Global broker Aon’s “modest growth” in Australia was outstripped by “strong growth” across Asia and New Zealand, it revealed in its Q1 results.
Total international organic revenue increased by 3% from US$1,905m in Q1 2012 to $1,971m during the same period in 2013. The growth was partially offset by a decline in Germany.
The Aon group pulled in $261m net income attributable to shareholders from continuing operations, compared to $238m during the same period last year.
Total revenue increased 3% to $2.9bn compared to the prior year quarter primarily driven by a 2% increase in organic revenue.
Total operating expenses for the first quarter increased 3% to $2.5bn compared to $2.4bn the previous year, primarily due to a 2% increase in organic revenue, the inclusion of $10m of expenses from acquisitions, and a $6m increase in restructuring costs.
Aon was not available for comment as Insurance Business went to press.Q1