%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream /GS0 gs q 266.00 0 0 44.00 63.00 703.00 cm /I1 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 18.00 Tf ET q 0 0 0 rg BT 63.00 669.40 Td (NEWS RELEASE) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 61.25 643.85 Td (Media Contact:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 61.25 633.05 Td (Edward L. Dandridge) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 61.25 622.30 Td (Marsh & McLennan Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 61.25 611.45 Td (+1 212 345 9751) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 61.25 599.41455078125 m 161.9287109375 599.41455078125 l s q 0 0 1 rg BT 61.25 600.70 Td (ed.dandridge@mmc.com) Tj ET Q BT /F3 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 399.25 643.85 Td (Investor Contact:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.25 633.05 Td (Keith W) Tj ET Q q 0 0 0 rg BT 430.42 633.05 Td (alsh) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.25 622.30 Td (Marsh & McLennan Companies) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.25 611.45 Td (+1 212 345 0057) Tj ET Q BT /F2 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.66 w 0 i [] 0 d 1 J 1 j 3 M 399.25 599.41455078125 m 491.904296875 599.41455078125 l s q 0 0 1 rg BT 399.25 600.70 Td (keith.walsh@mmc.com) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 11.00 Tf ET q 0 0 0 rg BT 192.45 572.20 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 343.19 572.20 Td (ANIES REPORTS ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 174.60 559.00 Td (FOURTH QUARTER ) Tj ET Q q 0 0 0 rg BT 280.52 559.00 Td (AND FULL-YEAR 2014 RESUL) Tj ET Q q 0 0 0 rg BT 436.78 559.00 Td (TS) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 213.10 527.90 Td (Excellent Underlying Revenue Growth ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 90.65 508.75 Td (Growth in GAAP) Tj ET Q q 0 0 0 rg BT 176.40 508.75 Td ( and ) Tj ET Q q 0 0 0 rg BT 201.67 508.75 Td (Adjusted Operating Income Produces Strong Margin Expansion) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 120.75 489.60 Td (Full-Y) Tj ET Q q 0 0 0 rg BT 150.89 489.60 Td (ear GAAP) Tj ET Q q 0 0 0 rg BT 201.84 489.60 Td ( EPS Increases to $2.65; ) Tj ET Q q 0 0 0 rg BT 331.06 489.60 Td (Adjusted EPS Rises 14% to $2.82) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 453.05 Td (NEW ) Tj ET Q q 0 0 0 rg BT 100.52 453.05 Td (YORK) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 132.30 453.05 Td (, February 6, 2015 - Marsh & McLennan Companies, Inc. \(NYSE: MMC\), a global ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 433.95 Td (professional services firm of) Tj ET Q q 0 0 0 rg BT 208.13 433.95 Td (fering clients advice and solutions in risk, strategy) Tj ET Q q 0 0 0 rg BT 448.81 433.95 Td (, and people, today ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 414.80 Td (reported financial results for the fourth quarter and year ended December 31, 2014.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 383.65 Td (Dan Glaser) Tj ET Q q 0 0 0 rg BT 127.03 383.65 Td (, President and CEO said: ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 257.26 383.65 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 262.14 383.65 Td (Marsh & McLennan Companies generated strong results in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 364.50 Td (the fourth quarter of 2014. On a consolidated basis, the Company produced underlying revenue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 345.35 Td (growth of 6%, with the adjusted operating margin increasing 70 basis points and 16% growth in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 326.25 Td (adjusted EPS to $.66.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 295.10 Td (For the year) Tj ET Q q 0 0 0 rg BT 134.36 295.10 Td (, Marsh & McLennan Companies) Tj ET Q q 0 0 0 rg BT 296.58 295.10 Td ( results were excellent. On a consolidated basis, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 275.95 Td (adjusted operating income grew 10%, our seventh consecutive year of double-digit growth, while the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 256.80 Td (adjusted margin increased 70 basis points to 18.1%. Marsh produced another year of outstanding ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 237.65 Td (performance, with substantial underlying revenue growth across all major geographies and record ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 218.55 Td (new business development. Guy Carpenter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.95 218.55 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 286.61 218.55 Td (s results for the year were solid, with underlying revenue ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 199.40 Td (growth of 2%, despite significant industry-wide headwinds. Mercer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.60 199.40 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 397.26 199.40 Td (s strong performance included ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 180.25 Td (3% underlying revenue growth, driving the Consulting segment) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 377.73 180.25 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 381.40 180.25 Td (s record profitability of nearly ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td ($1 billion, and impressive margin improvement. Oliver W) Tj ET Q q 0 0 0 rg BT 347.00 161.10 Td (yman) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 373.90 161.10 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 377.56 161.10 Td (s underlying revenue growth of 15% ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 141.95 Td (reflected double-digit increases in each quarter this year) Tj ET Q q 0 0 0 rg BT 344.71 141.95 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 110.85 Td (W) Tj ET Q q 0 0 0 rg BT 85.85 110.85 Td (ere proud to have delivered another year of excellent results, with strong revenue and EPS ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 91.70 Td (growth and the return of capital to shareholders through double-digit growth in dividends and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 72.55 Td (increased share repurchases, concluded Mr) Tj ET Q q 0 0 0 rg BT 289.06 72.55 Td (. Glaser) Tj ET Q q 0 0 0 rg BT 326.96 72.55 Td (.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (2) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 741.931640625 m 175.94677734375 741.931640625 l s q 0 0 0 rg BT 72.00 743.50 Td (Consolidated Results) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 724.40 Td (In the fourth quarter of 2014, consolidated revenue was $3.2 billion, an increase of 4%, or 6% on an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 705.25 Td (underlying basis, compared with the fourth quarter of 2013. Operating income rose 10% to $536 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.10 Td (million, compared with $489 million in the prior year period. ) Tj ET Q q 0 0 0 rg BT 361.20 686.10 Td (Adjusted operating income, which ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 666.95 Td (excludes noteworthy items as presented in the attached supplemental schedules, rose 9% to $553 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 647.80 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 103.17 647.80 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 105.92 647.80 Td ( Income from continuing operations, including expense related to the early extinguishment of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 628.70 Td (debt of $137 million was $269 million, or $.48 per share. Discontinued operations, net of tax, was ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 609.55 Td ($30 million, or $.06 per share, reflecting the favorable settlement of a tax matter related to a divested ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 590.40 Td (operation. Net income attributable to the Company was $294 million, or $.54 per diluted share. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 571.25 Td (Adjusted earnings per share grew 16% to $.66, compared with $.57 last year) Tj ET Q q 0 0 0 rg BT 444.38 571.25 Td (. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 540.10 Td (For the year 2014, revenue was $13 billion, an increase of 6%, or 5% on an underlying basis. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 521.00 Td (Operating income rose 1) Tj ET Q q 0 0 0 rg BT 191.64 521.00 Td (1% to $2.3 billion. ) Tj ET Q q 0 0 0 rg BT 280.92 521.00 Td (Adjusted operating income, which was also $2.3 billion, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 501.85 Td (rose 10%. Income from continuing operations was $1.5 billion, or $2.61 per share. Discontinued ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 482.70 Td (operations, net of tax, was $26 million, or $.04 per share, compared with $6 million, or $.01 per ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 463.55 Td (share, in the prior year) Tj ET Q q 0 0 0 rg BT 181.45 463.55 Td (. Net income attributable to the Company was $1.5 billion, or $2.65 per share. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 444.40 Td (Adjusted earnings per share for 2014 increased 14% to $2.82, compared with $2.48 in 2013. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 411.731640625 m 211.39599609375 411.731640625 l s q 0 0 0 rg BT 72.00 413.30 Td (Risk and Insurance Services) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 394.15 Td (Risk and Insurance Services revenue was $1.7 billion in the fourth quarter of 2014, an increase of ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 375.00 Td (4% on both a reported and underlying basis. Operating income increased to $339 million and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 355.85 Td (adjusted operating income increased 9% to $355 million. For the year) Tj ET Q q 0 0 0 rg BT 409.53 355.85 Td (, revenue was $6.9 billion, an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 336.70 Td (increase of 5%, or 3% underlying revenue growth. Operating income increased to $1.5 billion and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 317.60 Td (adjusted operating income rose 6% to $1.6 billion.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 286.45 Td (Marsh's revenue in the fourth quarter of 2014 was $1.5 billion, an increase of 4% on both a reported ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 267.30 Td (and underlying basis. International operations produced underlying revenue growth of 5%, reflecting ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 248.15 Td (growth of 6% in ) Tj ET Q q 0 0 0 rg BT 150.27 248.15 Td (Asia Pacific; 5% in EMEA; and 3% in Latin ) Tj ET Q q 0 0 0 rg BT 359.38 248.15 Td (America. In the US/Canada division, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 229.00 Td (underlying revenue rose 3%. Guy Carpenter's revenue in the fourth quarter was $212 million, an ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 209.90 Td (increase of 1% from the prior year) Tj ET Q q 0 0 0 rg BT 237.08 209.90 Td (, or 3% on an underlying basis.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 177.181640625 m 123.97607421875 177.181640625 l s q 0 0 0 rg BT 72.00 178.75 Td (Consulting) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 159.60 Td (Consulting revenue of $1.6 billion in the fourth quarter increased 5%, or 8% on an underlying basis, ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 140.45 Td (from the fourth quarter of 2013. Operating income and adjusted operating income increased 13% to ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 121.30 Td ($250 million and $251 million, respectively) Tj ET Q q 0 0 0 rg BT 277.24 121.30 Td (. For the year) Tj ET Q q 0 0 0 rg BT 342.05 121.30 Td (, revenue was $6.1 billion, an increase of 6% ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 102.20 Td (on both a reported and underlying basis. Operating income and adjusted operating income ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 83.05 Td (increased 18% to $996 million and $997 million, respectively) Tj ET Q q 0 0 0 rg BT 365.29 83.05 Td (. ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (3) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 743.50 Td (Mercer's revenue was $1.1 billion in the fourth quarter) Tj ET Q q 0 0 0 rg BT 333.35 743.50 Td (, an increase of 2%, or 5% on an underlying ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 724.40 Td (basis. Health, with revenue of $380 million, grew 4% on an underlying basis; Retirement, with ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 705.25 Td (revenue of $343 million, rose 5%; Investments, with revenue of $214 million, increased 12%; and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 686.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.50 686.10 Td (alent, with revenue of $169 million, rose 2%. Oliver W) Tj ET Q q 0 0 0 rg BT 338.47 686.10 Td (yman Group) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.99 686.10 Td () Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 402.66 686.10 Td (s revenue was $460 million in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 666.95 Td (the fourth quarter) Tj ET Q q 0 0 0 rg BT 155.78 666.95 Td (, an increase of 12%, or 15% on an underlying basis.) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 634.231640625 m 132.51611328125 634.231640625 l s q 0 0 0 rg BT 72.00 635.80 Td (Other Items ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 616.70 Td (In October 2014, the Company redeemed $230 million of 5.75% senior notes due in September ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 597.55 Td (2015 and $400 million of 9.25% senior notes due in 2019. ) Tj ET Q q 0 0 0 rg BT 355.56 597.55 Td (The Company incurred expense of $137 ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 578.40 Td (million related to the early extinguishment of this debt.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 547.25 Td (The Company repurchased 3.7 million shares of its common stock for $200 million in the fourth ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 528.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 106.25 528.10 Td (. For the full year) Tj ET Q q 0 0 0 rg BT 188.17 528.10 Td (, 15.5 million shares of stock were repurchased for $800 million. ) Tj ET Q q 0 0 0 rg BT 501.21 528.10 Td (At ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 509.00 Td (December 31, 2014, cash and cash equivalents was $2 billion. ) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 0.81 w 0 i [] 0 d 1 J 1 j 3 M 72 476.281640625 m 150.87451171875 476.281640625 l s q 0 0 0 rg BT 72.00 477.85 Td (Conference Call) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 458.70 Td (A) Tj ET Q q 0 0 0 rg BT 78.73 458.70 Td ( conference call to discuss fourth quarter and full-year 2014 results will be held today at 8:30 a.m. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 439.55 Td (Eastern time. ) Tj ET Q q 0 0 0 rg BT 139.66 439.55 Td (T) Tj ET Q q 0 0 0 rg BT 145.16 439.55 Td (o participate in the teleconference, please dial +1 888 503 8177. Callers from outside ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 420.40 Td (the United States should dial +1 719 325 2227. ) Tj ET Q q 0 0 0 rg BT 303.89 420.40 Td (The access code for both numbers is 2786620.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.19 420.40 Td ( ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 535.19 420.40 Td (The ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 401.30 Td (live audio webcast may be accessed at ) Tj ET Q BT /F2 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 265.82666015625 399.731640625 m 339.7705078125 399.731640625 l s q 0 0 1 rg BT 265.83 401.30 Td (www) Tj ET Q q 0 0 1 rg BT 289.05 401.30 Td (.mmc.com) Tj ET Q BT /F1 11.00 Tf ET q 0 0 1 rg BT 339.77 401.30 Td (.) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 342.52 401.30 Td ( ) Tj ET Q q 0 0 0 rg BT 344.97 401.30 Td (A) Tj ET Q q 0 0 0 rg BT 351.70 401.30 Td ( replay of the webcast will be available ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 382.15 Td (approximately two hours after the event.) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 351.00 Td (About Marsh & McLennan Companies) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 331.85 Td (MARSH & McLENNAN COMP) Tj ET Q q 0 0 0 rg BT 219.70 331.85 Td (ANIES \(NYSE: MMC\) is a global professional services firm of) Tj ET Q q 0 0 0 rg BT 517.20 331.85 Td (fering ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 312.70 Td (clients advice and solutions in the areas of risk, strategy) Tj ET Q q 0 0 0 rg BT 343.27 312.70 Td (, and people. ) Tj ET Q BT /F2 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 409.93310546875 311.131640625 m 440.49462890625 311.131640625 l s q 0 0 1 rg BT 409.93 312.70 Td (Marsh) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 440.49 312.70 Td ( is a global leader in ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 293.60 Td (insurance broking and risk management; ) Tj ET Q BT /F2 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 273.77587890625 292.031640625 m 345.92041015625 292.031640625 l s q 0 0 1 rg BT 273.78 293.60 Td (Guy Carpenter) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 345.92 293.60 Td ( is a global leader in providing risk and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 274.45 Td (reinsurance intermediary services; ) Tj ET Q BT /F2 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 242.564453125 272.88164062500005 m 276.7890625 272.88164062500005 l s q 0 0 1 rg BT 242.56 274.45 Td (Mercer) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 276.79 274.45 Td ( is a global leader in talent, health, retirement, and ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 255.30 Td (investment consulting; and ) Tj ET Q BT /F2 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 205.2998046875 253.73164062499995 m 274.2646484375 253.73164062499995 l s q 0 0 1 rg BT 205.30 255.30 Td (Oliver W) Tj ET Q q 0 0 1 rg BT 247.37 255.30 Td (yman) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 274.26 255.30 Td ( is a global leader in management consulting. With annual ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 236.15 Td (revenue of $13 billion and 57,000 colleagues worldwide, Marsh & McLennan Companies provides ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 217.00 Td (analysis, advice, and transactional capabilities to clients in more than 130 countries. ) Tj ET Q q 0 0 0 rg BT 482.70 217.00 Td (The Company ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 197.90 Td (prides itself on being a responsible corporate citizen and making a positive impact in the ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 72.00 178.75 Td (communities in which it operates. V) Tj ET Q q 0 0 0 rg BT 244.21 178.75 Td (isit ) Tj ET Q BT /F2 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 260.7080078125 177.181640625 m 334.65185546875 177.181640625 l s q 0 0 1 rg BT 260.71 178.75 Td (www) Tj ET Q q 0 0 1 rg BT 283.93 178.75 Td (.mmc.com) Tj ET Q BT /F2 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 334.65 178.75 Td ( for more information.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.00 744.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 108.92 744.25 Td (TION CONCERNING FOR) Tj ET Q q 0 0 0 rg BT 227.62 744.25 Td (W) Tj ET Q q 0 0 0 rg BT 236.51 744.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 322.99 744.25 Td (A) Tj ET Q q 0 0 0 rg BT 329.46 744.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 723.25 Td (This press release contains forward-looking statements, as defined in the Private Securities Litigation Reform ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 711.25 Td (Act of 1995. ) Tj ET Q q 0 0 0 rg BT 118.97 711.25 Td (These statements, which express management's current views concerning future events or results, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 699.25 Td (use words like anticipate, assume, believe, continue, estimate, expect, future, intend, plan, project ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 687.25 Td (and similar terms, and future or conditional tense verbs like could, may) Tj ET Q q 0 0 0 rg BT 384.62 687.25 Td (, might, should, will and would. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 675.25 Td (For example, we may use forward-looking statements when addressing topics such as: the outcome of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 663.25 Td (contingencies; the expected impact of acquisitions and dispositions; the impact of competition; pension ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 651.25 Td (obligations; the impact of foreign currency exchange rates; our ef) Tj ET Q q 0 0 0 rg BT 350.20 651.25 Td (fective tax rates; changes in our business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 639.25 Td (strategies and methods of generating revenue; the development and performance of our services and products; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 627.25 Td (changes in the composition or level of our revenues; our cost structure, dividend policy) Tj ET Q q 0 0 0 rg BT 444.68 627.25 Td (, cash flow and liquidity; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 615.25 Td (future actions by regulators; and the impact of changes in accounting rules.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 597.25 Td (Forward-looking statements are subject to inherent risks and uncertainties. Factors that could cause actual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 585.25 Td (results to dif) Tj ET Q q 0 0 0 rg BT 116.73 585.25 Td (fer materially from those expressed or implied in our forward-looking statements include, among ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 573.25 Td (other things:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 555.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 555.25 Td (the impact of competition, including with respect to our geographic reach, the sophistication and quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 543.25 Td (of our services, our pricing relative to competitors, our customers' option to self-insure or use internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 531.25 Td (resources instead of consultants, and our corporate tax rates relative to a number of our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 519.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 519.25 Td (the extent to which we retain existing clients and attract new business, and our ability to incentivize and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 507.25 Td (retain key employees;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 495.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 495.25 Td (the impact on expenses relating to our global pension plans of discount rates and asset returns and of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 483.25 Td (projected salary increases, mortality rates, demographics, inflation, and cash contributions due to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 471.25 Td (changes in the funded status of our global defined benefit pension plans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 459.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 459.25 Td (the impact on our net income of fluctuations in foreign currency exchange rates, particularly in light of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 447.25 Td (recent strengthening of the U.S. dollar against most other currencies worldwide;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 435.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 435.25 Td (our ability to maintain adequate physical, technical and administrative safeguards to protect the security ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 423.25 Td (of confidential or personal information or data, and the potential of a system or network disruption that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 411.25 Td (results in regulatory penalties, remedial costs or the improper disclosure of confidential or personal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 399.25 Td (information or data;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 387.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 387.25 Td (our exposure to potential liabilities arising from errors and omissions claims against us;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 375.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 375.25 Td (our exposure to potential civil remedies or criminal penalties if we fail to comply with foreign and U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 363.25 Td (laws that are applicable in the domestic and international jurisdictions in which we operate, including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 351.25 Td (evolving sanctions against Russia and existing trade sanctions laws relating to countries such as Cuba, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 339.25 Td (Iran, Sudan and Syria, anti-corruption laws such as the U.S. Foreign Corrupt Practices ) Tj ET Q q 0 0 0 rg BT 483.07 339.25 Td (Act and the U.K. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 327.25 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 132.90 327.25 Td (Act 2010, local laws prohibiting corrupt payments to government of) Tj ET Q q 0 0 0 rg BT 427.88 327.25 Td (ficials, as well as import and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 315.25 Td (export restrictions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 303.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 303.25 Td (our ability to make acquisitions and dispositions and to integrate, and realize expected synergies, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 291.25 Td (savings or benefits from, the businesses we acquire;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 279.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 279.25 Td (our ability to successfully recover should we experience a disaster or other business continuity problem, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 267.25 Td (such as an earthquake, hurricane, flood, terrorist attack, pandemic, security breach, cyber attack, power ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 255.25 Td (loss, telecommunications failure or other natural or man-made disaster;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 243.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 243.25 Td (the impact of changes in interest rates and deterioration of counterparty credit quality on our cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 231.25 Td (balances and the performance of our investment portfolios, including corporate and fiduciary funds;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 219.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 219.25 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 492.01 219.25 Td (, as well as on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 207.25 Td (our operating costs and competitive position;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 195.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 195.25 Td (changes in applicable tax or accounting requirements; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 183.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 183.25 Td (potential income statement ef) Tj ET Q q 0 0 0 rg BT 229.45 183.25 Td (fects from the application of F) Tj ET Q q 0 0 0 rg BT 360.07 183.25 Td (ASB's ) Tj ET Q q 0 0 0 rg BT 389.21 183.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 412.37 183.25 Td (T) Tj ET Q q 0 0 0 rg BT 417.37 183.25 Td (opic No. 740 \(Income ) Tj ET Q q 0 0 0 rg BT 518.35 183.25 Td (T) Tj ET Q q 0 0 0 rg BT 523.35 183.25 Td (axes\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 171.25 Td (regarding accounting treatment of uncertain tax benefits and valuation allowances, including the ef) Tj ET Q q 0 0 0 rg BT 533.54 171.25 Td (fect of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.00 159.25 Td (any subsequent adjustments to the estimates we use in applying this accounting standard.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 141.25 Td (The factors identified above are not exhaustive. Marsh & McLennan Companies and its subsidiaries operate in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 129.25 Td (dynamic business environment in which new risks may emerge frequently) Tj ET Q q 0 0 0 rg BT 387.96 129.25 Td (. ) Tj ET Q q 0 0 0 rg BT 392.96 129.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 443.91 129.25 Td (, we caution readers not to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 117.25 Td (place undue reliance on any forward-looking statements, which speak only as of the dates on which they are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 105.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 93.39 105.25 Td (The Company undertakes no obligation to update or revise any forward-looking statement to reflect ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 93.25 Td (events or circumstances arising after the date on which it is made. Further information concerning Marsh & ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 81.25 Td (McLennan Companies and its businesses, including information about factors that could materially af) Tj ET Q q 0 0 0 rg BT 508.62 81.25 Td (fect our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 69.25 Td (results of operations and financial condition, is contained in the Company's filings with the Securities and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 57.25 Td (Exchange Commission, including the Risk Factors section of our most recently filed ) Tj ET Q q 0 0 0 rg BT 440.38 57.25 Td (Annual Report on Form 10-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.00 45.25 Td (K.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.70 732.25 Td (Consolidated Statements of Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.75 720.25 Td (\(In millions, except per share figures\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.60 708.25 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 696.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 650.75 m 368.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 650.75 m 372.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 650.75 m 419.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 423.5 650.75 m 471.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 471.5 650.75 m 475.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 475.5 650.75 m 523.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 368.5 650.75 m 372.5 650.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 636.75 m 368.5 636.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 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ET q 0 0 0 rg BT 445.40 640.97 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.75 640.97 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 626.97 Td (Revenue) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 626.97 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.60 626.97 Td (3,246) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 626.97 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.60 626.97 Td (3,115) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.00 626.97 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 437.05 626.97 Td (12,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 626.97 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.05 626.97 Td (12,261) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 606.37 Td (Expense:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.00 591.37 Td (Compensation and Benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.60 591.37 Td (1,896) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.60 591.37 Td (1,833) Tj ET Q BT /F3 10.00 Tf ET q 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0 0 rg BT 508.50 461.37 Td (69) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 441.37 Td (Income Before Income Taxes) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 441.37 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.95 441.37 Td (438) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.60 441.37 Td (2,057) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.60 441.37 Td (1,973) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 421.37 Td (Income Tax Expense) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 353.50 421.37 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.95 421.37 Td (131) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.95 421.37 Td (586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.95 421.37 Td (594) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 401.37 Td (Income from Continuing Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 401.37 Td (269) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.95 401.37 Td (307) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 442.60 401.37 Td (1,471) Tj 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rg BT 478.00 276.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.15 276.37 Td (2.47) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 261.37 Td (Diluted Net Income Per Share) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 246.37 Td (- Continuing Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 246.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 246.37 Td (0.48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 246.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 246.37 Td (0.54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.00 246.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.15 246.37 Td (2.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 478.00 246.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.15 246.37 Td (2.42) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 87.00 231.37 Td (- Net Income Attributable to the Company) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 317.00 231.37 Td ($) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 345.15 231.37 Td (0.54) Tj 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Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.95 186.37 Td (553) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.95 186.37 Td (558) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 66.00 171.37 Td (Shares Outstanding at 12/31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.95 171.37 Td (540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.95 171.37 Td (547) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.95 171.37 Td (540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.95 171.37 Td (547) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 204.00 732.25 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 380.32 732.25 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 216.85 720.25 Td (Three Months Ended December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 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 374.5 683.75 m 417.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 683.75 m 421.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 683.75 m 481.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 683.75 m 485.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 683.75 m 534.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 656.75 m 264.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 656.75 m 268.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 656.75 m 317.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 656.75 m 264.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 645.75 m 264.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 656.75 m 268.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 656.75 m 317.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 645.75 m 317.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 645.75 m 417.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 645.75 m 481.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 645.75 m 534.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 645.75 m 370.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 607.75 m 264.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 607.75 m 317.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 607.75 m 264.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 607.75 m 317.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 583.75 m 264.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 583.75 m 317.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 583.75 m 264.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 572.75 m 264.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 583.75 m 317.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 572.75 m 317.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 532.75 m 264.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 532.75 m 317.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 532.75 m 264.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 520.75 m 264.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 532.75 m 317.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 520.75 m 317.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 520.75 m 264.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 507.75 m 264.5 507.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 520.75 m 317.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 507.75 m 317.5 507.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 507.75 m 264.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 491.75 m 264.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 489.75 m 264.5 489.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 507.75 m 317.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 491.75 m 317.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 489.75 m 317.5 489.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 687.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 687.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 687.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.50 687.98 Td (Components of Revenue Change*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 660.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 226.90 668.98 Td (Three Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.45 660.98 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.15 665.98 Td (% Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.00 657.98 Td (GAAP) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 649.98 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.90 657.98 Td (Currency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.60 649.98 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.85 665.98 Td (Acquisitions/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.95 657.98 Td (Dispositions ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.10 649.98 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.60 657.98 Td (Underlying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 649.98 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 648.43 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.20 648.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.20 648.43 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 635.98 Td (Risk and Insurance Services) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 623.43 Td (Marsh) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 219.00 623.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 623.48 Td (1,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 623.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 623.48 Td (1,418) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 623.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 623.43 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 623.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 623.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 623.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 611.43 Td (Guy Carpenter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.95 611.43 Td (212) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.95 611.43 Td (209) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 611.43 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 611.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 611.43 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 611.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 611.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 611.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 611.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 599.43 Td ( Subtotal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 599.48 Td (1,685) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 599.48 Td (1,627) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 599.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 599.43 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 599.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 599.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 599.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 587.43 Td (Fiduciary Interest Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 256.85 587.43 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.85 587.43 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 575.43 Td ( Total Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 575.48 Td (1,691) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 575.48 Td (1,633) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 575.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 575.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 575.43 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 575.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 575.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 575.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 575.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 575.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 560.98 Td (Consulting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 560.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 548.43 Td (Mercer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 548.48 Td (1,106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 548.48 Td (1,084) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 548.43 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 548.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 548.43 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 548.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 548.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 548.43 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 548.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 536.43 Td (Oliver Wyman Group) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 247.95 536.43 Td (460) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.95 536.43 Td (408) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 353.95 536.43 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 536.43 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 536.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 536.43 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.95 536.43 Td (15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 524.43 Td ( Total Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 524.48 Td (1,566) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 524.48 Td (1,492) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 524.43 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 524.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 524.43 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 524.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 524.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 524.43 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 524.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 511.98 Td (Corporate / Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.70 511.98 Td (\(11) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 261.30 511.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.70 511.98 Td (\(10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.30 511.98 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 494.98 Td ( Total Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 219.00 494.98 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 241.25 495.03 Td (3,246) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 494.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.25 495.03 Td (3,115) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.40 494.98 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.85 494.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 494.98 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 494.98 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 494.98 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 494.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 494.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 494.98 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 468.45 Td (Revenue Details) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 448.05 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 373.5 413.95000000000005 m 416.5 413.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 413.95000000000005 m 421.5 413.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 413.95000000000005 m 481.5 413.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 413.95000000000005 m 485.5 413.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 413.95000000000005 m 534.5 413.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 389.95000000000005 m 263.5 389.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263.5 389.95000000000005 m 267.5 389.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 389.95000000000005 m 316.5 389.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 389.95000000000005 m 263.5 389.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 376.95000000000005 m 263.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 389.95000000000005 m 316.5 389.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 376.95000000000005 m 316.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 376.95000000000005 m 369.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 376.95000000000005 m 416.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 376.95000000000005 m 481.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 376.95000000000005 m 534.5 376.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 326.95000000000005 m 263.5 326.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 326.95000000000005 m 316.5 326.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 302.95000000000005 m 263.5 302.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 302.95000000000005 m 316.5 302.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 291.95000000000005 m 263.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 289.95000000000005 m 263.5 289.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 291.95000000000005 m 316.5 291.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 289.95000000000005 m 316.5 289.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 221.95000000000005 m 263.5 221.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 221.95000000000005 m 316.5 221.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 206.95000000000005 m 263.5 206.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 204.95000000000005 m 263.5 204.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 206.95000000000005 m 316.5 206.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 204.95000000000005 m 316.5 204.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 418.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 418.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 418.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.00 418.18 Td (Components of Revenue Change*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 394.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 225.90 402.18 Td (Three Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.45 394.18 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.15 397.18 Td (% Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.00 389.18 Td (GAAP) Tj ET Q q 0 0 0 rg BT 355.97 389.18 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.80 381.18 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.90 389.18 Td (Currency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.60 381.18 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.85 397.18 Td (Acquisitions/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.95 389.18 Td (Dispositions ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.10 381.18 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.60 389.18 Td (Underlying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 381.18 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 381.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.20 381.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.20 381.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 367.18 Td (Marsh:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 367.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 354.63 Td (EMEA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 354.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 354.63 Td (471) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 354.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 354.63 Td (466) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 354.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 354.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 354.63 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 354.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 354.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 354.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 354.63 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 354.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 342.63 Td (Asia Pacific) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 342.63 Td (163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 342.63 Td (163) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.20 342.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 342.63 Td (\(5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 342.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.20 342.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 342.63 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 342.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 330.63 Td (Latin America) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 330.63 Td (128) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 330.63 Td (132) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.05 330.63 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.20 330.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.55 330.63 Td (\(10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 330.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 330.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 330.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 330.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 330.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 318.63 Td ( Total International) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 318.63 Td (762) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 318.63 Td (761) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.20 318.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 318.63 Td (\(6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 318.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 318.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 318.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 318.63 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 318.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 306.63 Td (U.S. / Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 306.63 Td (711) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 306.63 Td (657) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 306.63 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 306.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 306.63 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 306.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 306.63 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 306.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 306.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 306.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 294.63 Td ( Total Marsh) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 294.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 294.68 Td (1,473) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 294.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 294.68 Td (1,418) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 294.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 294.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 294.63 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 294.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 294.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 294.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 294.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 294.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 276.18 Td (Mercer:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 276.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 263.63 Td (Health) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 263.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 263.63 Td (380) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 263.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 263.63 Td (376) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 263.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 263.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 263.63 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 263.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.05 263.63 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.20 263.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 263.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 263.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 251.63 Td (Retirement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 251.63 Td (343) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 251.63 Td (338) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 251.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 251.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 251.63 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 251.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.20 251.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 251.63 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 251.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 239.18 Td (Investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 239.18 Td (214) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 239.18 Td (199) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 239.18 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 239.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 239.18 Td (\(6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 239.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 239.18 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 239.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.95 239.18 Td (12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 239.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 226.18 Td (Talent) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 226.18 Td (169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 226.18 Td (171) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.05 226.18 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.20 226.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 226.18 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 226.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.75 226.18 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 226.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 226.18 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 226.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 210.18 Td ( Total Mercer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 210.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 210.23 Td (1,106) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 210.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 210.23 Td (1,084) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 210.18 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 210.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 210.18 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 210.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.20 210.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 210.18 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 210.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.00 206.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 151.63 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 137.63 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 129.63 Td (items that af) Tj ET Q q 0 0 0 rg BT 109.43 129.63 Td (fect comparability such as: acquisitions, dispositions and transfers among businesses. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 105.18 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 204.00 732.25 Td (Supplemental Information - Revenue ) Tj ET Q q 0 0 0 rg BT 380.32 732.25 Td (Analysis) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 214.15 720.25 Td (T) Tj ET Q q 0 0 0 rg BT 219.52 720.25 Td (welve Months Ended December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 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 374.5 683.75 m 417.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 417.5 683.75 m 421.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 683.75 m 481.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 683.75 m 485.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 683.75 m 534.5 683.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 656.75 m 264.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 656.75 m 268.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 656.75 m 317.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 656.75 m 264.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 645.75 m 264.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 264.5 656.75 m 268.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 656.75 m 317.5 656.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 645.75 m 317.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 645.75 m 534.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 321.5 645.75 m 370.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 374.5 645.75 m 417.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 645.75 m 481.5 645.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 607.75 m 264.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 607.75 m 317.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 607.75 m 264.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 607.75 m 317.5 607.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 583.75 m 264.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 583.75 m 317.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 583.75 m 264.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 572.75 m 264.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 583.75 m 317.5 583.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 572.75 m 317.5 572.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 532.75 m 264.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 532.75 m 317.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 532.75 m 264.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 520.75 m 264.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 532.75 m 317.5 532.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 520.75 m 317.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 520.75 m 264.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 507.75 m 264.5 507.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 520.75 m 317.5 520.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 507.75 m 317.5 507.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 216.5 507.75 m 264.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 491.75 m 264.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 489.75 m 264.5 489.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 268.5 507.75 m 317.5 507.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 491.75 m 317.5 491.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 489.75 m 317.5 489.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 687.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 687.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 687.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.50 687.98 Td (Components of Revenue Change*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 660.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 224.75 668.98 Td (Twelve Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.45 660.98 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 326.15 665.98 Td (% Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.00 657.98 Td (GAAP) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.80 649.98 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.90 657.98 Td (Currency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 382.60 649.98 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.85 665.98 Td (Acquisitions/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.95 657.98 Td (Dispositions ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.10 649.98 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.60 657.98 Td (Underlying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 649.98 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 648.43 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 243.20 648.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 296.20 648.43 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 635.98 Td (Risk and Insurance Services) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 219.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 635.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 623.43 Td (Marsh) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 219.00 623.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 623.48 Td (5,753) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 623.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 623.48 Td (5,438) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 623.43 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 623.43 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 623.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 623.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 623.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 623.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 611.43 Td (Guy Carpenter) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 611.48 Td (1,154) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 611.48 Td (1,131) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 611.43 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 611.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.15 611.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 611.43 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 611.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 611.43 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 611.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 599.43 Td ( Subtotal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 599.48 Td (6,907) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 599.48 Td (6,569) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 599.43 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 599.43 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 599.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 599.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 599.43 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 599.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 587.43 Td (Fiduciary Interest Income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.75 587.48 Td (24) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.75 587.48 Td (27) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 575.43 Td ( Total Risk and Insurance Services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 575.48 Td (6,931) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 575.48 Td (6,596) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 575.43 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 575.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 575.43 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 575.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 575.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 575.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 575.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 575.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 560.98 Td (Consulting) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.00 560.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 548.43 Td (Mercer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 548.48 Td (4,350) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 548.48 Td (4,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 548.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 548.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 548.43 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 548.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 548.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 548.43 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 548.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 536.43 Td (Oliver Wyman Group) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 536.48 Td (1,709) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 536.48 Td (1,460) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.75 536.43 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.15 536.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 536.43 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.95 536.43 Td (15) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 536.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 524.43 Td ( Total Consulting) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.60 524.48 Td (6,059) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.60 524.48 Td (5,701) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 524.43 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 524.43 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 524.43 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 524.43 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 524.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 524.43 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 524.43 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 511.98 Td (Corporate / Eliminations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.00 511.98 Td (\(39) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 260.65 511.98 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.05 512.03 Td (\(36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.65 511.98 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 494.98 Td ( Total Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 219.00 494.98 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 236.10 494.98 Td (12,951) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 494.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.15 495.03 Td (12,261) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.20 494.98 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.80 494.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.05 494.98 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.20 494.98 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 494.98 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 494.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.40 494.98 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 494.98 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.00 Tf ET q 0 0 0 rg BT 67.50 451.45 Td (Revenue Details) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 67.50 431.05 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 373.5 396.95000000000005 m 416.5 396.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 416.5 396.95000000000005 m 421.5 396.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 396.95000000000005 m 481.5 396.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 481.5 396.95000000000005 m 485.5 396.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 396.95000000000005 m 534.5 396.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 372.95000000000005 m 263.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263.5 372.95000000000005 m 267.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 372.95000000000005 m 316.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 372.95000000000005 m 263.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 359.95000000000005 m 263.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 263.5 372.95000000000005 m 267.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 372.95000000000005 m 316.5 372.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 359.95000000000005 m 316.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 359.95000000000005 m 369.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 373.5 359.95000000000005 m 416.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 421.5 359.95000000000005 m 481.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 359.95000000000005 m 534.5 359.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 309.95000000000005 m 263.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 309.95000000000005 m 316.5 309.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 285.95000000000005 m 263.5 285.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 285.95000000000005 m 316.5 285.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 274.95000000000005 m 263.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 272.95000000000005 m 263.5 272.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 274.95000000000005 m 316.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 272.95000000000005 m 316.5 272.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 204.95000000000005 m 263.5 204.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 192.95000000000005 m 263.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 190.95000000000005 m 263.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 267.5 204.95000000000005 m 316.5 204.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 192.95000000000005 m 316.5 192.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 190.95000000000005 m 316.5 190.95000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 401.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 401.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 401.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.00 401.18 Td (Components of Revenue Change*) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 377.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 223.75 385.18 Td (Twelve Months Ended) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 239.45 377.18 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 325.15 380.18 Td (% Change) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 333.00 372.18 Td (GAAP) Tj ET Q q 0 0 0 rg BT 355.97 372.18 Td ( ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.80 364.18 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.90 372.18 Td (Currency) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 381.60 364.18 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.85 380.18 Td (Acquisitions/) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.95 372.18 Td (Dispositions ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.10 364.18 Td (Impact) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 488.60 372.18 Td (Underlying) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 492.80 364.18 Td (Revenue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 364.18 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 242.20 364.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.20 364.18 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 350.18 Td (Marsh:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 376.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 488.00 350.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 337.63 Td (EMEA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 337.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 337.68 Td (1,980) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 337.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 337.68 Td (1,902) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 337.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 337.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.15 337.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 337.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 337.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 337.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 337.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 325.63 Td (Asia Pacific) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 325.63 Td (683) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 325.63 Td (659) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 325.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 325.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 325.63 Td (\(4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 325.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 325.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 325.63 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 325.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 313.63 Td (Latin America) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 313.63 Td (413) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 313.63 Td (392) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 313.63 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 313.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.55 313.63 Td (\(10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 313.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 313.63 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 313.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.30 313.63 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 313.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 301.63 Td ( Total International) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 301.68 Td (3,076) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 301.68 Td (2,953) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 301.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 301.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 301.63 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 301.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 301.63 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 301.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 301.63 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 301.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 289.63 Td (U.S. / Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 289.68 Td (2,677) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 289.68 Td (2,485) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 289.63 Td (8) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 289.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 289.63 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 289.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 289.63 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 289.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 289.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 289.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 277.63 Td ( Total Marsh) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 277.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 277.68 Td (5,753) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 277.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 277.68 Td (5,438) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 277.63 Td (6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 277.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 277.63 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 277.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 277.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 277.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 277.63 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 277.63 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 66.00 259.18 Td (Mercer:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.00 259.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 246.63 Td (Health) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 246.63 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 246.68 Td (1,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 246.63 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 246.68 Td (1,511) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 246.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 246.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 246.63 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 246.63 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 246.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 246.63 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 246.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 234.63 Td (Retirement) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 234.68 Td (1,375) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 234.68 Td (1,344) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 234.63 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 234.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.15 234.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 234.63 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 234.63 Td (2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 234.63 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 222.18 Td (Investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 222.18 Td (836) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 222.18 Td (780) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 222.18 Td (7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 222.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 222.18 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 222.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.40 222.18 Td (1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 222.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 222.18 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 222.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 209.18 Td (Talent) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 246.95 209.18 Td (586) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 299.95 209.18 Td (606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.05 209.18 Td (\(3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.20 209.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 209.18 Td (\(2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 209.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 209.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.05 209.18 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 209.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 196.18 Td ( Total Mercer) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 218.00 196.18 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 240.25 196.23 Td (4,350) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 196.18 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 293.25 196.23 Td (4,241) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.75 196.18 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.80 196.18 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.05 196.18 Td (\(1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 406.20 196.18 Td (\)%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.80 196.18 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.75 196.18 Td (3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.85 196.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.00 175.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 132.63 Td (Notes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 118.63 Td (Underlying revenue measures the change in revenue using consistent currency exchange rates, excluding the impact of certain ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 110.63 Td (items that af) Tj ET Q q 0 0 0 rg BT 109.43 110.63 Td (fect comparability such as: acquisitions, dispositions and transfers among businesses. ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 86.18 Td (* Components of revenue change may not add due to rounding.) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.75 720.25 Td (Three Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 537.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 677.43 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 378.92 677.43 Td ( measures," within the meaning of Regulation ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 669.43 Td (G under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 187.68 669.43 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 234.68 669.43 Td (These measures are: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 312.49 669.43 Td (adjusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.50 669.43 Td (and) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 542.85 669.43 Td ( ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 68.50 661.43 Td (adjusted income, net of tax.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 645.98 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 637.98 Td (performance from period to period.Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 629.98 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 621.98 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 /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 613.98 Td (Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 605.98 Td (measures presented by other companies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.50 584.98 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 68.50 572.43 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.00 572.43 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 512.76 572.43 Td ( ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 564.43 Td (operating income or loss.) Tj ET Q q 0 0 0 rg BT 162.18 564.43 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 556.43 Td (GAAP) Tj ET Q q 0 0 0 rg BT 90.59 556.43 Td ( operating income or \(loss\), on a consolidated and segment basis, for the three months ended December 31, 2014 and ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 548.43 Td (2013.) Tj ET Q q 0 0 0 rg BT 92.82 548.43 Td (The following tables also present ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 211.55 548.43 Td (adjusted operating margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.06 548.43 Td (, which is calculated by dividing adjusted operating income by ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 540.43 Td (consolidated or segment GAAP) Tj ET Q q 0 0 0 rg BT 179.97 540.43 Td ( revenue.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 478.75 m 273.5 478.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 492.75 m 343.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 492.75 m 413.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 492.75 m 483.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 492.75 m 552.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 464.75 m 343.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 464.75 m 413.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 464.75 m 483.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 464.75 m 552.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 422.75 m 343.5 422.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 408.75 m 343.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 422.75 m 413.5 422.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 408.75 m 413.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 422.75 m 483.5 422.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 408.75 m 483.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 422.75 m 552.5 422.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 408.75 m 552.5 408.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 395.75 m 343.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 393.75 m 343.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 395.75 m 413.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 393.75 m 413.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 395.75 m 483.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 393.75 m 483.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 395.75 m 552.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 393.75 m 552.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 381.75 m 343.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 379.75 m 343.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 381.75 m 413.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 379.75 m 413.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 393.75 m 483.5 393.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 395.75 m 483.5 395.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 381.75 m 483.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 379.75 m 483.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 381.75 m 552.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 379.75 m 552.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 367.75 m 343.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 365.75 m 343.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 367.75 m 413.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 365.75 m 413.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 379.75 m 483.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 381.75 m 483.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 483.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 365.75 m 483.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 367.75 m 552.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 365.75 m 552.5 365.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 336.75 m 273.5 336.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 322.75 m 343.5 322.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 322.75 m 413.5 322.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 322.75 m 483.5 322.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 322.75 m 552.5 322.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 266.75 m 343.5 266.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 252.75 m 343.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 266.75 m 413.5 266.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 252.75 m 413.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 266.75 m 483.5 266.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 252.75 m 483.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 266.75 m 552.5 266.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 252.75 m 552.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 239.75 m 343.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 237.75 m 343.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 239.75 m 413.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 237.75 m 413.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 239.75 m 483.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 237.75 m 483.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 239.75 m 552.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 237.75 m 552.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 225.75 m 343.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 223.75 m 343.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 225.75 m 413.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 223.75 m 413.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 237.75 m 483.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 239.75 m 483.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 225.75 m 483.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 223.75 m 483.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 237.75 m 552.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 239.75 m 552.5 239.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 225.75 m 552.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 223.75 m 552.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 211.75 m 343.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 209.75 m 343.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 211.75 m 413.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 209.75 m 413.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 223.75 m 483.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 225.75 m 483.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 211.75 m 483.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 209.75 m 483.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 211.75 m 552.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 209.75 m 552.5 209.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 497.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.45 515.15 Td (Risk &) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 506.15 Td (Insurance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.95 497.15 Td (Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.00 497.15 Td (Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.70 506.15 Td (Corporate/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.70 497.15 Td (Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.55 497.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 483.15 Td (Three Months Ended December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 483.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 469.15 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.90 469.15 Td (339) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 469.15 Td (250) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.60 469.15 Td (\(53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 469.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.90 469.15 Td (536) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 455.15 Td (Add impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 441.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.90 441.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 441.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 441.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 538.90 441.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 427.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 427.15 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 427.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 427.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 427.15 Td (15) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 413.15 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 413.15 Td (16) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 413.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 413.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 413.15 Td (17) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 399.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 399.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 319.90 399.15 Td (355) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 399.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 399.15 Td (251) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 399.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 466.60 399.15 Td (\(53) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 399.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 399.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.90 399.15 Td (553) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 385.15 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 385.15 Td (20.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 385.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 385.15 Td (16.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 385.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 385.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 385.15 Td (16.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 385.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 371.15 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 371.15 Td (21.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 371.15 Td (16.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 371.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 371.15 Td (17.0) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 341.15 Td (Three Months Ended December 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.00 341.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.00 341.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 341.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 341.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 327.15 Td (Operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 327.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.90 327.15 Td (310) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 327.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 327.15 Td (221) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 327.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 327.15 Td (\(42) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 327.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 327.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.90 327.15 Td (489) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 313.15 Td (Add \(Deduct\) impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 299.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 299.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 299.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 299.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 538.90 299.15 Td (5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 285.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 285.15 Td (15) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 285.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 285.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 285.15 Td (16) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 271.15 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 325.95 271.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.90 271.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 271.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 271.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.90 271.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 271.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 257.15 Td ( Operating income adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 257.15 Td (17) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 257.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 257.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 257.15 Td (20) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 243.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 243.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.90 243.15 Td (327) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 243.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 243.15 Td (222) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 243.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 466.60 243.15 Td (\(40) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 243.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 243.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 528.90 243.15 Td (509) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 229.15 Td (Operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 229.15 Td (18.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 229.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 229.15 Td (14.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 229.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 229.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 229.15 Td (15.7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 229.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 215.15 Td (Adjusted operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 215.15 Td (20.0) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 215.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 215.15 Td (14.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 215.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 215.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 215.15 Td (16.3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 215.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 211.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 192.43 Td (\(a\) Primarily severance, future rent under non-cancellable leases, and integration costs related to recent acquisitions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 165.98 Td (\(b\) Primarily includes the change in fair value as measured each quarter of contingent consideration related to acquisitions.) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 312.75 102.25 Td ( ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.20 28.75 Td (9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.05 720.25 Td (T) Tj ET Q q 0 0 0 rg BT 233.42 720.25 Td (welve Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 537.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 677.43 Td (The Company presents below certain additional financial measures that are "non-GAAP) Tj ET Q q 0 0 0 rg BT 378.92 677.43 Td ( measures," within the meaning of Regulation G ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 669.43 Td (under the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 179.24 669.43 Td (Act of 1934. ) Tj ET Q q 0 0 0 rg BT 226.23 669.43 Td (These measures are: ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 304.05 669.43 Td (adjusted operating income \(loss\); adjusted operating margin; ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.06 669.43 Td (and) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 534.41 669.43 Td ( ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 68.50 661.43 Td (adjusted income, net of tax.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 645.98 Td (The Company presents these non-GAAP measures to provide investors with additional information to analyze the Company's) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 637.98 Td (performance from period to period.Management also uses these measures to assess performance for incentive compensation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 629.98 Td (purposes and to allocate resources in managing the Company's businesses.However, investors should not consider these non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 621.98 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 /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 613.98 Td (Company's non-GAAP measures reflect subjective determinations by management, and may differ from similarly titled non-GAAP) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 605.98 Td (measures presented by other companies.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.50 584.98 Td (Adjusted Operating Income \(Loss\) and Adjusted Operating Margin) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 68.50 572.43 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.00 572.43 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 512.76 572.43 Td ( operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 564.43 Td (income or loss.) Tj ET Q q 0 0 0 rg BT 126.60 564.43 Td (The following tables identify these noteworthy items and reconcile adjusted operating income \(loss\) to GAAP) Tj ET Q q 0 0 0 rg BT 510.21 564.43 Td ( operating ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 556.43 Td (income or \(loss\), on a consolidated and segment basis, for the twelve months ended December 31, 2014 and 2013.) Tj ET Q q 0 0 0 rg BT 481.49 556.43 Td (The following ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 548.43 Td (tables also present ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 137.88 548.43 Td (adjusted operating margin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.38 548.43 Td (, which is calculated by dividing adjusted operating income by consolidated or segment ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.50 540.43 Td (GAAP) Tj ET Q q 0 0 0 rg BT 90.59 540.43 Td ( revenue.) Tj ET Q 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 478.75 m 273.5 478.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 492.75 m 343.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 492.75 m 413.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 492.75 m 483.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 492.75 m 552.5 492.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 464.75 m 343.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 464.75 m 413.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 464.75 m 483.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 464.75 m 552.5 464.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 408.75 m 343.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 394.75 m 343.5 394.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 408.75 m 413.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 394.75 m 413.5 394.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 408.75 m 483.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 394.75 m 483.5 394.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 408.75 m 552.5 408.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 394.75 m 552.5 394.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 381.75 m 343.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 379.75 m 343.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 381.75 m 413.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 379.75 m 413.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 381.75 m 483.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 379.75 m 483.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 381.75 m 552.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 379.75 m 552.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 367.75 m 343.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 365.75 m 343.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 367.75 m 413.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 365.75 m 413.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 379.75 m 483.5 379.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 381.75 m 483.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 483.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 365.75 m 483.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 367.75 m 552.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 365.75 m 552.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 353.75 m 343.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 351.75 m 343.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 353.75 m 413.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 351.75 m 413.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 365.75 m 483.5 365.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 367.75 m 483.5 367.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 353.75 m 483.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 351.75 m 483.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 353.75 m 552.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 351.75 m 552.5 351.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 63.5 322.75 m 273.5 322.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 308.75 m 343.5 308.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 308.75 m 413.5 308.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 308.75 m 483.5 308.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 308.75 m 552.5 308.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 252.75 m 343.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 280.5 238.75 m 343.5 238.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 252.75 m 413.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 238.75 m 413.5 238.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 252.75 m 483.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 238.75 m 483.5 238.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 252.75 m 552.5 252.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 238.75 m 552.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 225.75 m 343.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 223.75 m 343.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 225.75 m 413.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 223.75 m 413.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 225.75 m 483.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 223.75 m 483.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 225.75 m 552.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 223.75 m 552.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 211.75 m 343.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 209.75 m 343.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 211.75 m 413.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 209.75 m 413.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 223.75 m 483.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 225.75 m 483.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 211.75 m 483.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 209.75 m 483.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 223.75 m 552.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 225.75 m 552.5 225.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 211.75 m 552.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 209.75 m 552.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 197.75 m 343.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 195.75 m 343.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 197.75 m 413.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 195.75 m 413.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 209.75 m 483.5 209.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 211.75 m 483.5 211.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 197.75 m 483.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 195.75 m 483.5 195.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 197.75 m 552.5 197.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 195.75 m 552.5 195.75 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 497.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 297.45 515.15 Td (Risk &) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 290.20 506.15 Td (Insurance) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 292.95 497.15 Td (Services) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 358.00 497.15 Td (Consulting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 428.70 506.15 Td (Corporate/) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 424.70 497.15 Td (Eliminations) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 510.55 497.15 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 483.15 Td (Twelve Months Ended December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 483.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 483.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 469.15 Td (Operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.40 469.15 Td (1,509) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 469.15 Td (996) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.60 469.15 Td (\(204) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 469.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 469.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.40 469.15 Td (2,301) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 455.15 Td (Add \(Deduct\) impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 441.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 329.90 441.15 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 441.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.60 441.15 Td (6) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 441.15 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 427.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 427.15 Td (37) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 427.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 470.65 427.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 427.15 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 413.15 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 325.95 413.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.95 413.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 471.60 413.15 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 413.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 535.90 413.15 Td (\(1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 413.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 399.15 Td ( Operating income adjustments) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 324.90 399.15 Td (42) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.90 399.15 Td (1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 474.60 399.15 Td (5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 533.90 399.15 Td (48) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 385.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.00 385.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 312.40 385.15 Td (1,551) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 353.00 385.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 389.90 385.15 Td (997) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 423.00 385.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 461.60 385.15 Td (\(199) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 479.65 385.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 493.00 385.15 Td ($) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 521.40 385.15 Td (2,349) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 371.15 Td (Operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 371.15 Td (21.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 371.15 Td (16.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 371.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 371.15 Td (17.8) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 371.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 357.15 Td (Adjusted operating margin) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 317.40 357.15 Td (22.4) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 387.40 357.15 Td (16.5) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 404.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 464.80 357.15 Td (N/A) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 526.40 357.15 Td (18.1) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 543.95 357.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 327.15 Td (Twelve Months Ended December 31, 2013) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.00 327.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.00 327.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.00 327.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 549.00 327.15 Td () Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 313.15 Td (Operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 313.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.40 313.15 Td (1,421) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 313.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 313.15 Td (845) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 313.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 313.15 Td (\(189) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 313.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 313.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.40 313.15 Td (2,077) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 66.00 299.15 Td (Add \(Deduct\) impact of Noteworthy Items:) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 285.15 Td (Restructuring charges \(a\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.90 285.15 Td (7) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 285.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.60 285.15 Td (13) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 285.15 Td (22) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 271.15 Td (Adjustments to acquisition related accounts \(b\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 271.15 Td (31) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 271.15 Td (1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.65 271.15 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 271.15 Td (32) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.50 257.15 Td (Other) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 326.90 257.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 257.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 396.90 257.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 257.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 471.60 257.15 Td (\(1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 257.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.90 257.15 Td (\(3) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 257.15 Td (\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 243.15 Td ( Operating income adjustments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 324.90 243.15 Td (37) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.90 243.15 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 469.60 243.15 Td (12) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.90 243.15 Td (51) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 229.15 Td (Adjusted operating income \(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 283.00 229.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 312.40 229.15 Td (1,458) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.00 229.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.90 229.15 Td (847) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 423.00 229.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 461.60 229.15 Td (\(177) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 479.65 229.15 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 493.00 229.15 Td ($) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 521.40 229.15 Td (2,128) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 215.15 Td (Operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 215.15 Td (21.5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 215.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 215.15 Td (14.8) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 215.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 215.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 215.15 Td (16.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 215.15 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 66.00 201.15 Td (Adjusted operating margin) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.40 201.15 Td (22.1) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 334.95 201.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 387.40 201.15 Td (14.9) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 404.95 201.15 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 465.45 201.15 Td (N/A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.40 201.15 Td (17.4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 543.95 201.15 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 197.25 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 178.43 Td (\(a\) Primarily severance, future rent under non-cancellable leases, and integration costs related to recent acquisitions.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 66.00 151.98 Td (\(b\) Primarily includes the change in fair value as measured each quarter of contingent consideration related to acquisitions.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.75 100.25 Td () Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.40 28.75 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 744.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 262.55 732.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 314.03 732.25 Td ( Measures) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 202.80 720.25 Td (Three and T) Tj ET Q q 0 0 0 rg BT 258.73 720.25 Td (welve Months Ended December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.20 708.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 83.25 677.43 Td (Adjusted income, net of tax) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 83.25 655.98 Td (Adjusted income, net of tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.75 655.98 Td ( is calculated as: the Company's GAAP) Tj ET Q q 0 0 0 rg BT 318.53 655.98 Td ( income from continuing operations, adjusted to reflect \(i\) the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.25 647.98 Td (after-tax impact of the operating income adjustments set forth in the preceding table and \(ii\) for 2014, due to its significance, the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.25 639.98 Td (cost of extinguishment of debt of $137 million. ) Tj ET Q q 0 0 0 rg BT 247.64 639.98 Td (The cost of extinguishment of debt of $24 million that was incurred in 2013 was ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.25 631.98 Td (included in the calculation for that period because it was not considered to be significant. ) Tj ET Q q 0 0 0 rg BT 398.11 631.98 Td (Adjusted Diluted EPS is calculated as ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 83.25 623.98 Td (Adjusted income, net of tax, divided by MMC's average number of shares outstanding-diluted for the relevant period.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.25 569.75 m 293.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.25 569.75 m 297.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 569.75 m 344.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.25 569.75 m 348.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 569.75 m 396.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.25 569.75 m 447.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.25 569.75 m 451.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 569.75 m 498.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.25 569.75 m 502.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.25 569.75 m 549.25 569.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.25 551.75 m 293.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.25 551.75 m 297.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 551.75 m 344.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 551.75 m 396.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.25 551.75 m 447.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447.25 551.75 m 451.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 551.75 m 498.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.25 551.75 m 549.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 551.75 m 344.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 551.75 m 396.25 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 529.75 m 344.25 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 529.75 m 498.25 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.25 476.75 m 293.25 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.25 476.75 m 447.25 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 465.75 m 396.25 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.25 465.75 m 549.25 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 465.75 m 344.25 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 455.75 m 344.25 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.25 453.75 m 344.25 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 455.75 m 396.25 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.25 453.75 m 396.25 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 465.75 m 498.25 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 455.75 m 498.25 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.25 453.75 m 498.25 453.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.25 455.75 m 549.25 455.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.25 453.75 m 549.25 453.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.75 601.43 Td (Reconciliation of the Impact of Non-GAAP Measures on diluted earnings per share -) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 254.05 581.98 Td (Three Months Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.85 573.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 581.98 Td (Three Months Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.35 573.98 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 279.60 555.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.15 561.43 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.70 553.48 Td (EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.95 555.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.75 561.43 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.20 553.48 Td (EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 543.43 Td (Income from continuing operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.75 543.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.70 543.48 Td (269) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 543.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.70 543.48 Td (307) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 532.43 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 336.55 532.43 Td (5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.60 532.48 Td (4) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 521.43 Td ( Subtotal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.75 521.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.70 521.48 Td (264) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.75 521.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.45 521.48 Td (0.48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 521.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.70 521.48 Td (303) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.75 521.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 521.48 Td (0.54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 502.98 Td (Operating income adjustments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 248.75 502.98 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.15 503.03 Td (17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.75 502.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.15 502.98 Td (20) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 490.43 Td (Adjustment for cost of extinguishment of debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 276.70 490.43 Td (137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 490.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 479.43 Td (Impact of income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.45 479.43 Td (\(55) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.05 479.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.90 479.43 Td (\(7) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.05 479.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.25 468.43 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.15 468.43 Td (99) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.45 468.48 Td (0.18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 486.15 468.43 Td (13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 468.48 Td (0.03) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 77.75 457.43 Td ( Adjusted income, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 299.75 457.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.70 457.48 Td (363) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 350.75 457.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 377.45 457.48 Td (0.66) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 457.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.70 457.48 Td (316) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.75 457.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.45 457.48 Td (0.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.75 444.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.75 402.75 m 293.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.75 402.75 m 297.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 402.75 m 344.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.75 402.75 m 348.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.75 402.75 m 395.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 402.75 m 446.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.75 402.75 m 450.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 402.75 m 497.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.75 402.75 m 501.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.75 402.75 m 548.75 402.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.75 383.75 m 293.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.75 383.75 m 297.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 383.75 m 344.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.75 383.75 m 395.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 383.75 m 446.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.75 383.75 m 450.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 383.75 m 497.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.75 383.75 m 548.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 383.75 m 344.75 383.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 361.75 m 344.75 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 361.75 m 497.75 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.75 308.75 m 293.75 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.75 308.75 m 446.75 308.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 295.75 m 344.75 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.75 295.75 m 395.75 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.75 295.75 m 548.75 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 295.75 m 344.75 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 285.75 m 344.75 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297.75 283.75 m 344.75 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.75 285.75 m 395.75 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.75 283.75 m 395.75 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 295.75 m 497.75 295.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 285.75 m 497.75 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.75 283.75 m 497.75 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.75 285.75 m 548.75 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.75 283.75 m 548.75 283.75 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 251.90 413.43 Td (Twelve Months Ended December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 311.85 405.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.15 413.43 Td (Twelve Months Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.85 405.43 Td (2013) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 280.10 387.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 358.15 394.43 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.70 386.43 Td (EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.45 387.98 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.25 394.43 Td (Diluted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.70 386.43 Td (EPS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 375.43 Td (Income from continuing operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.25 375.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.50 375.48 Td (1,471) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.25 375.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 375.48 Td (1,379) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 364.43 Td (Less: Non-controlling interest, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 332.65 364.43 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.65 364.43 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 353.43 Td ( Subtotal) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.25 353.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.50 353.48 Td (1,439) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.25 353.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.95 353.48 Td (2.61) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.25 353.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 353.48 Td (1,351) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.25 353.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 353.48 Td (2.42) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 334.98 Td (Operating income adjustments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 249.25 334.98 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 281.65 335.03 Td (48) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.25 334.98 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.65 334.98 Td (51) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 322.43 Td (Adjustment for cost of extinguishment of debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 277.20 322.43 Td (137) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.50 322.43 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 311.43 Td (Impact of income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 278.95 311.43 Td (\(66) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 290.55 311.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.95 311.48 Td (\(18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.55 311.43 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 158.75 299.98 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 328.20 300.03 Td (119) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.95 300.03 Td (0.21) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.65 299.98 Td (33) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 300.03 Td (0.06) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 78.25 287.43 Td ( Adjusted income, net of tax) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.25 287.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 321.50 287.48 Td (1,558) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 351.25 287.43 Td ($) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.95 287.48 Td (2.82) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.25 287.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.50 287.48 Td (1,384) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 504.25 287.43 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 529.95 287.48 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.15 214.25 Td (Marsh & McLennan Companies, Inc.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 251.05 202.25 Td (Supplemental Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.70 190.25 Td (\(Millions\) \(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.73 190.25 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.25 149.75 m 368.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.25 149.75 m 372.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.25 149.75 m 417.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.25 149.75 m 466.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.25 149.75 m 473.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.25 149.75 m 519.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.25 149.75 m 368.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.25 139.75 m 368.25 139.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 368.25 149.75 m 372.25 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 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