Broker Aon’s key commercial risk solutions business performed well in the first quarter, with revenue up 11% to $US2.002 billion ($3.13 billion) from a year earlier. 

Reinsurance solutions, the second biggest income source after commercial risk solutions, posted a 2% rise in revenue to $US1.189 billion ($1.86 billion). 

Total revenue grew 16% to $US4.729 billion ($7.4 billion). 

However, net profit fell 10% to $US965 million, weighed down partly by a 25% blowout in expenses to $US3.268 billion ($5.11 billion) from $US2.605 billion ($4.07 billion). 

Aon says it remains upbeat on the year ahead and has kept its 2025 guidance. 

“Aon has momentum entering year two of the 3x3 Plan and our continued execution drove another quarter of mid-single-digit organic revenue growth and strong operating performance,” president and CEO Greg Case said. 

“These results reflect robust demand for our risk capital and human capital solutions. We are reaffirming our 2025 guidance, across all key metrics, reflecting the resilience and strength of our business and financial model.”