The company's net income for the third quarter was $130 million or $0.24 per share, lower than $168 million or $0.30 per share in the year-ago period.
Adjusted earnings per share in the quarter was also $0.24. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.
However, income from continuing operations, which includes a charge of $72 million related to the early extinguishment of debt, increased to $133 million or $0.23 per share from $128 million or $0.22 per share in the same period last year.
Quarterly revenues rose 11 percent to $2.81 billion from $2.52 billion in the year-ago period and topped analysts' consensus estimate of $2.74 billion.
Total risk and insurance services segment revenue increased 11 percent from the year-ago period to $1.48 billion, reflecting a 12 percent rise in revenues at the Marsh insurance brokerage business and 8 percent growth in revenues at reinsurance intermediary Guy Carpenter. Revenues grew 5 percent on an underlying basis.
Consulting segment revenue also grew 11 percent from last year to $1.34 billion, aided by an 11 percent increase in revenues at the consulting and outsourcing solutions provider Mercer and 13 percent increase in revenues at Oliver Wyman. Revenues increased 6 percent on an underlying basis.