Aon reports higher first-quarter revenue, net income
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Aon P.L.C.'s first-quarter 2013 revenue increased 2.6% over that of the same period a year earlier, rising to $2.92 billion, the London-based brokerage reported Friday.
Aon's net income increased 9.7% year-to-year to $261 million.
First-quarter revenue for Aon's Risk Solutions brokerage and risk management operation increased 3.5% year-over-year to $1.97 billion. Aon attributed the increase to 3% growth in organic commissions and fees as well as a 1% increase in commissions and fees from acquisitions net of divestitures. That was offset in part by 42% decline in investment income.
Revenue from Aon's human resources solutions operation increased 1% to $954 million.
“Our first-quarter results reflect a solid start to the year with double-digit earnings growth driven by a strong performance in our risk solutions business and effective capital management, as highlighted by the repurchase of $300 million of ordinary shares in the quarter,” Aon President and CEO Greg Case said in a statement.
