Aon report Q4 and 2009 profits

by Richard Kilner

Story link: Aon report Q4 and 2009 profits

Aon Corporation has announced its financial results for 2009 and for the final quarter of the year.

Attributable net income in Q4 was recorded at $198m, equating to $0.69 per share, comparing very favourably with the $6m loss incurred in the same quarter in 2008.

However, for the year as a whole net income fell by almost half from $1.5bn in 2008 to $747m in 2009.

President and Chief Executive Officer Greg Case has said that the firm’s quarterly results indicate its solid operating performance.

Case went on to thank the firm’s staff for helping Aon to achieve a good set of financial results, defying the difficult economic environment.

Yesterday global insurance broker Willis announced their Q4 and full-year 2009 results, which revealed that, like Aon, the firm had enjoyed a better Q4, but unlike Aon had managed to achieve an improvement in the results for the year as a whole.