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Daily Insurance Industry News
Sunday 21st of January 2018
July 30, 2009

Aon makes $149m profit in Q2

by Richard Kilner

Story link: Aon makes $149m profit in Q2

Aon Corporation (NYSE: AOC) has released its financial results for Q2 2009, recording a net income of $149m, equivalent to $0.52 per share.

This marks a severe decline in profits from Q2 2008, when the firm made $1.1bn, or $3.71 per share.

Aon has attributed the sharp fall to the $1bn after-tax gain of sales on Combined Insurance Companies of America and Sterling Life Insurance, made during Q2 2008.

Total revenue fell by 4% to $1.9bn and total operating expenses declined by 3% to $1.7bn.

President and CEO Greg Case has described the results as being an indication of a strong performance against a difficult operating environment.

 

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