Aon nine-month revenues up slightly from last year
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Aon P.L.C.'s revenues for the nine months ending Sept. 30 grew 1.2% over those of the same period in 2011 to $8.40 billion, London-based Aon reported Friday.
The broker posted net income of $688 million for the period, a drop of 2% from the same period a year earlier. Total revenue for Aon Risk Solutions, the company's brokerage and risk management operations, grew slightly less than 1% to $5.58 billion during the first nine months of the year, while revenue from its HR Solutions operations grew 2.5% to $2.85 billion.
For the third quarter of this year, Aon's total revenues grew less than 1% from those of the same period a year earlier to $2.74 billion. Revenues for the Risk Solutions operations remained virtually flat at $1.79 billion, while those of the HR Solutions operations grew 1.5% to $971 million.
Net income for the third quarter rose 3.0% from that of third-quarter 2011 to $204 million.
“Our third-quarter results, led by strong performance in HR Solutions, reflect solid progress against each of our three key metrics including 4% organic growth, 30 basis points margin improvement and 8% earnings growth,” said Aon President and CEO Greg Case in a statement announcing the results.
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