Organic revenue for
Aon’s commercial risk solutions has increased 2% from the previous year, driven by strong growth across the Pacific region, in both Australia and New Zealand, and solid growth in the U.S. and Canada. The gain was partially offset by a modest decline in Latin America and Asia.
The New Zealand revenue growth helped deliver a strong second-quarter market report.
Aon has reported a 4% revenue increase, with organic revenue growth of 3%, according to the insurer’s latest quarterly report.
The company’s quarterly net income was $2.93 per share, or $769 million – a significant increase from the $300 million, or $1.11 per share, reported for the second quarter of 2016.
Net income per share from continuing operations, adjusted for certain items, and increased 13% to $1.45, compared to $1.28 in the prior year period.
"Our second quarter results reflect growth across all major lines of revenue, solid operating performance, with 110 basis points of adjusted operating margin improvement and 13% earnings per share growth, highlighted by the repurchase of $1 billion of stock in the quarter,” Aon President and CEO Greg Case said. "Combined with strong free cash flow generation and capital proceeds from the transaction, we believe we are on track to exceed $7.97 adjusted earnings per share in 2018 and deliver double-digit free cash flow growth over the long-term.”
Aon’s total revenue increased $2.4 billion, driven by organic revenue growth as well as acquisitions and net of divestitures. The gain was partially offset by an unfavourable impact from foreign currency translation.
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