NEW YORK, August 3 /CNW/ - Marsh & McLennan Companies, Inc. (NYSE: MMC) today reported financial results for the second quarter and six months ended June 30, 2006. Consolidated revenues for the quarter were $3 billion, unchanged from the 2005 second quarter. Net income was $172 million, or $.31 per share, compared with $166 million, or $.31 per share, last year. Income from continuing operations was $173 million, or $.31 per share, compared with $160 million, or $.30 per share, in the second quarter of 2005. Stock option expense was $27 million, or $.03 per share, in the second quarter of 2006. Stock option expense was not recorded in the first half of 2005 due to MMC's adoption of SFAS No. 123(R) entitled "Share-Based Payment" on July 1, 2005. MMC is a global professional services firm with annual revenues of approximately $12 billion. It is the parent company of Marsh, the world's leading risk and insurance services firm; Guy Carpenter, the world's leading risk and reinsurance specialist; [Kroll], the world's leading risk consulting company; Mercer, a major global provider of human resource and specialty consulting services; and Putnam Investments, one of the largest investment management companies in the United States. Approximately 55,000 employees provide analysis, advice, and transactional capabilities to clients in over 100 countries. Its stock (ticker symbol: MMC) is listed on the New York, Chicago, Pacific, and London stock exchanges. MMC's website address is www.mmc.com. MMC and its operating companies use their websites to convey meaningful information about their businesses, including the anticipated release of quarterly financial results and the posting of updates of assets under management at Putnam. Monthly updates of total assets under management at Putnam will be posted to the MMC website the first bus...

MMC Reports Second Quarter 2006 Results