Aon reports 2% profit slip
Aon saw its profits creep down by 2% for the second quarter of 2013 to $241m (£156.4m), compared to the $246m posted for the same period last year.
However, the broking giant's total revenue edged up to $2.9bn for the three months to 30 June 2013, a marginal increase on the $2.8bn recorded for Q2 2012.
Aon attributed this 3% revenue rise to an identical increase in organic revenue, as well as a 1% rise in commissions and fees resulting from acquisitions.
Meanwhile, total operating expenses rose by 4% to $2.5bn compared to the previous year's quarter which was $2.4bn.
Commission and fee revenue from its retail brokerage in the international
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- ‘Not right’: Biba CEO Trudgill reveals sad letter of small broker crushed by regulation
- Biba 2024: Aviva not afraid of ‘tough’ conversations, but ‘categorially’ committed to broker PL, says MD Morris
- Biba 2024: Work from home being used as a ‘bargaining chip’ in luring broker talent