Aon sees profits fall
Aon has reported a 5% fall in profits for the second quarter of 2012 to $246m [£156.3m] compared to $258m in the same period of 2011.
The broking giant also revealed that in the three months to 30 June 2012 total revenue was flat at $2.8bn.
Aon noted that while organic revenue increased 4% in the quarter and commissions and fees were up 1% this was offset by a 4% decrease from foreign currency rates and a 33% decline in investment income.
Total operating expenses were up 2% to $2.4bn in the three months to 30 June 2012.
In the Risk Solutions division total revenue in the three month period slipped to $1.899bn from $1.912bn the
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