Aon has reported a 12% rise in net income, earning $US1.1 billion ($1.26 billion) last year compared with $US993 million ($1.13 billion) in 2012.

Total revenue increased 3% to $US11.8 billion ($13.47 billion) last year, due to organic growth in commissions and fees and a 1% rise in commissions and fees resulting from acquisitions.

Aon Risk Solutions’ total revenue increased 2% to $US7.8 billion ($8.9 billion), while HR Solutions grew 3% to $US4.1 billion ($4.68 billion).

President and CEO Greg Case says the results show “improvement across each key financial metric”.

“In 2013, we made significant strategic investments across the firm, delivered record cashflow from operations of $US1.6 billion ($1.83 billion) and created significant value for shareholders through the repurchase of more than $US1.1 billion ($1.26 billion) of ordinary shares,” he said.

“As we look ahead to [this year], our industry-leading platform is positioned for continued long-term growth, improved operational performance, strong free cashflow generation and significantly increased financial flexibility.”