Aon reports stable Q1 results

by Richard Kilner

Story link: Aon reports stable Q1 results

Aon has reported its financial results for the first quarter of 2012, including net income attributable to Aon shareholders of $238m, equating to $0.71 per share.

This is almost identical to the $246m ($0.71 per share) the firm made during the corresponding period last year.

Total quarterly revenue rose by 3% to $2.8bn.

President and Chief Executive Officer Greg Case hailed Aon’s strongest organic revenue growth since Q2 2007.

The impressive growth in revenue was achieved despite the firm suffering from unfavourable foreign currency movements and investments made to bolster its client-serving capabilities.

Case went on to say that the firm had taken steps to position itself for long term growth and enhanced financial flexibility, citing the redomestication in London as a highlight of the measures taken.