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Daily Insurance Industry News
Wednesday 22nd of November 2017
April 23, 2012

Aon announces $5 billion share buy-back programme

by Gill Montia

Story link: Aon announces $5 billion share buy-back programme

Aon announces $5 billion share buy-back programme

Aon is embarking on a $5 billion share buy-back programme and has announced a 5% increase in its quarterly cash dividend (to $0.1575 per share) on outstanding Class A ordinary shares.

“We have taken significant steps to strengthen our industry-leading product portfolio, position the firm for strong free cash flow generation and increase financial flexibility,” said Greg Case, the group’s president and chief executive officer.

Aon will be repurchasing shares from time-to-time, depending on market conditions.

 

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