 487.55 494.65 Td (Total) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 480.65 Td (Three Months Ended December 31, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 480.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.00 480.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 480.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.00 480.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 466.65 Td (Operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 268.00 466.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 303.90 466.65 Td (322) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 335.00 466.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 370.90 466.65 Td (128) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 403.00 466.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 445.60 466.65 Td (\(44) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 458.65 466.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 470.00 466.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 505.90 466.65 Td (406) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 452.65 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 438.65 Td (Restructuring charges \(a\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 313.90 438.65 Td (2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.90 438.65 Td (51) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.60 438.65 Td (4) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 510.90 438.65 Td (57) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 425.20 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 305.90 425.20 Td (\(12) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 318.95 425.20 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 376.95 425.20 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 449.65 425.20 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 507.90 425.20 Td (\(12) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 520.95 425.20 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 412.65 Td (Other ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.95 412.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 376.95 412.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 450.60 412.65 Td (\(1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 458.65 412.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 512.90 412.65 Td (\(1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 520.95 412.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 398.65 Td ( Operating income adjustments) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 305.90 398.65 Td (\(10) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 318.95 398.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.90 398.65 Td (51) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.60 398.65 Td (3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 510.90 398.65 Td (44) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 384.65 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 268.00 384.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 303.90 384.65 Td (312) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 335.00 384.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 370.90 384.65 Td (179) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 403.00 384.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 445.60 384.65 Td (\(41) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 458.65 384.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 470.00 384.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 505.90 384.65 Td (450) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 370.65 Td (Operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 301.40 370.65 Td (19.8) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 318.95 370.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 373.40 370.65 Td (9.3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 385.95 370.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 443.80 370.65 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 503.40 370.65 Td (13.5) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 520.95 370.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 356.65 Td (Adjusted operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 301.40 356.65 Td (19.2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 318.95 356.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 368.40 356.65 Td (13.0) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 385.95 356.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 443.80 356.65 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 503.40 356.65 Td (15.0) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 520.95 356.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 326.65 Td (Three Months Ended December 31, 201) Tj ET Q q 0 0 0 rg BT 220.06 326.65 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.00 326.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.00 326.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 459.00 326.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.00 326.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 312.65 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 312.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.90 312.65 Td (304) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.00 312.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.90 312.65 Td (147) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 312.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.60 312.65 Td (\(60) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.65 312.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.00 312.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.90 312.65 Td (391) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 298.65 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 284.65 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.95 284.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 284.65 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.60 284.65 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.90 284.65 Td (35) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 271.20 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 313.90 271.20 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.95 271.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.65 271.20 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.90 271.20 Td (2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 53.00 259.25 Td ( Settlement, legal and regulatory \(c\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.90 259.25 Td (\(16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.95 259.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.95 259.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.65 259.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 507.90 259.25 Td (\(16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 259.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.50 248.25 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.95 248.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.95 248.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 450.60 248.25 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.65 248.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 512.90 248.25 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 248.25 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 236.65 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 305.90 236.65 Td (\(14) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.95 236.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.90 236.65 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 448.60 236.65 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.90 236.65 Td (20) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 222.65 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.00 222.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 303.90 222.65 Td (290) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 335.00 222.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 370.90 222.65 Td (166) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 403.00 222.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.60 222.65 Td (\(45) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.65 222.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.00 222.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 505.90 222.65 Td (411) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 208.65 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.40 208.65 Td (19.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.95 208.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.40 208.65 Td (10.9) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.95 208.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 208.65 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.40 208.65 Td (13.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 208.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 53.00 194.65 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.40 194.65 Td (18.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.95 194.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.40 194.65 Td (12.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 385.95 194.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.45 194.65 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 503.40 194.65 Td (14.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.95 194.65 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 159.93 Td (\(a\) Includes severance from restructuring activities and related charges, costs for future rent and other real estate costs, and fees and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 151.93 Td (consulting costs related to recent acquisitions and cost reduction activities, including charges of $16 million in the fourth quarter of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 143.93 Td (2012 for exit activities related to Mercer's Canadian outsourcing business. ) Tj ET Q q 0 0 0 rg BT 316.30 143.93 Td (The fourth quarter of 2012 and 201) Tj ET Q q 0 0 0 rg BT 439.79 143.93 Td (1 includes charges of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 135.98 Td ($2 million and $29 million, respectively) Tj ET Q q 0 0 0 rg BT 188.92 135.98 Td (, for cost reduction activities related to recent acquisitions. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 125.93 Td (\(b\) Reflects the change resulting from the re-measurement to fair value each quarter of contingent consideration related to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 117.93 Td (acquisitions. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 105.93 Td (\(c\) Reflects settlements of and legal fees arising out of the regulatory actions relating to market service agreements and other issues ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 97.93 Td (including indemnification of former employees and legal fees. ) Tj ET Q q 0 0 0 rg BT 271.64 97.93 Td (The three months ended December 31, 201) Tj ET Q q 0 0 0 rg BT 426.26 97.93 Td (1 includes $17 million of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 89.98 Td (insurance recoveries.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 280.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.30 717.75 Td (T) Tj ET Q q 0 0 0 rg BT 199.67 717.75 Td (welve Months Ended December 31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 236.20 706.95 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 676.13 Td (The Company presents below certain additional financial measures that are non-GAAP) Tj ET Q q 0 0 0 rg BT 353.74 676.13 Td ( measures, within the meaning of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 668.13 Td (Regulation G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 203.16 668.13 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 250.15 668.13 Td (These measures are: ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 327.96 668.13 Td (adjusted operating income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 443.58 668.13 Td (; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 448.03 668.13 Td (adjusted ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 43.50 660.13 Td (operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 103.54 660.13 Td (; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 107.98 660.13 Td (and adjusted income, net of tax.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 641.13 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 633.13 Td (performance from period to period. Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 625.13 Td (purposes and to allocate resources in managing the Company's businesses. However, investors should not consider these non-) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 617.13 Td (GAAP measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 609.13 Td (GAAP. The Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 601.13 Td (non-GAAP measures presented by other companies.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 43.50 583.13 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 43.50 571.13 Td (Adjusted operating income \(loss\) is) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 168.00 571.13 Td ( calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 487.76 571.13 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 563.13 Td (operating income or \(loss\). ) Tj ET Q q 0 0 0 rg BT 142.51 563.13 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 555.13 Td (GAAP) Tj ET Q q 0 0 0 rg BT 65.59 555.13 Td ( operating income or \(loss\), on a consolidated and segment basis, for the twelve months ended December 31, 2012 and 201) Tj ET Q q 0 0 0 rg BT 504.81 555.13 Td (1. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 547.13 Td (The following tables also present ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 162.23 547.13 Td (adjusted operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.74 547.13 Td (, which is calculated by dividing adjusted operating income by ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 43.50 539.13 Td (consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 154.97 539.13 Td ( revenue. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 492.45000000000005 m 318 492.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 492.45000000000005 m 384 492.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 492.45000000000005 m 457 492.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 492.45000000000005 m 518 492.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 39 480.45000000000005 m 248 480.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 468.45000000000005 m 318 468.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 468.45000000000005 m 384 468.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 468.45000000000005 m 457 468.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 468.45000000000005 m 518 468.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 468.45000000000005 m 318 468.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 468.45000000000005 m 384 468.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 468.45000000000005 m 457 468.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 468.45000000000005 m 518 468.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 420.45000000000005 m 318 420.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 408.45000000000005 m 318 408.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 420.45000000000005 m 384 420.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 408.45000000000005 m 384 408.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 420.45000000000005 m 457 420.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 408.45000000000005 m 457 408.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 420.45000000000005 m 518 420.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 408.45000000000005 m 518 408.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 391.45000000000005 m 318 391.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 389.45000000000005 m 318 389.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 391.45000000000005 m 384 391.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 389.45000000000005 m 384 389.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 391.45000000000005 m 457 391.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 389.45000000000005 m 457 389.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 391.45000000000005 m 518 391.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 389.45000000000005 m 518 389.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 379.45000000000005 m 318 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 377.45000000000005 m 318 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 379.45000000000005 m 384 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 377.45000000000005 m 384 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 379.45000000000005 m 457 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 377.45000000000005 m 457 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 379.45000000000005 m 518 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 377.45000000000005 m 518 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 377.45000000000005 m 318 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 379.45000000000005 m 318 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 367.45000000000005 m 318 367.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 365.45000000000005 m 318 365.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 377.45000000000005 m 384 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 379.45000000000005 m 384 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 367.45000000000005 m 384 367.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 365.45000000000005 m 384 365.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 377.45000000000005 m 457 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 379.45000000000005 m 457 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 367.45000000000005 m 457 367.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 365.45000000000005 m 457 365.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 377.45000000000005 m 518 377.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 379.45000000000005 m 518 379.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 367.45000000000005 m 518 367.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 365.45000000000005 m 518 365.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 39 336.45000000000005 m 248 336.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 322.45000000000005 m 318 322.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 322.45000000000005 m 384 322.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 322.45000000000005 m 457 322.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 322.45000000000005 m 518 322.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 262.45000000000005 m 518 262.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 262.45000000000005 m 318 262.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 248 250.45000000000005 m 318 250.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 262.45000000000005 m 384 262.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326 250.45000000000005 m 384 250.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 262.45000000000005 m 457 262.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 391 250.45000000000005 m 457 250.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 262.45000000000005 m 518 262.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 466 250.45000000000005 m 518 250.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 233.45000000000005 m 318 233.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 231.45000000000005 m 318 231.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 233.45000000000005 m 384 233.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 231.45000000000005 m 384 231.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 233.45000000000005 m 457 233.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 231.45000000000005 m 457 231.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 233.45000000000005 m 518 233.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 231.45000000000005 m 518 231.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 221.45000000000005 m 318 221.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 219.45000000000005 m 318 219.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 221.45000000000005 m 384 221.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 219.45000000000005 m 384 219.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 221.45000000000005 m 457 221.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 219.45000000000005 m 457 219.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 221.45000000000005 m 518 221.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 219.45000000000005 m 518 219.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 209.45000000000005 m 318 209.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 207.45000000000005 m 318 207.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 209.45000000000005 m 384 209.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 207.45000000000005 m 384 207.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 209.45000000000005 m 457 209.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391 207.45000000000005 m 457 207.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 209.45000000000005 m 518 209.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466 207.45000000000005 m 518 207.45000000000005 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 268.45 514.85 Td (Risk &) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 261.20 505.85 Td (Insurance) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 263.95 496.85 Td (Services) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 331.00 496.85 Td (Consulting) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 400.70 505.85 Td (Corporate/) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 396.70 496.85 Td (Eliminations) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 481.05 496.85 Td (Total) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 483.40 Td (T) Tj ET Q q 0 0 0 rg BT 46.33 483.40 Td (welve Months Ended December 31, 2012) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 471.40 Td (Operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 250.50 471.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 286.90 471.40 Td (1,374) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 328.50 471.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 360.40 471.40 Td (652) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 393.50 471.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 435.45 471.40 Td (\(197) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.50 471.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 468.50 471.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 486.90 471.40 Td (1,829) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 41.50 459.40 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 447.40 Td (Restructuring charges \(a\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 304.40 447.40 Td (8) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 365.40 447.40 Td (58) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 443.45 447.40 Td (12) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 499.40 447.40 Td (78) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 435.40 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 296.40 435.40 Td (\(32) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.45 435.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 367.40 435.40 Td (\(3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.45 435.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 444.50 435.40 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 496.40 435.40 Td (\(35) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 509.45 435.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 423.40 Td (Other) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 301.40 423.40 Td (\(2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.45 423.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 366.45 423.40 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 445.45 423.40 Td (\(6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.50 423.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 501.40 423.40 Td (\(8) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 509.45 423.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 411.40 Td ( Operating income adjustments) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 296.40 411.40 Td (\(26) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.45 411.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 365.40 411.40 Td (55) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 448.45 411.40 Td (6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 499.40 411.40 Td (35) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 393.40 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 250.50 393.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 286.90 393.40 Td (1,348) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 328.50 393.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 360.40 393.40 Td (707) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 393.50 393.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 435.45 393.40 Td (\(191) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.50 393.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 468.50 393.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 486.90 393.40 Td (1,864) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 381.40 Td (Operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 291.90 381.40 Td (20.9) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.45 381.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 357.90 381.40 Td (12.1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.45 381.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 438.30 381.40 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 491.90 381.40 Td (15.3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 509.45 381.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 369.40 Td (Adjusted operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 291.90 369.40 Td (20.5) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 309.45 369.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 357.90 369.40 Td (13.2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.45 369.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 438.30 369.40 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 491.90 369.40 Td (15.6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 509.45 369.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 340.85 Td (T) Tj ET Q q 0 0 0 rg BT 46.33 340.85 Td (welve Months Ended December 31, 201) Tj ET Q q 0 0 0 rg BT 213.40 340.85 Td (1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 326.85 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.50 326.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.90 326.85 Td (1,229) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.50 326.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.40 326.85 Td (588) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.50 326.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.45 326.85 Td (\(179) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.50 326.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.50 326.85 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.90 326.85 Td (1,638) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 41.50 313.40 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 301.40 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.40 301.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.40 301.40 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 301.40 Td (19) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.40 301.40 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 289.40 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 301.40 289.40 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 289.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.45 289.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 289.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.40 289.40 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 289.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 277.40 Td (Settlement, legal and regulatory \(c\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.40 277.40 Td (\(21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 277.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.45 277.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 444.50 277.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 496.40 277.40 Td (\(21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 277.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 50.50 265.40 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.45 265.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 366.45 265.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 445.45 265.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.50 265.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 501.40 265.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 265.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 253.40 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 296.40 253.40 Td (\(21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 253.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 365.40 253.40 Td (31) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 443.45 253.40 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 499.40 253.40 Td (22) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 235.40 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 250.50 235.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 286.90 235.40 Td (1,208) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 328.50 235.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 360.40 235.40 Td (619) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 393.50 235.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 435.45 235.40 Td (\(167) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.50 235.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 468.50 235.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 486.90 235.40 Td (1,660) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 223.40 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.90 223.40 Td (19.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 223.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.90 223.40 Td (11.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 223.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.95 223.40 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.90 223.40 Td (14.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 223.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 41.50 211.40 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 291.90 211.40 Td (19.2) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.45 211.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 357.90 211.40 Td (11.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.45 211.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 438.95 211.40 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.90 211.40 Td (14.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 509.45 211.40 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 177.68 Td (\(a\) Includes severance from restructuring activities and related charges, costs for future rent and other real estate costs, and fees ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 169.68 Td (and consulting costs related to recent acquisitions and cost reduction activities, including charges of $16 million in 2012 for exit ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 161.68 Td (activities related to Mercer's Canadian outsourcing business. ) Tj ET Q q 0 0 0 rg BT 259.05 161.68 Td (The twelve months of 2012 and 201) Tj ET Q q 0 0 0 rg BT 385.65 161.68 Td (1 includes charges of $9 million and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 153.68 Td ($5 million, respectively) Tj ET Q q 0 0 0 rg BT 121.88 153.68 Td (, for cost reduction activities related to recent acquisitions.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 139.68 Td (\(b\) Reflects the change resulting from the re-measurement to fair value each quarter of contingent consideration related to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 131.68 Td (acquisitions, net of an $8 million impairment charge of an identifiable intangible asset in 2012.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 117.68 Td (\(c\) Reflects settlements of and legal fees arising out of the regulatory actions relating to market service agreements and other issues) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 109.68 Td (including indemnification of former employees and legal fees. The twelve months ended December 31, 2011 includes $31 million of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 42.00 101.68 Td (insurance recoveries.) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 280.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 169.05 717.75 Td (Three and T) Tj ET Q q 0 0 0 rg BT 224.98 717.75 Td (welve Months Ended December 31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.45 705.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.00 686.93 Td (Adjusted income, net of tax) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 76.00 675.93 Td (Adjusted income, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 172.50 675.93 Td ( is calculated as: the Company's GAAP) Tj ET Q q 0 0 0 rg BT 311.28 675.93 Td ( income from continuing operations, adjusted to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.00 667.93 Td (reflect the after-tax impact of the operating income adjustments set forth in the preceding table.) Tj ET Q q 0 0 0 rg BT 416.04 667.93 Td (The related ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.00 659.93 Td (adjusted diluted earnings per share as calculated under the two-class method, reflects reductions for the portion ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.00 651.93 Td (of each item attributable to non-controlling interests and participating securities so that the calculation is based ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.00 643.93 Td (only on the amounts attributable to common shareholders.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 599.25 m 411.5 599.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 599.25 m 481.5 599.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 588.25 m 291.5 588.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 561.25 m 411.5 561.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 534.25 m 351.5 534.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 525.25 m 411.5 525.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 525.25 m 481.5 525.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 515.25 m 411.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 513.25 m 411.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 515.25 m 481.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 513.25 m 481.5 513.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 496.25 m 411.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 496.25 m 481.5 496.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 485.25 m 291.5 485.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 458.25 m 411.5 458.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 431.25 m 351.5 431.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 422.25 m 411.5 422.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 412.25 m 411.5 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 410.25 m 411.5 410.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 422.25 m 481.5 422.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 412.25 m 481.5 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 410.25 m 481.5 410.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 78.00 622.65 Td (Reconciliation of the Impact of Non-GAAP) Tj ET Q q 0 0 0 rg BT 217.88 622.65 Td ( Measures on diluted earnings per share - Three and T) Tj ET Q q 0 0 0 rg BT 397.46 622.65 Td (welve Months Ended ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 78.00 615.65 Td (December 31, 2012 and 201) Tj ET Q q 0 0 0 rg BT 168.67 615.65 Td (1:) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 213.00 603.25 Td () Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 369.75 603.25 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 428.15 603.25 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 590.93 Td (Three Months Ended December 31, 2012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 323.00 591.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 383.00 591.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 448.00 591.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 580.70 Td (Income from continuing operations) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 580.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 396.95 580.70 Td (265) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 571.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 404.75 571.70 Td (4) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 562.70 Td (Amount attributable to participating securities) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 404.75 562.70 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 553.70 Td ( Subtotal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 553.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 396.95 553.70 Td (260) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 418.00 553.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 553.70 Td (0.47) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 544.70 Td (Add operating income adjustments) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 298.00 544.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 340.85 544.70 Td (44) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 535.70 Td (Deductimpact of income taxes) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 338.50 535.70 Td (\(17) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 348.65 535.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 400.80 526.70 Td (27) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 526.70 Td (0.05) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 100.50 517.65 Td (Adjusted income, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 517.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 396.95 517.65 Td (287) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 418.00 517.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 517.65 Td (0.52) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 381.55 497.70 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 428.15 497.70 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 487.93 Td (T) Tj ET Q q 0 0 0 rg BT 82.29 487.93 Td (welve Months Ended December 31, 2012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 477.70 Td (Income from continuing operations) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 477.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.05 477.70 Td (1,204) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 468.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 400.80 468.70 Td (25) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 459.70 Td (Amount attributable to participating securities) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 404.75 459.70 Td (2) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 450.70 Td ( Subtotal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 450.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.05 450.70 Td (1,177) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 418.00 450.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 450.70 Td (2.13) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 441.70 Td (Add operating income adjustments) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 298.00 441.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 340.85 441.70 Td (35) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 78.00 432.70 Td (Deduct impact of income taxes) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 338.50 432.70 Td (\(24) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 348.65 432.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 400.80 423.70 Td (11) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 423.70 Td (0.02) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 100.50 414.65 Td (Adjusted income, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 358.00 414.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.05 414.65 Td (1,188) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 418.00 414.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 465.00 414.65 Td (2.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.00 411.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 392.25 m 410.5 392.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 392.25 m 482.5 392.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.5 381.25 m 290.5 381.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 354.25 m 410.5 354.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 327.25 m 350.5 327.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 318.25 m 410.5 318.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 318.25 m 410.5 318.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 308.25 m 410.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 306.25 m 410.5 306.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 318.25 m 482.5 318.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 308.25 m 482.5 308.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 306.25 m 482.5 306.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 287.25 m 410.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 287.25 m 482.5 287.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 74.5 276.25 m 290.5 276.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 249.25 m 410.5 249.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 249.25 m 410.5 249.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 217.25 m 350.5 217.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 208.25 m 410.5 208.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 198.25 m 410.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 196.25 m 410.5 196.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 208.25 m 482.5 208.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 198.25 m 482.5 198.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 196.25 m 482.5 196.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 368.75 393.70 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 428.15 393.70 Td (Diluted EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 383.93 Td (Three Months Ended December 31, 201) Tj ET Q q 0 0 0 rg BT 219.16 383.93 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 297.00 384.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 384.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 417.00 384.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 373.70 Td (Income from continuing operations) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 373.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 373.70 Td (244) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 364.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.75 364.70 Td (4) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 355.70 Td (Amount attributable to participating securities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.75 355.70 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 346.70 Td ( Subtotal) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 346.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 346.70 Td (239) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 417.00 346.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 346.70 Td (0.44) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 337.70 Td (Add operating income adjustments) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 297.00 337.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 339.85 337.70 Td (20) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 328.70 Td (Deductimpact of income taxes) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 341.40 328.70 Td (\(4) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 347.65 328.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.80 319.70 Td (16) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 319.70 Td (0.02) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 99.50 310.65 Td (Adjusted income, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 310.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 310.65 Td (255) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 417.00 310.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 310.65 Td (0.46) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 290.65 Td () Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 380.55 290.65 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 428.15 290.65 Td (Diluted EPS) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 278.93 Td (T) Tj ET Q q 0 0 0 rg BT 81.45 278.93 Td (welve Months Ended December 31, 201) Tj ET Q q 0 0 0 rg BT 223.16 278.93 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 268.70 Td (Income from continuing operations) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 268.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 268.70 Td (982) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 259.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.80 259.70 Td (22) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 250.70 Td (Amount attributable to participating securities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.75 250.70 Td (6) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 241.70 Td ( Subtotal) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 241.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 241.70 Td (954) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 417.00 241.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 241.70 Td (1.73) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 232.65 Td (Add operating income adjustments) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 297.00 232.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 339.85 232.70 Td (22) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 221.25 Td (Deductimpact of income taxes) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 341.40 221.25 Td (\(3) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 347.65 221.25 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 399.80 209.70 Td (19) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 209.70 Td (0.04) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 99.50 200.65 Td (Adjusted income, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 357.00 200.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 395.95 200.65 Td (973) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 417.00 200.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 466.00 200.65 Td (1.77) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 178.25 Td (The results in the table above are not adjusted for debt extinguishment costs of $72 million, which reduced earnings for the twelve ) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 77.00 171.25 Td (months ended December 31, 201) Tj ET Q q 0 0 0 rg BT 180.38 171.25 Td (1.) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.40 143.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.30 131.75 Td (Supplemental Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.95 119.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.98 119.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 91.25 m 334.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 91.25 m 338.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 91.25 m 383.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 91.25 m 432.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 91.25 m 439.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 91.25 m 485.5 91.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 81.25 m 334.5 81.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 81.25 m 383.5 81.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 81.25 m 432.5 81.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 81.25 m 485.5 81.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 179.50 95.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 296.40 100.93 Td (Three Months Ended ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 309.95 92.98 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 100.93 Td (T) Tj ET Q q 0 0 0 rg BT 398.54 100.93 Td (welve Months Ended ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 409.95 92.98 Td (December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 313.20 82.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.20 82.98 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 400.60 82.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 453.10 82.98 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 72.93 Td (Depreciation and amortization expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.00 72.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 322.40 72.98 Td (95) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.00 72.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.40 72.93 Td (82) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.00 72.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.95 72.98 Td (349) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.00 72.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.95 72.98 Td (332) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 61.93 Td (Stock option expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.00 61.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 326.85 61.98 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.00 61.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.80 61.93 Td (5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.00 61.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 420.40 61.93 Td (26) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.00 61.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.40 61.93 Td (21) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 50.93 Td (Capital expenditures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 292.00 50.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 322.40 50.98 Td (71) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 341.00 50.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.40 50.93 Td (75) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 390.00 50.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 415.95 50.98 Td (320) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 442.00 50.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.95 50.98 Td (280) Tj ET Q BT /F2 10.00 Tf ET endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 719.20 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 194.90 707.20 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 208.95 695.20 Td (Consolidated Balance Sheets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 231.45 683.20 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 671.20 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 626.7 m 420.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 626.7 m 508.5 626.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 542.7 m 420.5 542.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 542.7 m 508.5 542.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 542.7 m 420.5 542.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 542.7 m 508.5 542.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 444.70000000000005 m 420.5 444.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 444.70000000000005 m 508.5 444.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 444.70000000000005 m 420.5 444.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 431.70000000000005 m 420.5 431.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 429.70000000000005 m 420.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 444.70000000000005 m 508.5 444.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 431.70000000000005 m 508.5 431.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 429.70000000000005 m 508.5 429.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 318.70000000000005 m 420.5 318.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 318.70000000000005 m 508.5 318.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 262.70000000000005 m 420.5 262.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 262.70000000000005 m 508.5 262.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 164.70000000000005 m 420.5 164.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 164.70000000000005 m 508.5 164.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 137.70000000000005 m 420.5 137.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 135.70000000000005 m 420.5 135.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 137.70000000000005 m 508.5 137.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 135.70000000000005 m 508.5 135.70000000000005 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 631.32 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.05 641.32 Td (December 31, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 366.35 631.32 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 434.55 641.32 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 455.20 631.32 Td (201) Tj ET Q q 0 0 0 rg BT 471.14 631.32 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 616.92 Td (ASSETS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.00 616.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.00 616.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 588.92 Td (Current assets:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 338.00 588.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.00 588.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 574.92 Td (Cash and cash equivalents) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 338.00 574.92 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 574.92 Td (2,301) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.00 574.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 574.92 Td (2,113) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 560.92 Td (Net receivables) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 560.92 Td (3,058) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 560.92 Td (2,906) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 546.92 Td (Other current assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 546.92 Td (664) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 546.92 Td (629) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 532.92 Td (Total current assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 532.92 Td (6,023) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 532.92 Td (5,648) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 504.92 Td (Goodwill and intangible assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 504.92 Td (7,261) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 504.92 Td (6,963) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 490.92 Td (Fixed assets, net) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 490.92 Td (809) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 490.92 Td (804) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 476.92 Td (Pension related assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 476.92 Td (260) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.50 476.92 Td (39) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 462.92 Td (Deferred tax assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 462.92 Td (1,182) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 462.92 Td (1,205) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 448.92 Td (Other assets) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 448.92 Td (772) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 448.92 Td (795) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 434.92 Td ( TOTAL ASSETS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 338.00 434.92 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 386.05 434.92 Td (16,307) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.00 434.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.05 434.92 Td (15,454) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 406.92 Td (LIABILITIES AND EQUITY) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 378.92 Td (Current liabilities:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 364.92 Td (Short-term debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 338.00 364.92 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 364.92 Td (260) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 427.00 364.92 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 364.92 Td (260) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 350.92 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 350.92 Td (1,721) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 350.92 Td (2,016) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 336.92 Td (Accrued compensation and employee benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 336.92 Td (1,473) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 336.92 Td (1,400) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 322.92 Td (Accrued income taxes) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 322.92 Td (111) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 493.50 322.92 Td (63) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 308.92 Td (Total current liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 308.92 Td (3,565) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 308.92 Td (3,739) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 280.92 Td (Fiduciary liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 280.92 Td (3,992) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 280.92 Td (4,082) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 266.92 Td (Less - cash and investments held in a fiduciary capacity) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 388.25 266.92 Td (\(3,992) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.65 266.92 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.25 266.92 Td (\(4,082) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 504.65 266.92 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 252.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.65 252.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.65 252.92 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 238.92 Td (Long-term debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 238.92 Td (2,658) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 238.92 Td (2,668) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 224.92 Td (Pension, post-retirement and post-employment benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 224.92 Td (2,094) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 224.92 Td (1,655) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 210.92 Td (Liabilities for errors and omissions) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 210.92 Td (460) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 210.92 Td (468) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 196.92 Td (Other liabilities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.95 196.92 Td (920) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 487.95 196.92 Td (984) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 168.92 Td (Total equity) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 391.60 168.92 Td (6,610) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 479.60 168.92 Td (5,940) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 140.92 Td ( TOTAL LIABILITIES 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