Aon's nine-month revenue, profits surge 48%

CHICAGO—Aon Corp. generated total revenue of $8.29 billion for the first nine months of the year, an increase of 48% over the same period in 2010, the Chicago-based brokerage reported Friday.

Aon's net income for the period also rose 48% to $702 million compared with the same period a year earlier.

Revenue for Aon Risk Solutions, Aon's insurance brokerage unit, increased 7% to $4.99 billion for the first nine months of the year. But revenues for its HR Solutions unit jumped 246% to $3.32 billion, reflecting the impact of its acquisition of Hewitt Associates Inc. last October.

For the third quarter, Aon's revenues increased 51% to $2.71 billion and net income grew 41% to $198 million. Aon Risk Solutions' revenue increased 9% to $1.62 billion, with organic growth up 3%, while HR Solutions' revenue for the third quarter jumped 246% to $1.12 billion.

Net income for the third quarter increased 38% to $198 million.

Aon's third-quarter results reflected “strong performance in our risk segment and the delivery of synergy savings related to Aon Hewitt,” Greg Case, Aon's president and CEO, said in a statement announcing the results.