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Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.50 712.08 Td (1) Tj ET Q q 0 0 0 rg BT 409.36 712.08 Td (166 ) Tj ET Q q 0 0 0 rg BT 424.48 712.08 Td (A) Tj ET Q q 0 0 0 rg BT 429.68 712.08 Td (venue of the ) Tj ET Q q 0 0 0 rg BT 475.49 712.08 Td (Americas) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.50 702.48 Td (New ) Tj ET Q q 0 0 0 rg BT 423.58 702.48 Td (Y) Tj ET Q q 0 0 0 rg BT 428.18 702.48 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 461.82 702.48 Td (Y) Tj ET Q q 0 0 0 rg BT 466.43 702.48 Td (ork 10036-2774) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.50 692.88 Td (212 345 5000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 405.50 683.28 Td (www) Tj ET Q q 0 0 0 rg BT 422.39 683.28 Td (.mmc.com) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 166.00 0 0 73.00 36.50 671.02 cm /I1 Do Q BT /F3 20.00 Tf ET q 0 0 0 rg BT 65.00 620.45 Td (NEWS RELEASE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.82 620.45 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.50 600.17 Td (Media Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.50 590.17 Td (Jeremy Lehrman ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.50 580.17 Td (Marsh & McLennan Companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.50 568.17 Td (+1 212 345 9775) 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 86.5 554.7439453125 m 208.150390625 554.7439453125 l s q 0 0 1 rg BT 86.50 556.17 Td (jeremy) Tj ET Q q 0 0 1 rg BT 115.76 556.17 Td (.lehrman@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 390.50 596.57 Td (Investor Contact:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.50 586.57 Td (Scott Douglas) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.50 576.57 Td (Marsh & McLennan Companies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.50 566.57 Td (+1 212 345 5488) 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 390.5 555.1439453125 m 511.2470703125 555.1439453125 l s q 0 0 1 rg BT 390.50 556.57 Td (scott.d.douglas@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 104.10 515.25 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 254.84 515.25 Td (ANIES REPORTS THIRD QUARTER 2012 RESUL) Tj ET Q q 0 0 0 rg BT 505.84 515.25 Td (TS) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 115.25 484.10 Td ( Revenue and Profitability Growth Continues ) Tj ET Q q 0 0 0 rg BT 351.36 484.10 Td (Across ) Tj ET Q q 0 0 0 rg BT 391.31 484.10 Td (All Operating Companies) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 208.20 465.00 Td (Third Quarter GAAP) Tj ET Q q 0 0 0 rg BT 312.91 465.00 Td ( EPS Increases to $.44 ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 146.20 445.85 Td (Double-Digit Growth in ) Tj ET Q q 0 0 0 rg BT 268.61 445.85 Td (Adjusted Operating Income to $358 million) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 199.70 426.70 Td (Double-Digit Increase in ) Tj ET Q q 0 0 0 rg BT 328.26 426.70 Td (Adjusted EPS to $.39 ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 65.00 390.15 Td (NEW ) Tj ET Q q 0 0 0 rg BT 93.52 390.15 Td (YORK) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 125.30 390.15 Td (, November 6, 2012 - Marsh & McLennan Companies, Inc. \(NYSE: MMC\), a global ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 371.00 Td (professional services firm providing advice and solutions in risk, strategy and human capital, today ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 351.90 Td (reported financial results for the third quarter ended September 30, 2012. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 315.35 Td (Brian Duperreault, President and CEO, said: ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 284.50 315.35 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 289.38 315.35 Td (Our Company delivered another strong quarter) Tj ET Q q 0 0 0 rg BT 516.84 315.35 Td (. Each ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 296.20 Td (of our operating companies continued to generate growth in underlying revenue, which, combined ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 277.05 Td (with ongoing expense discipline, produced across-the-board improvement in operating margins and ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 257.90 Td (profitability) Tj ET Q q 0 0 0 rg BT 116.76 257.90 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 65.00 221.40 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 69.88 221.40 Td (Marsh) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 100.44 221.40 Td (') Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 102.43 221.40 Td (s underlying revenue grew across all geographies, reflecting solid client revenue retention ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 202.25 Td (rates and continued new business development. Guy Carpenter) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 375.63 202.25 Td (') Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 377.61 202.25 Td (s trend of underlying revenue growth ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 183.10 Td (continued. In Consulting, both Mercer and Oliver W) Tj ET Q q 0 0 0 rg BT 317.41 183.10 Td (yman contributed to the segment) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 477.62 183.10 Td (') Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 479.60 183.10 Td (s growth in ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 163.95 Td (revenue and profitability) Tj ET Q q 0 0 0 rg BT 180.98 163.95 Td (. ) 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 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (2) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 741.00 Td ("For the nine months, we produced double-digit growth in operating income, substantial margin ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 721.90 Td (improvement, and excellent growth in earnings per share,) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 345.04 721.90 Td () Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 349.92 721.90 Td ( concluded Mr) Tj ET Q q 0 0 0 rg BT 418.40 721.90 Td (. Duperreault. ) 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 65 683.781640625 m 168.94677734375 683.781640625 l s q 0 0 0 rg BT 65.00 685.35 Td (Consolidated Results) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 666.20 Td (Consolidated revenue in the third quarter of 2012 was $2.8 billion, an increase of 1%, or 3% on an ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 647.05 Td (underlying basis from the third quarter of 201) Tj ET Q q 0 0 0 rg BT 283.08 647.05 Td (1. Underlying revenue measures the change in revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 627.90 Td (using consistent currency exchange rates, excluding the impact of items such as acquisitions, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 608.80 Td (dispositions and transfers among businesses. Operating income rose 22% to $378 million. ) Tj ET Q q 0 0 0 rg BT 506.47 608.80 Td (Adjusted ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 589.65 Td (operating income, which excludes noteworthy items as presented in the attached supplemental ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 570.50 Td (schedules, rose 12% to $358 million in the third quarter) Tj ET Q q 0 0 0 rg BT 332.82 570.50 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 533.95 Td (Income from continuing operations in the third quarter of 2012 was $246 million, or $.43 per share, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 514.80 Td (compared with $133 million, or $.23 per share, in the third quarter of 201) Tj ET Q q 0 0 0 rg BT 416.38 514.80 Td (1. ) Tj ET Q q 0 0 0 rg BT 428.41 514.80 Td (The prior period includes ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 495.70 Td ($72 million of expense, or approximately $.09 per share, related to the early extinguishment of debt. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 476.55 Td (Adjusted earnings per share in the current quarter was $.39, compared with $.24 in the third quarter ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 457.40 Td (of 201) Tj ET Q q 0 0 0 rg BT 94.77 457.40 Td (1. Without the impact of the early extinguishment of debt last year) Tj ET Q q 0 0 0 rg BT 413.33 457.40 Td (, adjusted earnings per share ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 438.25 Td (increased 18%. Net income was $241 million, compared with $130 million in the third quarter of 201) Tj ET Q q 0 0 0 rg BT 548.44 438.25 Td (1. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 401.70 Td (For the nine months ended September 30, 2012, income from continuing operations was $939 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 382.60 Td (million, or $1.66 per share, compared with $738 million, or $1.30 per share, in 201) Tj ET Q q 0 0 0 rg BT 462.85 382.60 Td (1. ) Tj ET Q q 0 0 0 rg BT 474.47 382.60 Td (Adjusted ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 363.45 Td (earnings per share for the nine months was $1.63, compared with $1.30 last year) Tj ET Q q 0 0 0 rg BT 459.39 363.45 Td (. Excluding expense ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 344.30 Td (related to the early extinguishment of debt, adjusted earnings per share increased 17%.) 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 65 306.181640625 m 204.39599609375 306.181640625 l s q 0 0 0 rg BT 65.00 307.75 Td (Risk and Insurance Services) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 288.60 Td (Risk and Insurance Services segment revenue in the third quarter of 2012 was $1.5 billion, an ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 269.50 Td (increase of 2%, or 4% on an underlying basis. Operating income increased 26% to) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 250.35 Td ($234 million, compared with $186 million in last year) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 319.35 250.35 Td (') Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 321.33 250.35 Td (s third quarter) Tj ET Q q 0 0 0 rg BT 388.59 250.35 Td (. ) Tj ET Q q 0 0 0 rg BT 394.09 250.35 Td (Adjusted operating income in the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 231.20 Td (third quarter increased 13% to $213 million from $189 million. For the nine months of 2012, segment ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 212.05 Td (revenue was $5 billion, an increase of 5% from the prior year period, and 6% on an underlying basis. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 192.90 Td (Operating income increased 14% to $1.1 billion, compared with $925 million in 201) Tj ET Q q 0 0 0 rg BT 467.14 192.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 478.76 192.90 Td (Adjusted ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 173.80 Td (operating income rose 13% to $1 billion, compared with $918 million last year) Tj ET Q q 0 0 0 rg BT 441.04 173.80 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 137.25 Td (Marsh's revenue in the third quarter of 2012 was $1.3 billion, a 4% increase on an underlying basis. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 118.10 Td (International operations reported underlying revenue growth of 6% in the ) 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 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (3) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 741.00 Td (third quarter) Tj ET Q q 0 0 0 rg BT 123.70 741.00 Td (, reflecting growth of 7% in ) Tj ET Q q 0 0 0 rg BT 255.77 741.00 Td (Asia Pacific, and 5% in both EMEA) Tj ET Q q 0 0 0 rg BT 425.75 741.00 Td ( and Latin ) Tj ET Q q 0 0 0 rg BT 476.52 741.00 Td (America. In the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 721.90 Td (United States/Canada division, underlying revenue grew 3%. Guy Carpenter's third quarter revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 702.75 Td (was $249 million, an increase of 1% on an underlying basis, reflecting a moderating pricing ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 683.60 Td (environment and increased risk retention by clients. ) 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 65 645.481640625 m 116.97607421875 645.481640625 l s q 0 0 0 rg BT 65.00 647.05 Td (Consulting) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 116.98 647.05 Td ( ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 627.90 Td (Consulting segment revenue in the third quarter of 2012 was $1.3 billion, an increase of ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 608.80 Td (1%, or 3% on an underlying basis. Operating income increased 20% to $193 million, compared with ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 589.65 Td ($161 million in the prior year period. ) Tj ET Q q 0 0 0 rg BT 242.32 589.65 Td (Adjusted operating income rose 15% to $192 million, compared ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 570.50 Td (with $168 million. For the nine months of 2012, segment revenue increased 2% to $4 billion, or 4% ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 551.35 Td (on an underlying basis. Operating income increased 19% to $524 million, compared with $441 million ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 532.20 Td (in 201) Tj ET Q q 0 0 0 rg BT 94.15 532.20 Td (1. ) Tj ET Q q 0 0 0 rg BT 105.78 532.20 Td (Adjusted operating income rose 17% to $528 million, compared with $453 million last year) Tj ET Q q 0 0 0 rg BT 542.96 532.20 Td (. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 495.70 Td (Mercer's revenue in the third quarter of 2012 was $995 million, an increase of 3% on an underlying ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 476.55 Td (basis. Investments, with revenue of $129 million, had underlying revenue growth of 10%; Health & ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 457.40 Td (Benefits, with revenue of $256 million, rose 7%; Outsourcing, with revenue of $179 million, increased ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 438.25 Td (2%; ) Tj ET Q q 0 0 0 rg BT 86.81 438.25 Td (T) Tj ET Q q 0 0 0 rg BT 92.31 438.25 Td (alent, Rewards & Communications, with revenue of $179 million, was up 1%; and Retirement, ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 419.10 Td (with revenue of $252 million, was unchanged from the third quarter of 201) Tj ET Q q 0 0 0 rg BT 423.12 419.10 Td (1. Oliver W) Tj ET Q q 0 0 0 rg BT 477.41 419.10 Td (yman's revenue ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 400.00 Td (of $351 million in the third quarter of 2012 increased 3% on an underlying basis. ) 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 65 361.881640625 m 122.4599609375 361.881640625 l s q 0 0 0 rg BT 65.00 363.45 Td (Other Items) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 344.30 Td (The Company had an investment loss of $4 million in the third quarter) Tj ET Q q 0 0 0 rg BT 403.13 344.30 Td (. ) Tj ET Q q 0 0 0 rg BT 408.63 344.30 Td (At the end of the third quarter ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 325.15 Td (of 2012, cash and cash equivalents exceeded $2 billion. In the period, the Company repurchased 2.3 ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 306.00 Td (million shares of its common stock for $80 million. ) Tj ET Q q 0 0 0 rg BT 309.94 306.00 Td (The Company has $373 million remaining under ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 286.90 Td (the share repurchase program authorized by the Board of Directors. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 248.60 Td (On Oct. 12, 2012, Standard & Poor's Ratings Services raised its counterparty credit rating on the ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 229.45 Td (Company to 'BBB' from 'BBB-', citing material improvement in the Company's business and financial ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 210.30 Td (profiles in recent years. ) Tj ET Q q 0 0 0 rg BT 184.22 210.30 Td (At the same time, S&P) Tj ET Q q 0 0 0 rg BT 294.68 210.30 Td ( raised the Company's short-term rating by one notch ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 191.20 Td (to 'A-2'.) 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 65 151.33164062499998 m 143.87451171875 151.33164062499998 l s q 0 0 0 rg BT 65.00 152.90 Td (Conference Call) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 133.75 Td (A) Tj ET Q q 0 0 0 rg BT 71.73 133.75 Td ( conference call to discuss third quarter 2012 results will be held today at 8:30 a.m. Eastern ) Tj ET Q q 0 0 0 rg BT 518.49 133.75 Td (T) Tj ET Q q 0 0 0 rg BT 524.80 133.75 Td (ime. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 114.60 Td (T) Tj ET Q q 0 0 0 rg BT 70.50 114.60 Td (o participate in the teleconference, please dial +1 888 296 4215. Callers from outside the United ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 95.50 Td (States should dial +1 719 325 2197) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 237.78 95.50 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 240.53 95.50 Td ( ) Tj ET Q q 0 0 0 rg BT 243.38 95.50 Td (The access code for both numbers is 2270546) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 469.63 95.50 Td (.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 472.38 95.50 Td ( ) Tj ET Q q 0 0 0 rg BT 475.24 95.50 Td (The live audio ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 76.35 Td (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 209.29443359375 74.78164062500002 m 283.23828125 74.78164062500002 l s q 0 0 1 rg BT 209.29 76.35 Td (www) Tj ET Q q 0 0 1 rg BT 232.52 76.35 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 283.24 76.35 Td (. ) Tj ET Q q 0 0 0 rg BT 288.74 76.35 Td (A) Tj ET Q q 0 0 0 rg BT 295.47 76.35 Td ( replay of the webcast will be available approximately ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 57.20 Td (two hours after the event. ) 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 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (4) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 65.00 721.90 Td (About Marsh & McLennan Companies) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 702.75 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 212.70 702.75 Td (ANIES \(NYSE: MMC\) is a global team of professional services ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 683.60 Td (companies of) Tj ET Q q 0 0 0 rg BT 130.23 683.60 Td (fering clients advice and solutions in the areas of risk, strategy and human 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 65 662.881640625 m 95.5615234375 662.881640625 l s q 0 0 1 rg BT 65.00 664.45 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 95.56 664.45 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 398.2333984375 662.881640625 m 470.3779296875 662.881640625 l s q 0 0 1 rg BT 398.23 664.45 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 470.38 664.45 Td ( is a global leader ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 645.30 Td (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 336.44970703125 643.731640625 m 370.67431640625 643.731640625 l s q 0 0 1 rg BT 336.45 645.30 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 370.67 645.30 Td ( is a global leader in human resource ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 626.20 Td (consulting and related services; 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 243.55126953125 624.631640625 m 312.51611328125 624.631640625 l s q 0 0 1 rg BT 243.55 626.20 Td (Oliver W) Tj ET Q q 0 0 1 rg BT 285.62 626.20 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 312.52 626.20 Td ( is a global leader in management consulting. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 607.05 Td (Marsh & McLennan Companies' over 53,000 colleagues worldwide provide analysis, advice and ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 587.90 Td (transactional capabilities to clients in more than 100 countries. ) Tj ET Q q 0 0 0 rg BT 370.52 587.90 Td (The Company prides itself on being a ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 568.75 Td (responsible corporate citizen and making a positive impact in the communities in which it operates. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 65.00 549.60 Td (V) Tj ET Q q 0 0 0 rg BT 72.14 549.60 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 88.63818359375 548.031640625 m 162.58203125 548.031640625 l s q 0 0 1 rg BT 88.64 549.60 Td (www) Tj ET Q q 0 0 1 rg BT 111.86 549.60 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 162.58 549.60 Td ( for more information.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 508.20 Td (This press release contains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.50 508.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.94 508.20 Td (forward-looking statements,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.77 508.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.21 508.20 Td ( as defined in the Private Securities Litigation Reform ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 496.20 Td (Act of 1995. ) Tj ET Q q 0 0 0 rg BT 120.97 496.20 Td (These statements, which express management's current views concerning future events or results, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 484.20 Td (use words like ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.14 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 135.58 484.20 Td (anticipate,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.16 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.60 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.38 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 192.82 484.20 Td (assume,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.61 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 235.05 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.83 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.27 484.20 Td (believe,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.73 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.17 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.95 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.39 484.20 Td (continue,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.97 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.41 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.19 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 340.63 484.20 Td (estimate,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.20 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 385.64 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.42 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.86 484.20 Td (expect,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.10 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.54 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.31 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.75 484.20 Td (future,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.10 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.54 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.32 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 476.76 484.20 Td (intend,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.78 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.22 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.44 484.20 Td (plan,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.12 484.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 544.56 484.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 69.44 472.20 Td (project) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.45 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 103.89 472.20 Td ( and similar terms, and future or conditional tense verbs like ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.68 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.12 472.20 Td (could,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.81 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.25 472.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.02 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 413.46 472.20 Td (may) Tj ET Q q 0 0 0 rg BT 431.61 472.20 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.39 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 438.83 472.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.61 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 446.04 472.20 Td (might,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.28 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 477.71 472.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.49 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 484.93 472.20 Td (should,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.18 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 521.62 472.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.39 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 528.83 472.20 Td (will) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.72 472.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 547.16 472.20 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 460.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.46 460.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.90 460.20 Td (would.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.81 460.20 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 122.25 460.20 Td ( For example, we may use forward-looking statements when addressing topics such as: the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 448.20 Td (outcome of contingencies; the expected impact of acquisitions and dispositions; pension obligations; market ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 436.20 Td (and industry conditions; the impact of foreign currency exchange rates; our ef) Tj ET Q q 0 0 0 rg BT 406.67 436.20 Td (fective tax rates; the impact of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 424.20 Td (competition; changes in our business strategies and methods of generating revenue; the development and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 412.20 Td (performance of our services and products; changes in the composition or level of our revenues; our cost ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 400.20 Td (structure, dividend policy) Tj ET Q q 0 0 0 rg BT 174.31 400.20 Td (, cash flow and liquidity; future actions by regulators; and the impact of changes in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 388.20 Td (accounting rules. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 364.20 Td (Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 352.20 Td (results to dif) Tj ET Q q 0 0 0 rg BT 118.73 352.20 Td (fer materially from those expressed or implied in our forward-looking statements include, among ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 340.20 Td (other things:) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 314.04 cm /I2 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 316.20 Td (our exposure to potential liabilities arising from errors and omissions claims against us, particularly in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 304.20 Td (our 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 83.00 290.04 cm /I3 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 292.20 Td (our ability to make strategic acquisitions and dispositions and to integrate, and realize expected ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 280.20 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 83.00 266.04 cm /I4 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 268.20 Td (changes in the funded status of our global defined benefit pension plans and the impact of any ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 256.20 Td (increased pension funding resulting from those changes;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 242.04 cm /I5 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 244.20 Td (the impact of any regional, national or global political, economic, regulatory or market conditions on our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 232.20 Td (results of operations and financial condition, including the European debt crisis and market perceptions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 220.20 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 83.00 206.04 cm /I6 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 208.20 Td (the impact of changes in interest rates and deterioration of counterparty credit quality on our results ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 196.20 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 83.00 182.04 cm /I7 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 184.20 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 83.00 170.04 cm /I8 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 172.20 Td (the impact on our net income or cash flows and our ef) Tj ET Q q 0 0 0 rg BT 338.72 172.20 Td (fective tax rate in a particular period caused by ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 160.20 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 83.00 146.04 cm /I9 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 148.20 Td (the extent to which we retain existing clients and attract new business, and our ability to incentivize and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 136.20 Td (retain key employees;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 122.04 cm /I10 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 124.20 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 10.00 Tf ET q 0 0 0 rg BT 101.00 112.20 Td (laws and regulations that are applicable to our international operations, including trade sanctions laws ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 100.20 Td (such as the Iran ) Tj ET Q q 0 0 0 rg BT 174.75 100.20 Td (Threat Reduction and Syria Human Rights ) Tj ET Q q 0 0 0 rg BT 364.85 100.20 Td (Act of 2012, anti-corruption laws such as ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 88.20 Td (the U.S. Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 256.06 88.20 Td (Act and the UK Bribery ) Tj ET Q q 0 0 0 rg BT 360.00 88.20 Td (Act 2010, local laws prohibiting corrupt ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 76.20 Td (payments to government of) Tj ET Q q 0 0 0 rg BT 222.00 76.20 Td (ficials, as well as import and export restrictions;) 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 303.45 31.95 Td (5) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 727.59 cm /I11 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 729.75 Td (the impact of competition, including with respect to our geographic reach, the sophistication and quality ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 717.75 Td (of our services, our pricing relative to competitors, our customers' option to self-insure or utilize internal ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 705.75 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 83.00 691.59 cm /I12 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 693.75 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 494.01 693.75 Td (, as well as on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 681.75 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 83.00 667.59 cm /I13 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 669.75 Td (our ability to successfully recover should we experience a disaster or other business continuity ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 657.75 Td (problem;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 643.59 cm /I14 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 645.75 Td (our ability to maintain adequate physical, technical and administrative safeguards to protect the security ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 633.75 Td (of our data;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 83.00 619.59 cm /I15 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 621.75 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 83.00 607.59 cm /I16 Do Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 609.75 Td (potential income statement ef) Tj ET Q q 0 0 0 rg BT 231.45 609.75 Td (fects from the application of F) Tj ET Q q 0 0 0 rg BT 362.07 609.75 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 391.21 609.75 Td (ASC ) Tj ET Q q 0 0 0 rg BT 414.37 609.75 Td (T) Tj ET Q q 0 0 0 rg BT 419.37 609.75 Td (opic No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.06 609.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 458.56 609.75 Td (740 \() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.35 609.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 485.79 609.75 Td (Income ) Tj ET Q q 0 0 0 rg BT 521.18 609.75 Td (T) Tj ET Q q 0 0 0 rg BT 526.18 609.75 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 609.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 551.74 609.75 Td (\) ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 597.75 Td (regarding accounting treatment of uncertain tax benefits and valuation allowances, including the ef) Tj ET Q q 0 0 0 rg BT 535.54 597.75 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 585.75 Td (of any subsequent adjustments to the estimates we use in applying this accounting standard.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 101.00 573.75 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 561.75 Td (The factors identified above are not exhaustive. Marsh & McLennan Companies and its subsidiaries operate in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 549.75 Td (a dynamic business environment in which new risks may emerge frequently) Tj ET Q q 0 0 0 rg BT 398.30 549.75 Td (. ) Tj ET Q q 0 0 0 rg BT 403.30 549.75 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 454.25 549.75 Td (, we caution readers ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 537.75 Td (not to place undue reliance on the above forward-looking statements, which speak only as of the dates on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 525.75 Td (which they are made. ) Tj ET Q q 0 0 0 rg BT 162.65 525.75 Td (The Company undertakes no obligation to update or revise any forward-looking ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 513.75 Td (statement to reflect events or circumstances arising after the date on which it is made. Further information ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 501.75 Td (concerning Marsh & McLennan Companies and its businesses, including information about factors that could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 489.75 Td (materially af) Tj ET Q q 0 0 0 rg BT 118.73 489.75 Td (fect our results of operations and financial condition, is contained in the Company's filings with the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 477.75 Td (Securities and Exchange Commission, including the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.90 477.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 302.34 477.75 Td (Risk Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.90 477.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.34 477.75 Td ( section of our most recently filed ) Tj ET Q q 0 0 0 rg BT 510.74 477.75 Td (Annual ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 65.00 465.75 Td (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 /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (6) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.95 729.75 Td (Consolidated Statements of Income) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.00 717.75 Td (\(In millions, except per share figures\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.85 705.75 Td (\(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 693.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 648.25 m 351.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351.5 648.25 m 355.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 648.25 m 402.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 648.25 m 454.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 648.25 m 458.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 648.25 m 504.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 648.25 m 351.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 634.25 m 351.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 351.5 648.25 m 355.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 648.25 m 402.5 648.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 634.25 m 402.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 634.25 m 351.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 620.25 m 351.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 634.25 m 402.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 620.25 m 402.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 634.25 m 454.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 620.25 m 454.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 634.25 m 504.5 634.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 620.25 m 504.5 620.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 567.25 m 351.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 567.25 m 402.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 567.25 m 454.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 567.25 m 504.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 567.25 m 351.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 553.25 m 351.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 567.25 m 402.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 553.25 m 402.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 567.25 m 454.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 553.25 m 454.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 567.25 m 504.5 567.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 553.25 m 504.5 553.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 455.25 m 351.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 455.25 m 402.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 455.25 m 454.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 455.25 m 504.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 455.25 m 351.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 455.25 m 402.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 455.25 m 454.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 455.25 m 504.5 455.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 415.25 m 351.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 415.25 m 402.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 415.25 m 454.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 415.25 m 504.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 415.25 m 351.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 415.25 m 402.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 415.25 m 454.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 415.25 m 504.5 415.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 374.25 m 351.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 374.25 m 402.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 374.25 m 454.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 374.25 m 504.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 374.25 m 351.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 355.5 374.25 m 402.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 374.25 m 454.5 374.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 458.5 374.25 m 504.5 374.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 324.25 m 351.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 324.25 m 402.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 324.25 m 454.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 324.25 m 504.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 305.25 m 351.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 303.25 m 351.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 305.25 m 402.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 303.25 m 402.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 305.25 m 454.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 303.25 m 454.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 305.25 m 504.5 305.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 303.25 m 504.5 303.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 271.25 m 454.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 269.25 m 454.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 271.25 m 504.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 269.25 m 504.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 269.25 m 351.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 271.25 m 351.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 257.25 m 351.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 255.25 m 351.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 269.25 m 402.5 269.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 271.25 m 402.5 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 257.25 m 402.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 255.25 m 402.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 257.25 m 454.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 255.25 m 454.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 257.25 m 504.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 255.25 m 504.5 255.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 229.25 m 351.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 227.25 m 351.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 229.25 m 402.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 227.25 m 402.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 229.25 m 454.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 227.25 m 454.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 229.25 m 504.5 229.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 227.25 m 504.5 227.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 215.25 m 351.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 213.25 m 351.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 215.25 m 402.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 213.25 m 402.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 215.25 m 454.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 213.25 m 454.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 215.25 m 504.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 213.25 m 504.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 213.25 m 351.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 215.25 m 351.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 192.25 m 351.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 190.25 m 351.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 213.25 m 402.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 215.25 m 402.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 192.25 m 402.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 190.25 m 402.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 213.25 m 454.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 215.25 m 454.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 192.25 m 454.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 190.25 m 454.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 213.25 m 504.5 213.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 215.25 m 504.5 215.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 192.25 m 504.5 192.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 190.25 m 504.5 190.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 176.25 m 351.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 174.25 m 351.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 176.25 m 402.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 174.25 m 402.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 176.25 m 454.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 174.25 m 454.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 176.25 m 504.5 176.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 174.25 m 504.5 174.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 156.25 m 351.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 154.25 m 351.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 156.25 m 402.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 154.25 m 402.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 156.25 m 454.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 154.25 m 454.5 154.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 156.25 m 504.5 156.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 154.25 m 504.5 154.25 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 652.87 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 318.20 672.87 Td (Three Months) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 335.70 662.87 Td (Ended) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 316.80 652.87 Td (September 30,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.00 672.87 Td (Nine Months) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.70 662.87 Td (Ended) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 420.80 652.87 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 638.47 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 325.75 638.47 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 376.75 638.47 Td (2011) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 428.75 638.47 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 478.75 638.47 Td (2011) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 624.47 Td (Revenue) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 624.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.60 624.52 Td (2,845) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 624.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.60 624.47 Td (2,806) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 624.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 624.47 Td (8,922) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 624.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 624.47 Td (8,618) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 599.87 Td (Expense:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 451.00 599.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 585.47 Td (Compensation and Benefits) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.60 585.52 Td (1,760) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.60 585.47 Td (1,753) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 585.47 Td (5,332) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 585.47 Td (5,202) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 571.47 Td (Other Operating Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 571.47 Td (707) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 571.47 Td (743) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 571.47 Td (2,167) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 571.47 Td (2,169) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 557.47 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 81.89 557.47 Td (Operating Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 322.60 557.52 Td (2,467) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.60 557.47 Td (2,496) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 557.47 Td (7,499) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 557.47 Td (7,371) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 537.87 Td (Operating Income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 537.87 Td (378) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 537.87 Td (310) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 537.87 Td (1,423) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 537.87 Td (1,247) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 517.87 Td (Interest Income) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.05 517.92 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.05 517.87 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.50 517.87 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.50 517.87 Td (21) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 499.87 Td (Interest Expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 333.15 499.87 Td (\(44) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 347.65 499.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.15 499.87 Td (\(49) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.65 499.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 430.60 499.87 Td (\(135) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 450.65 499.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.60 499.87 Td (\(149) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.65 499.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 479.87 Td (Cost of Early Extinguishment of Debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 337.65 479.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 384.15 479.87 Td (\(72) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 398.65 479.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 440.65 479.87 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.15 479.87 Td (\(72) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 500.65 479.87 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 459.87 Td (Investment \(Loss\) Income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 338.75 459.87 Td (\(4) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 347.65 459.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 388.65 459.87 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.50 459.87 Td (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.50 459.87 Td (13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 439.87 Td (Income Before Income Taxes) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 439.87 Td (336) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 439.87 Td (198) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.60 439.87 Td (1,326) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.60 439.87 Td (1,060) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 419.87 Td (Income Tax Expense) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 336.50 419.87 Td (90) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.50 419.87 Td (65) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 419.87 Td (387) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 419.87 Td (322) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 399.87 Td (Income from Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 399.87 Td (246) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 399.87 Td (133) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 399.87 Td (939) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 399.87 Td (738) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 378.87 Td (Discontinued Operations, Net of Tax) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.05 378.92 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.05 378.87 Td (2) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 441.75 378.87 Td (\(1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 450.65 378.87 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.50 378.87 Td (17) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 358.87 Td (Net Income Before Non-Controlling Interests) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 358.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 358.87 Td (247) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 358.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 358.87 Td (135) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 358.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 358.87 Td (938) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 358.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 358.87 Td (755) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 338.87 Td (Less: Net Income Attributable to Non-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 328.87 Td (Controlling Interest) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.05 328.92 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 393.05 328.87 Td (5) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.50 328.87 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 489.50 328.87 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 308.87 Td (Net Income Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 308.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 308.87 Td (241) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 308.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 308.87 Td (130) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 308.87 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 308.87 Td (917) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 308.87 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 308.87 Td (737) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 288.87 Td (Basic Net Income Per Share) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 80.00 274.47 Td (- Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 274.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.15 274.47 Td (0.44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 274.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.15 274.47 Td (0.24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 274.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 431.15 274.47 Td (1.68) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 274.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.15 274.47 Td (1.32) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 80.00 260.47 Td (- Net Income ) Tj ET Q q 0 0 0 rg BT 142.42 260.47 Td (Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 260.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.15 260.47 Td (0.44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 260.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.15 260.47 Td (0.24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 260.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 431.15 260.47 Td (1.68) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 260.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.15 260.47 Td (1.35) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 246.47 Td (Diluted Net Income Per Share) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 80.00 232.47 Td (- Continuing Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 232.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.15 232.47 Td (0.43) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 232.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.15 232.47 Td (0.23) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 232.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 431.15 232.47 Td (1.66) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 232.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.15 232.47 Td (1.30) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 80.00 218.47 Td (- Net Income ) Tj ET Q q 0 0 0 rg BT 142.42 218.47 Td (Attributable to the Company) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 303.00 218.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.15 218.47 Td (0.44) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 218.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.15 218.47 Td (0.24) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 409.00 218.47 Td ($) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 431.15 218.47 Td (1.66) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.00 218.47 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 481.15 218.47 Td (1.33) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 204.47 Td (A) Tj ET Q q 0 0 0 rg BT 74.85 204.47 Td (verage Number of Shares Outstanding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 194.47 Td ( - Basic) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 195.87 Td (544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 195.87 Td (540) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 195.87 Td (544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 195.87 Td (543) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 179.87 Td ( - Diluted) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 179.87 Td (552) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 179.87 Td (549) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 179.87 Td (552) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 179.87 Td (552) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.00 159.87 Td (Shares Outstanding at 9/30) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.95 159.87 Td (544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 381.95 159.87 Td (538) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 433.95 159.87 Td (544) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 483.95 159.87 Td (538) 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 /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (7) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 203.25 729.75 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 379.57 729.75 Td (Analysis) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 262.55 717.75 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.45 705.75 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 376.5 681.25 m 419.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 419.5 681.25 m 423.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 681.25 m 483.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 681.25 m 487.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 681.25 m 536.5 681.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 654.25 m 266.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 654.25 m 270.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 654.25 m 319.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 654.25 m 266.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 643.25 m 266.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 266.5 654.25 m 270.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 654.25 m 319.5 654.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 643.25 m 319.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 643.25 m 536.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 323.5 643.25 m 372.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 376.5 643.25 m 419.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 643.25 m 483.5 643.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 605.25 m 266.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 605.25 m 319.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 605.25 m 266.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 605.25 m 319.5 605.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 581.25 m 266.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 581.25 m 319.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 581.25 m 266.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 570.25 m 266.5 570.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 581.25 m 319.5 581.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 570.25 m 319.5 570.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 530.25 m 266.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 530.25 m 319.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 530.25 m 266.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 518.25 m 266.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 530.25 m 319.5 530.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 518.25 m 319.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 518.25 m 266.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 505.25 m 266.5 505.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 518.25 m 319.5 518.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 505.25 m 319.5 505.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 218.5 505.25 m 266.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 489.25 m 266.5 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 487.25 m 266.5 487.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 505.25 m 319.5 505.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 489.25 m 319.5 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 487.25 m 319.5 487.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 685.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 221.00 685.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.00 685.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.50 685.48 Td (Components of Revenue Change*) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 658.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 228.90 666.48 Td (Three Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 241.15 658.48 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 328.15 663.48 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 336.00 655.48 Td (GAAP) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 330.80 647.48 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 379.90 655.48 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 384.60 647.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.85 663.48 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 428.95 655.48 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.10 647.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.60 655.48 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.80 647.48 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 645.93 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 245.20 645.93 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 298.20 645.93 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 633.48 Td (Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 221.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 379.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 633.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 620.93 Td (Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 221.00 620.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.25 620.98 Td (1,251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.00 620.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 620.98 Td (1,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 620.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 620.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 620.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 620.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 620.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 620.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 608.93 Td (Guy Carpenter) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.95 608.93 Td (249) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.95 608.93 Td (251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.05 608.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.20 608.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 608.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 608.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 608.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 608.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 608.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 596.93 Td ( Subtotal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.25 596.98 Td (1,500) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 596.98 Td (1,461) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 596.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 596.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 596.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 596.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 596.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 596.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 584.93 Td (Fiduciary Interest Income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 254.35 584.93 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 307.40 584.98 Td (14) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 572.93 Td ( ) Tj ET Q q 0 0 0 rg BT 78.97 572.93 Td (T) Tj ET Q q 0 0 0 rg BT 82.97 572.93 Td (otal Risk and Insurance Services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.25 572.98 Td (1,510) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 572.98 Td (1,475) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 572.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 572.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 572.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 572.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 572.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 572.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 572.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 572.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 558.48 Td (Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.00 558.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 545.93 Td (Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.95 545.93 Td (995) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.95 545.93 Td (975) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 545.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 545.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 545.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 545.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 545.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 545.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 533.93 Td (Oliver Wyman Group) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.95 533.93 Td (351) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 302.95 533.93 Td (364) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 355.05 533.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 533.93 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.05 533.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.20 533.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 533.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 533.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 521.93 Td ( Total Consulting) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.25 521.98 Td (1,346) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 521.98 Td (1,339) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 521.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 521.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 521.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 521.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 521.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 521.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 521.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 509.48 Td (Corporate / Eliminations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 251.70 509.48 Td (\(11) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 263.30 509.48 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 309.15 509.53 Td (\(8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 316.30 509.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 492.48 Td ( Total Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 221.00 492.48 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 243.25 492.53 Td (2,845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 273.00 492.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 296.25 492.53 Td (2,806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 357.75 492.48 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.80 492.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 402.05 492.48 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.20 492.48 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 492.48 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 492.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 492.48 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 492.48 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 69.50 465.95 Td (Revenue Details) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 69.50 456.35 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 375.5 422.25 m 418.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 418.5 422.25 m 423.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 422.25 m 483.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 422.25 m 487.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 422.25 m 536.5 422.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 398.25 m 265.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 265.5 398.25 m 269.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 398.25 m 318.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 385.25 m 265.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 385.25 m 318.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 322.5 385.25 m 371.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 375.5 385.25 m 418.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 385.25 m 483.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 487.5 385.25 m 536.5 385.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 335.25 m 265.5 335.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 335.25 m 318.5 335.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 311.25 m 265.5 311.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 311.25 m 318.5 311.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 311.25 m 265.5 311.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 300.25 m 265.5 300.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 298.25 m 265.5 298.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 300.25 m 318.5 300.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 298.25 m 318.5 298.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 219.25 m 265.5 219.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 219.25 m 318.5 219.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 217.5 219.25 m 265.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 203.25 m 265.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 201.25 m 265.5 201.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 269.5 219.25 m 318.5 219.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 203.25 m 318.5 203.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 201.25 m 318.5 201.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 426.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 426.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 426.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.00 426.48 Td (Components of Revenue Change*) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 402.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.90 410.48 Td (Three Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 240.15 402.48 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 327.15 405.48 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 335.00 397.48 Td (GAAP) Tj ET Q q 0 0 0 rg BT 357.97 397.48 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.80 389.48 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 378.90 397.48 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 383.60 389.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 427.85 405.48 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 428.95 397.48 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.10 389.48 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 490.60 397.48 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.80 389.48 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 389.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 244.20 389.48 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 297.20 389.48 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 375.48 Td (Marsh:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 220.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 490.00 375.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 362.93 Td (EMEA) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 220.00 362.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 362.93 Td (376) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.00 362.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 362.93 Td (367) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 362.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 362.93 Td (\(7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 362.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 362.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 362.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 362.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 350.93 Td (Asia Pacific) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 350.93 Td (165) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 350.93 Td (158) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 350.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 350.93 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 350.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 350.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 350.93 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 350.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 338.93 Td (Latin America) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 253.35 338.93 Td (81) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.40 338.98 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.05 338.93 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.20 338.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 338.93 Td (\(9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 338.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 465.20 338.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 338.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 338.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 326.93 Td ( Total International) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 326.93 Td (622) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 326.93 Td (609) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 326.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 326.93 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 326.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 326.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 326.93 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 326.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 314.93 Td (U.S. / Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 314.93 Td (629) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 314.93 Td (601) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 314.93 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.15 314.93 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 314.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 314.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 314.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 302.93 Td ( Total Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 220.00 302.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 242.25 302.98 Td (1,251) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.00 302.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 295.25 302.98 Td (1,210) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 302.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 302.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 302.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 302.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 302.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 302.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 302.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 302.93 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 68.00 284.48 Td (Mercer:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 315.00 284.48 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 271.93 Td (Retirement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 220.00 271.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 271.93 Td (252) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.00 271.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 271.93 Td (261) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.05 271.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.20 271.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 271.93 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 271.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 271.93 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 271.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.85 271.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 259.93 Td (Health and Benefits) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 259.93 Td (256) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 259.93 Td (239) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 259.93 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 259.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 259.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 259.93 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 259.93 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 259.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 247.48 Td (Talent, Rewards & Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 247.48 Td (179) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 247.48 Td (173) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 247.48 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 247.48 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 247.48 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 247.48 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 247.48 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 247.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 234.93 Td (Outsourcing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 234.93 Td (179) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 234.93 Td (186) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.05 234.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 361.20 234.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 234.93 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 234.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.05 234.93 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.20 234.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 234.93 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 234.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 222.93 Td (Investments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 222.93 Td (129) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 222.93 Td (116) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 352.30 222.93 Td (11) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 222.93 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 222.93 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 222.93 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.95 222.93 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 222.93 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 206.48 Td ( Total Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 220.00 206.48 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.95 206.48 Td (995) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 272.00 206.48 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.95 206.48 Td (975) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 356.75 206.48 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.80 206.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 401.05 206.48 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.20 206.48 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 468.75 206.48 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.85 206.48 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.40 206.48 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.85 206.48 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.00 202.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 183.93 Td (Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 168.48 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 160.48 Td (certain items such as:acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 137.48 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 /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (8) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 203.25 729.75 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 379.57 729.75 Td (Analysis) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.30 717.75 Td (Nine Months Ended) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.20 706.95 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 384 681.45 m 427 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427 681.45 m 431 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431 681.45 m 489 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 489 681.45 m 494 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 681.45 m 543 681.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 656.45 m 273 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 273 656.45 m 278 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 656.45 m 325 656.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 330 645.45 m 379 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 645.45 m 273 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 645.45 m 325 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 384 645.45 m 427 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431 645.45 m 489 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 494 645.45 m 543 645.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 609.45 m 273 609.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 609.45 m 325 609.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 585.45 m 273 585.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 585.45 m 325 585.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 574.45 m 273 574.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 574.45 m 325 574.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 530.45 m 273 530.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 530.45 m 325 530.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 518.45 m 273 518.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 518.45 m 325 518.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 225 500.45 m 273 500.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 278 500.45 m 325 500.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 480.45 m 273 480.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225 478.45 m 273 478.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 480.45 m 325 480.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 478.45 m 325 478.45 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 398.50 685.68 Td (Components of Revenue Change*) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 237.15 668.68 Td (Nine Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 247.15 660.68 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 334.65 665.68 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 342.50 657.68 Td (GAAP) Tj ET Q q 0 0 0 rg BT 365.47 657.68 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 337.30 649.68 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 387.40 657.68 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.10 649.68 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.35 665.68 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 435.45 657.68 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 446.60 649.68 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 497.10 657.68 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 501.30 649.68 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 251.70 648.13 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 303.70 648.13 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.50 637.13 Td (Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 625.13 Td (Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.50 625.13 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 625.18 Td (4,043) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.50 625.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 625.18 Td (3,845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 625.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 625.13 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 625.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 625.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 625.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 625.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 613.13 Td (Guy Carpenter) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 256.45 613.13 Td (881) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.45 613.13 Td (848) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 613.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 613.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 613.13 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 613.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.55 613.13 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.70 613.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 613.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 613.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 601.13 Td ( Subtotal) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 601.18 Td (4,924) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 601.18 Td (4,693) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 601.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 601.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 601.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 601.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 601.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 601.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 589.13 Td (Fiduciary Interest Income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 260.85 589.13 Td (31) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 312.90 589.18 Td (36) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 577.13 Td ( ) Tj ET Q q 0 0 0 rg BT 93.47 577.13 Td (T) Tj ET Q q 0 0 0 rg BT 97.47 577.13 Td (otal Risk and Insurance Services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 577.18 Td (4,955) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 577.18 Td (4,729) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 577.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 577.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 577.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 577.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 577.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 577.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 577.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 577.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.50 558.13 Td (Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 546.13 Td (Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 546.18 Td (2,912) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 546.18 Td (2,842) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 546.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 546.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 546.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 546.13 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 546.13 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 546.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 534.13 Td (Oliver Wyman Group) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 534.18 Td (1,088) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 534.18 Td (1,077) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 534.13 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 534.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 534.13 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 534.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 471.55 534.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.70 534.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 534.13 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 534.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 82.50 522.13 Td ( Total Consulting) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 522.18 Td (4,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 522.18 Td (3,919) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 522.13 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 522.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 522.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 522.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.70 522.13 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 522.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 522.13 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.50 504.13 Td (Corporate / Eliminations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 258.20 504.13 Td (\(33) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 269.80 504.13 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 310.20 504.13 Td (\(30) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.80 504.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.50 483.13 Td ( Total Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 227.50 483.13 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 249.75 483.18 Td (8,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.50 483.13 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 301.75 483.18 Td (8,618) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.90 483.13 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.35 483.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.55 483.13 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 416.70 483.13 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.25 483.13 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 481.30 483.13 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 530.90 483.13 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.35 483.13 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 83.00 457.15 Td (Revenue Details) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.00 447.55 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 387 413.04999999999995 m 432 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 432 413.04999999999995 m 436 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436 413.04999999999995 m 495 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495 413.04999999999995 m 500 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500 413.04999999999995 m 548 413.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223 393.04999999999995 m 272 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 272 393.04999999999995 m 281 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281 393.04999999999995 m 330 393.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223 378.04999999999995 m 272 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281 378.04999999999995 m 330 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 335 378.04999999999995 m 382 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 387 378.04999999999995 m 432 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 436 378.04999999999995 m 495 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 500 378.04999999999995 m 548 378.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223 330.04999999999995 m 272 330.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281 330.04999999999995 m 330 330.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223 306.04999999999995 m 272 306.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281 306.04999999999995 m 330 306.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 295.04999999999995 m 272 295.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 293.04999999999995 m 272 293.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 295.04999999999995 m 330 295.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 293.04999999999995 m 330 293.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 293.04999999999995 m 272 293.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 295.04999999999995 m 272 295.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 293.04999999999995 m 330 293.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 295.04999999999995 m 330 295.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 223 219.04999999999995 m 272 219.04999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281 219.04999999999995 m 330 219.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 208.04999999999995 m 272 208.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223 206.04999999999995 m 272 206.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 208.04999999999995 m 330 208.04999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 206.04999999999995 m 330 206.04999999999995 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 402.50 416.73 Td (Components of Revenue Change*) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 238.65 404.73 Td (Nine Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.65 396.73 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 338.65 398.28 Td (% Change) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.50 390.28 Td (GAAP) Tj ET Q q 0 0 0 rg BT 369.47 390.28 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 341.30 382.28 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.40 390.28 Td (Currency) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 396.10 382.28 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 439.85 398.28 Td (Acquisitions/) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.95 390.28 Td (Dispositions ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.10 382.28 Td (Impact) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 502.60 390.28 Td (Underlying) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.80 382.28 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 250.70 382.28 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 308.70 382.28 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 77.50 369.73 Td (Marsh:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 357.73 Td (EMEA) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 225.50 357.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.75 357.78 Td (1,408) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.50 357.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 357.78 Td (1,363) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 357.73 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 357.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 357.73 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 357.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 357.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 357.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 357.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 357.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 345.73 Td (Asia Pacific) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 345.73 Td (488) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 345.73 Td (452) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 345.73 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 345.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 345.73 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 345.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.70 345.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 345.73 Td (9) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 345.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 333.73 Td (Latin America) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 333.73 Td (242) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 333.73 Td (228) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 333.73 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 333.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 333.73 Td (\(6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 333.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.70 333.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.45 333.73 Td (12) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 333.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 321.73 Td ( Total International) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.75 321.78 Td (2,138) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 321.78 Td (2,043) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 321.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 321.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 321.73 Td (\(5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 321.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 321.73 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 321.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 321.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 321.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 309.73 Td (U.S. / Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.75 309.78 Td (1,905) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 309.78 Td (1,802) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 309.73 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 309.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 413.65 309.73 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 309.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 309.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 309.73 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 309.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 297.73 Td ( Total Marsh) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 225.50 297.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.75 297.78 Td (4,043) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.50 297.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 297.78 Td (3,845) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 297.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 297.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 297.73 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 297.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 297.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 297.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 297.73 Td (6) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 297.73 Td (%) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 77.50 280.73 Td (Mercer:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 268.73 Td (Retirement) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 225.50 268.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 268.73 Td (797) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.50 268.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 268.73 Td (813) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.55 268.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.70 268.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 268.73 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 268.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 268.73 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 268.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 532.35 268.78 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 256.73 Td (Health and Benefits) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 256.73 Td (764) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 256.73 Td (717) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 256.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 256.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 256.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 256.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 256.73 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 256.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 244.78 Td (Talent, Rewards & Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 244.78 Td (436) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 244.78 Td (417) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 244.78 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 244.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 244.78 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 244.78 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 244.78 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 244.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 244.78 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 244.78 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 234.73 Td (Outsourcing) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 234.73 Td (534) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 234.73 Td (550) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 364.55 234.73 Td (\(3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 371.70 234.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 234.73 Td (\(1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 234.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 477.55 234.73 Td (\(4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 484.70 234.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 234.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 234.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 222.73 Td (Investments) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 255.45 222.73 Td (381) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 313.45 222.73 Td (345) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 362.80 222.73 Td (10) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 222.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 222.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 222.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 222.73 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 222.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 222.73 Td (8) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 222.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.50 210.73 Td ( Total Mercer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 225.50 210.73 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 248.75 210.78 Td (2,912) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 283.50 210.73 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 306.75 210.78 Td (2,842) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.25 210.73 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.30 210.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 414.55 210.73 Td (\(2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.70 210.73 Td (\)%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 480.25 210.73 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 487.35 210.73 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 535.90 210.73 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 540.35 210.73 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 87.00 176.00 Td (Notes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 154.73 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 146.73 Td (certain items such as: acquisitions, dispositions and transfers among businesses.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 87.00 125.73 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 /F3 9.00 Tf ET q 0 0 0 rg BT 303.45 31.95 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 313.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.35 717.75 Td (Three Months Ended September 30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.45 705.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.00 546.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 686.93 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 380.92 686.93 Td ( measures," within the meaning of Regulation ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 678.93 Td (G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 189.68 678.93 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 236.68 678.93 Td (These measures are: a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 318.94 678.93 Td (djusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 531.50 678.93 Td (and) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 544.85 678.93 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 70.50 670.93 Td (adjusted income, net of tax.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 655.48 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 70.50 647.48 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 70.50 639.48 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-GAAP) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 631.48 Td (measures in isolation from, or as a substitute for, the financial information that the Company reports in accordance with GAAP.The) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 623.48 Td (Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 615.48 Td (measures presented by other companies.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 70.50 594.48 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 70.50 581.93 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 187.00 581.93 Td ( is calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 514.76 581.93 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 573.93 Td (operating income or loss.) Tj ET Q q 0 0 0 rg BT 164.18 573.93 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 70.50 565.93 Td (GAAP) Tj ET Q q 0 0 0 rg BT 92.59 565.93 Td ( operating income or \(loss\), on a consolidated and segment basis, for the three months ended September 30, 2012 and ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 70.50 557.93 Td (201) Tj ET Q q 0 0 0 rg BT 83.25 557.93 Td (1.) Tj ET Q q 0 0 0 rg BT 94.23 557.93 Td (The following tables also present a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 217.41 557.93 Td (djusted operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 305.46 557.93 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 70.50 549.93 Td (consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 181.97 549.93 Td ( revenue.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 65.5 488.25 m 254.5 488.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 502.25 m 321.5 502.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 502.25 m 401.5 502.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 502.25 m 470.5 502.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 502.25 m 550.5 502.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 474.25 m 321.5 474.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 474.25 m 401.5 474.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 474.25 m 470.5 474.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 474.25 m 550.5 474.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 412.25 m 321.5 412.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 398.25 m 321.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 412.25 m 401.5 412.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 398.25 m 401.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 412.25 m 470.5 412.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 398.25 m 470.5 398.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 412.25 m 550.5 412.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 398.25 m 550.5 398.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 385.25 m 321.5 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 383.25 m 321.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 385.25 m 401.5 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 383.25 m 401.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 385.25 m 470.5 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 383.25 m 470.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 385.25 m 550.5 385.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 383.25 m 550.5 383.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 371.25 m 321.5 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 369.25 m 321.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 371.25 m 401.5 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 369.25 m 401.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 371.25 m 470.5 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 369.25 m 470.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 371.25 m 550.5 371.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 369.25 m 550.5 369.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 357.25 m 321.5 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 355.25 m 321.5 355.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 357.25 m 401.5 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 355.25 m 401.5 355.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 357.25 m 470.5 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 355.25 m 470.5 355.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 357.25 m 550.5 357.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 355.25 m 550.5 355.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 65.5 326.25 m 254.5 326.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 312.25 m 321.5 312.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 312.25 m 401.5 312.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 312.25 m 470.5 312.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 312.25 m 550.5 312.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 252.25 m 321.5 252.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 258.5 238.25 m 321.5 238.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 252.25 m 401.5 252.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 338.5 238.25 m 401.5 238.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 252.25 m 470.5 252.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 407.5 238.25 m 470.5 238.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 252.25 m 550.5 252.25 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 488.5 238.25 m 550.5 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 225.25 m 321.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 223.25 m 321.5 223.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 225.25 m 401.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 223.25 m 401.5 223.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 225.25 m 470.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 223.25 m 470.5 223.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 225.25 m 550.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 223.25 m 550.5 223.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 211.25 m 321.5 211.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 209.25 m 321.5 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 211.25 m 401.5 211.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 209.25 m 401.5 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 211.25 m 470.5 211.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 209.25 m 470.5 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 211.25 m 550.5 211.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 209.25 m 550.5 209.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 197.25 m 321.5 197.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.5 195.25 m 321.5 195.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 197.25 m 401.5 197.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 195.25 m 401.5 195.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 197.25 m 470.5 197.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 195.25 m 470.5 195.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 197.25 m 550.5 197.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 195.25 m 550.5 195.25 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 506.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 275.45 524.65 Td (Risk &) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 268.20 515.65 Td (Insurance) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 270.95 506.65 Td (Services) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 346.00 506.65 Td (Consulting) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 415.70 515.65 Td (Corporate/) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 411.70 506.65 Td (Eliminations) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 508.55 506.65 Td (Total) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 492.65 Td (Three Months Ended September 30, 2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.00 492.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 492.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.00 492.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 492.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 478.65 Td (Operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 261.00 478.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 297.90 478.65 Td (234) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 341.00 478.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 377.90 478.65 Td (193) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 410.00 478.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.60 478.65 Td (\(49) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.65 478.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 491.00 478.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.90 478.65 Td (378) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 464.65 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 450.65 Td (Restructuring charges \(a\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 307.90 450.65 Td (6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 383.95 450.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 461.60 450.65 Td (4) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 531.90 450.65 Td (10) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 437.20 Td (Adjustments to acquisition related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 428.25 Td (accounts \(b\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 299.90 430.65 Td (\(25) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 312.95 430.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 384.90 430.65 Td (\(1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 392.95 430.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 457.65 430.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 528.90 430.65 Td (\(26) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 541.95 430.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 416.65 Td (Other ) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 304.90 416.65 Td (\(2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 312.95 416.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 383.95 416.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 458.60 416.65 Td (\(2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.65 416.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 533.90 416.65 Td (\(4) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 541.95 416.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 402.65 Td ( Operating income adjustments) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 299.90 402.65 Td (\(21) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 312.95 402.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 384.90 402.65 Td (\(1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 392.95 402.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 461.60 402.65 Td (2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 528.90 402.65 Td (\(20) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 541.95 402.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 388.65 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 261.00 388.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 297.90 388.65 Td (213) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 341.00 388.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 377.90 388.65 Td (192) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 410.00 388.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 453.60 388.65 Td (\(47) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.65 388.65 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 491.00 388.65 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.90 388.65 Td (358) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 374.65 Td (Operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 295.40 374.65 Td (15.5) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 312.95 374.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.40 374.65 Td (14.3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 392.95 374.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 451.80 374.65 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 524.40 374.65 Td (13.3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 541.95 374.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 360.65 Td (Adjusted operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 295.40 360.65 Td (14.1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 312.95 360.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 375.40 360.65 Td (14.3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 392.95 360.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 451.80 360.65 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 524.40 360.65 Td (12.6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 541.95 360.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 330.65 Td (Three Months Ended September 30, 201) Tj ET Q q 0 0 0 rg BT 238.05 330.65 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 318.00 330.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 398.00 330.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.00 330.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 547.00 330.65 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 316.65 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.00 316.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.90 316.65 Td (186) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 316.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.90 316.65 Td (161) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.00 316.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.60 316.65 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.65 316.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 316.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.90 316.65 Td (310) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 68.00 302.65 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 288.65 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.90 288.65 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.90 288.65 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.60 288.65 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.90 288.65 Td (11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 275.20 Td (Adjustments to acquisition related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 266.20 Td (accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.90 267.65 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 267.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.65 267.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 536.90 267.65 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 81.50 254.25 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 304.90 254.25 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 254.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 383.95 254.25 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 458.60 254.25 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.65 254.25 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 254.25 Td (\(4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.95 254.25 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 242.65 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 307.90 242.65 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.90 242.65 Td (7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.65 242.65 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 531.90 242.65 Td (10) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 228.65 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 261.00 228.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.90 228.65 Td (189) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.00 228.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 377.90 228.65 Td (168) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 410.00 228.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.60 228.65 Td (\(37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.65 228.65 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 491.00 228.65 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.90 228.65 Td (320) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 214.65 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 214.65 Td (12.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 214.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.40 214.65 Td (12.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.95 214.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.45 214.65 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.40 214.65 Td (11.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.95 214.65 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 68.00 200.65 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.40 200.65 Td (12.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.95 200.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 375.40 200.65 Td (12.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 392.95 200.65 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 452.45 200.65 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 524.40 200.65 Td (11.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 541.95 200.65 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.00 196.75 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 177.93 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 68.00 169.93 Td (related to recent acquisitions and cost reduction activities.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 156.93 Td (\(b\) Reflects the change from the re-measurement to fair value each quarter of contingent acquisition consideration, net of an $8 ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 148.93 Td (million impairment charge of an identifiable intangible asset in 2012.) 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 /F3 9.00 Tf ET q 0 0 0 rg BT 300.95 31.95 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 313.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.15 717.75 Td (Nine Months Ended September 30) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 269.20 706.95 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 676.13 Td (The Company presents below certain additional financial measures that are non-GAAP) Tj ET Q q 0 0 0 rg BT 386.74 676.13 Td ( measures, within the meaning of ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 668.13 Td (Regulation G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 236.16 668.13 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 283.15 668.13 Td (These measures are: ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 360.96 668.13 Td (adjusted operating income \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.58 668.13 Td (; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 481.03 668.13 Td (adjusted ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 76.50 660.13 Td (operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 136.54 660.13 Td (; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 140.98 660.13 Td (and adjusted income, net of tax.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 641.13 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 76.50 633.13 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 76.50 625.13 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 76.50 617.13 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 76.50 609.13 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 76.50 601.13 Td (non-GAAP measures presented by other companies.) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 76.50 584.13 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 76.50 572.13 Td (Adjusted operating income \(loss\) ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 195.23 572.13 Td (is calculated by excluding the impact of certain noteworthy items from the Company's GAAP) Tj ET Q q 0 0 0 rg BT 520.76 572.13 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 564.13 Td (operating income or loss. ) Tj ET Q q 0 0 0 rg BT 170.18 564.13 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 76.50 556.13 Td (GAAP) Tj ET Q q 0 0 0 rg BT 98.59 556.13 Td ( operating income or \(loss\), on a consolidated and segment basis, for the nine months ended September 30, 2012 and 201) Tj ET Q q 0 0 0 rg BT 532.49 556.13 Td (1. ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 76.50 548.13 Td (The following tables also present a) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.68 548.13 Td (djusted operating margin) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 287.74 548.13 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 76.50 540.13 Td (consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 187.97 540.13 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 254.5 481.45 m 325.5 481.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 481.45 m 400.5 481.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 481.45 m 478.5 481.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 481.45 m 552.5 481.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 70.5 469.45 m 254.5 469.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 457.45 m 325.5 457.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 457.45 m 400.5 457.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 457.45 m 478.5 457.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 457.45 m 552.5 457.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 457.45 m 325.5 457.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 457.45 m 400.5 457.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 457.45 m 478.5 457.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 457.45 m 552.5 457.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 399.45 m 325.5 399.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 254.5 387.45 m 325.5 387.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 399.45 m 400.5 399.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 387.45 m 400.5 387.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 399.45 m 478.5 399.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 387.45 m 478.5 387.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 399.45 m 552.5 399.45 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 496.5 387.45 m 552.5 387.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 370.45 m 325.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 368.45 m 325.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 370.45 m 400.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 368.45 m 400.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 370.45 m 478.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 368.45 m 478.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 370.45 m 552.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 368.45 m 552.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 368.45 m 325.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 370.45 m 325.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 368.45 m 400.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 370.45 m 400.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 368.45 m 478.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 370.45 m 478.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 368.45 m 552.5 368.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 370.45 m 552.5 370.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 349.45 m 325.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 347.45 m 325.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 349.45 m 400.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 347.45 m 400.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 349.45 m 478.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 347.45 m 478.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 349.45 m 552.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 347.45 m 552.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 347.45 m 325.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 349.45 m 325.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 337.45 m 325.5 337.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 335.45 m 325.5 335.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 347.45 m 400.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 349.45 m 400.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 337.45 m 400.5 337.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 335.45 m 400.5 335.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 347.45 m 478.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 349.45 m 478.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 337.45 m 478.5 337.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 335.45 m 478.5 335.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 347.45 m 552.5 347.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 349.45 m 552.5 349.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 337.45 m 552.5 337.45 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 335.45 m 552.5 335.45 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 275.45 503.85 Td (Risk &) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 268.20 494.85 Td (Insurance) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 270.95 485.85 Td (Services) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 347.50 485.85 Td (Consulting) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 422.20 494.85 Td (Corporate/) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 418.20 485.85 Td (Eliminations) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 513.55 485.85 Td (Total) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 472.40 Td (Nine Months Ended September 30, 2012) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 460.40 Td (Operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 257.00 460.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 294.40 460.40 Td (1,052) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 345.00 460.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 376.90 460.40 Td (524) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 415.00 460.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 456.95 460.40 Td (\(153) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 475.00 460.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 499.00 460.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 521.40 460.40 Td (1,423) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 73.00 448.40 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.00 436.40 Td (Restructuring charges \(a\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 311.90 436.40 Td (6) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 386.90 436.40 Td (7) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 469.95 436.40 Td (8) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 533.90 436.40 Td (21) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.00 424.40 Td (Adjustments to acquisition related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.00 415.40 Td (accounts \(b\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 303.90 415.85 Td (\(20) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 316.95 415.85 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 383.90 415.85 Td (\(3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 391.95 415.85 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.00 415.85 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 530.90 415.85 Td (\(23) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 543.95 415.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 82.00 402.40 Td (Other) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 308.90 402.40 Td (\(2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 316.95 402.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 382.95 402.40 Td () Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 466.95 402.40 Td (\(5) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 475.00 402.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 535.90 402.40 Td (\(7) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 543.95 402.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 390.40 Td ( Operating income adjustments) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 303.90 390.40 Td (\(16) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 316.95 390.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 386.90 390.40 Td (4) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 469.95 390.40 Td (3) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 535.90 390.40 Td (\(9) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 543.95 390.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 372.40 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 257.00 372.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 294.40 372.40 Td (1,036) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 345.00 372.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 376.90 372.40 Td (528) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 415.00 372.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 456.95 372.40 Td (\(150) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 475.00 372.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 499.00 372.40 Td ($) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 521.40 372.40 Td (1,414) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 351.40 Td (Operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 299.40 351.40 Td (21.2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 316.95 351.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 374.40 351.40 Td (13.1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 391.95 351.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 459.80 351.40 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.40 351.40 Td (15.9) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 543.95 351.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 73.00 339.40 Td (Adjusted operating margin) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 299.40 339.40 Td (20.9) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 316.95 339.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 374.40 339.40 Td (13.2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 391.95 339.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 459.80 339.40 Td (N/A) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 526.40 339.40 Td (15.8) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 543.95 339.40 Td (%) 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 71.5 302.45000000000005 m 253.5 302.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 290.45000000000005 m 326.5 290.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 290.45000000000005 m 400.5 290.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 290.45000000000005 m 478.5 290.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 290.45000000000005 m 551.5 290.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 233.45000000000005 m 326.5 233.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 253.5 221.45000000000005 m 326.5 221.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 233.45000000000005 m 400.5 233.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 221.45000000000005 m 400.5 221.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 233.45000000000005 m 478.5 233.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 412.5 221.45000000000005 m 478.5 221.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 233.45000000000005 m 551.5 233.45000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 495.5 221.45000000000005 m 551.5 221.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 201.45000000000005 m 326.5 201.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 199.45000000000005 m 326.5 199.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 201.45000000000005 m 400.5 201.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 199.45000000000005 m 400.5 199.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 201.45000000000005 m 478.5 201.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 199.45000000000005 m 478.5 199.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 201.45000000000005 m 551.5 201.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 199.45000000000005 m 551.5 199.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 189.45000000000005 m 326.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 187.45000000000005 m 326.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 189.45000000000005 m 400.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 187.45000000000005 m 400.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 189.45000000000005 m 478.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 187.45000000000005 m 478.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 189.45000000000005 m 551.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 187.45000000000005 m 551.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 187.45000000000005 m 326.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 189.45000000000005 m 326.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 177.45000000000005 m 326.5 177.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 175.45000000000005 m 326.5 175.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 187.45000000000005 m 400.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 189.45000000000005 m 400.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 177.45000000000005 m 400.5 177.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 175.45000000000005 m 400.5 175.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 187.45000000000005 m 478.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 189.45000000000005 m 478.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 177.45000000000005 m 478.5 177.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 175.45000000000005 m 478.5 175.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 187.45000000000005 m 551.5 187.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 189.45000000000005 m 551.5 189.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 177.45000000000005 m 551.5 177.45000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 175.45000000000005 m 551.5 175.45000000000005 l s BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 305.40 Td (Nine Months Ended September 30, 201) Tj ET Q q 0 0 0 rg BT 239.05 305.40 Td (1) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 293.40 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.00 293.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.90 293.40 Td (925) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 293.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.90 293.40 Td (441) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.00 293.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 293.40 Td (\(119) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 293.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 293.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.40 293.40 Td (1,247) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 74.00 281.40 Td (Add \(deduct\) impact of noteworthy items:) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 269.40 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.90 269.40 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.90 269.40 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 469.95 269.40 Td (3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 532.90 269.40 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 257.40 Td (Adjustments to acquisition related ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 248.40 Td (accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.90 249.85 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 249.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.95 249.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.00 249.85 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 534.90 249.85 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.95 249.85 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 83.00 236.40 Td (Other ) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.90 236.40 Td (\(5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 236.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 382.95 236.40 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.95 236.40 Td (\(6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 236.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.90 236.40 Td (\(11) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.95 236.40 Td (\)) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 224.40 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 309.90 224.40 Td (\(7) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 224.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 381.90 224.40 Td (12) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.95 224.40 Td (\(3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 224.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 537.90 224.40 Td (2) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 203.40 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 256.00 203.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 302.90 203.40 Td (918) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 345.00 203.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 376.90 203.40 Td (453) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 415.00 203.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 456.95 203.40 Td (\(122) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 475.00 203.40 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 498.00 203.40 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 520.40 203.40 Td (1,249) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 191.40 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.40 191.40 Td (19.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 191.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.40 191.40 Td (11.3) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 191.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 191.40 Td ( N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 191.40 Td (14.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.95 191.40 Td (%) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 74.00 179.40 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 300.40 179.40 Td (19.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.95 179.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 374.40 179.40 Td (11.6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 391.95 179.40 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 457.95 179.40 Td ( N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 525.40 179.40 Td (14.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 542.95 179.40 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 148.13 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 74.00 140.13 Td (related to recent acquisitions and cost reduction activities.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 126.68 Td (\(b\) Reflects the change from the re-measurement to fair value each quarter of contingent acquisition consideration, net of an $8 ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 118.68 Td (million impairment charge of an identifiable intangible asset in 2012.) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.00 78.95 Td ( ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 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 301.30 31.95 Td (1) Tj ET Q q 0 0 0 rg BT 305.64 31.95 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 741.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.80 729.75 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 313.28 729.75 Td ( Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 205.85 717.75 Td (Three and Nine Months Ended September 30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 264.45 705.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 109.00 686.93 Td (Adjusted income, net of tax) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 109.00 675.93 Td (Adjusted income, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 205.50 675.93 Td ( is calculated as: the Company's GAAP) Tj ET Q q 0 0 0 rg BT 344.28 675.93 Td ( income from continuing operations, adjusted to ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 109.00 667.93 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 449.04 667.93 Td (The related ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 109.00 659.93 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 109.00 651.93 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 109.00 643.93 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 388.5 601.25 m 444.5 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 601.25 m 514.5 601.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 590.25 m 324.5 590.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 563.25 m 444.5 563.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 536.25 m 384.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 527.25 m 444.5 527.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 527.25 m 514.5 527.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 517.25 m 444.5 517.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 515.25 m 444.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 517.25 m 514.5 517.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 515.25 m 514.5 515.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 498.25 m 444.5 498.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 498.25 m 514.5 498.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108.5 489.25 m 324.5 489.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 462.25 m 444.5 462.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 435.25 m 384.5 435.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 426.25 m 444.5 426.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 416.25 m 444.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 414.25 m 444.5 414.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 426.25 m 514.5 426.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 416.25 m 514.5 416.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 414.25 m 514.5 414.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 111.00 622.65 Td (Reconciliation of the Impact of Non-GAAP Measures on diluted earnings per share - Three and Nine Months Ended) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 111.00 615.65 Td (September 30, 2012 and 2011:) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 246.00 603.65 Td () Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 402.75 603.65 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 461.15 603.65 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 111.00 592.93 Td (Three Months Ended September 30, 2012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 356.00 593.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 416.00 593.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 481.00 593.65 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 582.70 Td (Income from continuing operations) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 582.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 582.70 Td (246) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 573.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 437.75 573.70 Td (6) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 564.70 Td ( Amount attributable to participating securities) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 434.65 564.70 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 555.70 Td ( Subtotal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 555.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 555.70 Td (240) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 451.00 555.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 498.00 555.70 Td (0.43) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 546.70 Td (\(Deduct\) operating loss adjustments) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 331.00 546.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 371.50 546.70 Td (\(20) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 381.65 546.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 537.70 Td (Deductimpact of income taxes) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 375.40 537.70 Td (\(4) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 381.65 537.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 431.50 528.70 Td (\(24) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 441.65 528.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 495.65 528.70 Td (\(0.04) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 511.65 528.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 133.50 519.65 Td (Adjusted income, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 519.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 519.65 Td (216) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 451.00 519.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 498.00 519.65 Td (0.39) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 414.55 499.70 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 461.15 499.70 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 111.00 489.98 Td (Nine Months Ended September 30, 2012) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 481.70 Td (Income from continuing operations) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 481.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 481.70 Td (939) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 472.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 433.80 472.70 Td (21) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 133.50 463.70 Td (Amount attributable to participating securities) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 437.75 463.70 Td (2) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 454.70 Td ( Subtotal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 454.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 454.70 Td (916) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 451.00 454.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 498.00 454.70 Td (1.66) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 445.70 Td (\(Deduct\) operating loss adjustments) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 331.00 445.70 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 375.40 445.70 Td (\(9) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 381.65 445.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 111.00 436.70 Td (Deduct impact of income taxes) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 375.40 436.70 Td (\(7) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 381.65 436.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 431.50 427.70 Td (\(16) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 441.65 427.70 Td (\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 495.65 427.70 Td (\(0.03) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 511.65 427.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 133.50 418.65 Td (Adjusted income, net of tax) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 391.00 418.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 429.95 418.65 Td (900) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 451.00 418.65 Td ($) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 498.00 418.65 Td (1.63) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 415.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 396.25 m 443.5 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 396.25 m 515.5 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 387.25 m 323.5 387.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 360.25 m 443.5 360.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 333.25 m 383.5 333.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 324.25 m 443.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 314.25 m 443.5 314.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 312.25 m 443.5 312.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 324.25 m 515.5 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 314.25 m 515.5 314.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 312.25 m 515.5 312.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 293.25 m 443.5 293.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 293.25 m 515.5 293.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 107.5 284.25 m 323.5 284.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 257.25 m 443.5 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 225.25 m 383.5 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 216.25 m 443.5 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 206.25 m 443.5 206.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 204.25 m 443.5 204.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 216.25 m 515.5 216.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 206.25 m 515.5 206.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.5 204.25 m 515.5 204.25 l s BT /F4 7.00 Tf ET q 0 0 0 rg BT 401.75 397.70 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 461.15 397.70 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 110.00 387.98 Td (Three Months Ended September 30, 201) Tj ET Q q 0 0 0 rg BT 261.16 387.98 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 379.70 Td (Income from continuing operations) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 379.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 379.70 Td (133) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 370.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.75 370.70 Td (5) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 361.70 Td ( Amount attributable to participating securities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.75 361.70 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 352.70 Td ( Subtotal) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 352.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 352.70 Td (127) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.00 352.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 499.00 352.70 Td (0.23) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 343.70 Td (Add operating income adjustments) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.00 343.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 372.85 343.70 Td (10) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 334.70 Td (Deductimpact of income taxes) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 374.40 334.70 Td (\(3) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 380.65 334.70 Td (\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.75 325.70 Td (7) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 499.00 325.70 Td (0.01) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 132.50 316.65 Td (Adjusted income, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 316.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 316.65 Td (134) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.00 316.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 499.00 316.65 Td (0.24) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 296.65 Td () Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 413.55 296.65 Td (Amount) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 461.15 296.65 Td (Diluted EPS) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 110.00 284.98 Td (Nine Months Ended September 30, 201) Tj ET Q q 0 0 0 rg BT 256.71 284.98 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 276.70 Td (Income from continuing operations) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 276.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 276.70 Td (738) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 267.70 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 432.80 267.70 Td (18) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 258.70 Td ( Amount attributable to participating securities) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.75 258.70 Td (5) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 249.70 Td ( Subtotal) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 249.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 249.70 Td (715) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.00 249.70 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 499.00 249.70 Td (1.30) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 240.65 Td (Add operating income adjustments) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 330.00 240.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 376.75 240.65 Td (2) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 229.25 Td (Addimpact of income taxes) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 376.75 229.25 Td (1) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 436.75 217.70 Td (3) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 505.55 217.70 Td () Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 132.50 208.65 Td (Adjusted income, net of tax) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 390.00 208.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 428.95 208.65 Td (718) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 450.00 208.65 Td ($) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 499.00 208.65 Td (1.30) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 186.25 Td (The results in the table above are not adjusted for debt extinguishment costs of $72 million, which reduced earnings in the three) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 110.00 179.25 Td (and nine months ended September 30, 2011.) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.40 151.75 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 250.30 139.75 Td (Supplemental Information) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.95 127.75 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.98 127.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 99.25 m 367.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 99.25 m 371.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 99.25 m 416.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 99.25 m 465.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 99.25 m 472.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 99.25 m 518.5 99.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 89.25 m 367.5 89.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 89.25 m 416.5 89.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 89.25 m 465.5 89.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 89.25 m 518.5 89.25 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 212.50 103.48 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 329.40 108.93 Td (Three Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 341.65 100.98 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 431.65 108.93 Td (Nine Months Ended) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 441.65 100.98 Td (September 30,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 346.20 90.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 395.20 90.98 Td (2011) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.60 90.98 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 486.10 90.98 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 110.00 80.93 Td (Depreciation and amortization expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.00 80.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 355.40 80.98 Td (87) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.00 80.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.40 80.93 Td (85) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.00 80.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.95 80.98 Td (254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 80.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.95 80.98 Td (250) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 110.00 69.93 Td (Stock option expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.00 69.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.85 69.98 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.00 69.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 408.80 69.93 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.00 69.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 453.40 69.93 Td (23) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 69.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 506.40 69.93 Td (16) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 110.00 58.93 Td (Capital expenditures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 325.00 58.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 350.95 58.98 Td (100) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 374.00 58.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.40 58.93 Td (63) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 423.00 58.93 Td ($) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 448.95 58.98 Td (249) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 475.00 58.93 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 501.95 58.98 Td (205) 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 /F3 9.00 Tf ET q 0 0 0 rg BT 300.95 31.95 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 730.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 227.90 718.10 Td (Marsh & McLennan Companies, Inc.) 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