Aon reports results for second quarter of 2016

Reported revenue for April to June 2016 remains stable with a 1% decrease offset by 3% organic revenue growth

Insurance News

By Gabriel Olano

Major insurance broker Aon has released its metrics for the second quarter of 2016, where reported revenue decreased by 1% to US$2.8bn. However, organic revenue grew by 3%.
The company’s operating margin increased by 470 basis points to 14.6%, while operating margin, adjusted for certain items, increased by 30 basis points, reaching 19.3%. Earnings per share increased by 63% to USS1.01, compared to $0.62 per share for the same period in 2015.
For the first six months of 2016, cash flow from operations was US$764m, a 32% increase. International organic revenue went up by 6%, reflecting solid performance over all regions, including Europe, and Asia-Pacific. This was credited to strong generation of new business and management of the renewal book portfolio.
In the second quarter of the year, Aon completed the acquisition of Univers Workplace Solutions, a specialist employee benefits provider. The purchase strengthens Aon Risk Solutions' ability to serve clients by providing comprehensive benefit solutions.
Meanwhile, leading coffeehouse chain Starbucks has joined Aon's innovative active health exchange platform. This gives Starbucks’ employees wider choices and greater opportunities for cost savings out of their health insurance.

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Swiss Re reports H1 2016 earnings
AXIS Capital releases preliminary estimate of losses for 2Q 2016

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