Brought to you by:

Aon invests in future as profits rise

Aon’s first-quarter results reflect impressive organic growth and increasing strength from investment initiatives, according to CEO Greg Case.

Net income attributable to shareholders was $US659 million ($934.97 million), up 11% on the corresponding period last year.

Total revenue increased 2% to $US3.14 billion ($4.45 billion).

“Our results reflect increasing strength from our Aon United initiatives, as highlighted by strong organic revenue growth of 6%, substantial operating margin improvement of 190 basis points and double-digit earnings-per-share growth for the first quarter,” Mr Case said.

“More important, we continue to strengthen… through investments in industry-defining content and capability, while increasing our relevance to clients, delivering strong financial results and unlocking significant shareholder value creation through double-digit free cashflow growth over the long term.”

The commercial risk solutions unit experienced growth “across every major geography”, with double-digit gains in Latin America.

“Results reflect strong global new business generation and management of the renewal book portfolio,” Aon says.

Reinsurance solutions’ organic revenue increased 9%, “driven by strong net new business generation globally in treaty, as well as double-digit growth globally in facultative placements and in capital markets transactions”.