The leading global provider of risk management, insurance and reinsurance has just released its second quarter numbers – and the numbers are encouraging.
“Our second quarter results reflect strong earnings per share growth of 13 percent, including organic growth in each segment, underlying operational improvement and effective capital management, despite challenges from both foreign currency translation and market impact," says Greg Case, president and chief executive officer of
Aon plc. “Looking forward, we are well on track to deliver continued organic growth across each segment and operational improvement through returns on investments in GRIP (General Rate Income Pools) and healthcare exchanges.”
The company reported a 1 per cent increase in total revenue to $2.9 billion compared to the same quarter in 2013 – growth that has been attributed to 2 per cent organic growth, partially offset by a 1 per cent unfavourable impact from acquisitions, net of divestitures.
“We continue to effectively manage capital for shareholders,” says Case, “as highlighted by the return of $1.4 billion of capital through the first six months of 2014.”
Restructured savings in the second quarter related to the Aon Hewitt restructuring program were pegged at $100 million, compared to $78 million in the prior year quarter. Of this year’s savings, approximately $76 million were related to the HR Solutions segment compared to $62 million in the prior year quarter, and $24 million were related to the Risk Solutions segment compared to $16 million in the same quarter for 2013.
