Aon has reported net income of $US241 million ($259.89 million) for the second quarter, down from $US247 million ($266.36 million) in the second quarter of last year.

Total revenue grew 3% to $US2.9 billion ($3.13 billion) and Risk Solutions revenue increased 2% to $US1.9 billion ($2.05 billion).

The improvement was driven by 3% organic growth in commissions and fees, but partially offset by a 25% drop in investment income.

“Our second-quarter results reflect organic growth across each of our major segments, continued margin improvement in Risk Solutions, 20% growth in free cashflow and the repurchase of $US225 million ($242.63 million) of ordinary shares in the quarter,” President and CEO Greg Case said.

“Our solid financial performance has absorbed significant investments in areas such as the Global Risk Insight Platform and in healthcare exchanges, strengthening our industry-leading platform for long-term growth, strong free cashflow generation and increased financial flexibility.”