Aon reports Q2 results
Aon has reported that in the second quarter of the year it made net income attributable to shareholders of $153m, equating to $0.54 per share, a small improvement on the net income of $149m ($0.51 per share) achieved during the same quarter last year.
However, it remains substantially below the $1.1bn net income achieved in Q2 2008.
Net income from continuing operations rose by 22% to $179m, $0.63 per share, up from $147m.
Total revenue for the quarter marginally increased, rising by 1% to $1.9bn, and total operating expenses declined by 2% to $32m.
Restructuring expenses fell sharply, from $95m to $31m, with 96% of the total costs of the Aon Benfield restructuring programs now incurred.
President and Chief Executive Officer Greg Case has said that the firm’s quarterly results reflect a strong performance in Brokerage and Consulting.
Category: Aon News, Financials, Insurance News
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