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Daily Insurance Industry News
Friday 27th of April 2018
July 29, 2011

Aon’s Q2 profits rise by 69%

by Richard Kilner

Story link: Aon’s Q2 profits rise by 69%

Aon’s Q2 profits rise by 69%

Aon Corporation has reported its results for Q2 2011, during which net income increased by 69% year-on-year to $258m (equating to $0.75 per share) from $153m ($0.54 per share).

Net income rose marginally from the immediately preceding quarter when Aon made $246m ($0.71 per share).

Total revenue increased by 48% from $1.9bn in the corresponding quarter last year to $2.8bn in Q2 2011.

However, revenue was flat, quarter-on-quarter, as the firm generated $2.8bn in the first quarter of the year.

President and Chief Executive Officer Greg Case said that the firm achieved synergy savings from Aon Hewitt during the quarter, coupled with solid organic revenue growth within the Retail Brokerage business.

Case went on to say that Aon remained on course for annual profitability despite a challenging macro-economic picture.

 

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