28 October 2016 Insurance

Aon Q3 net income up 4% YOY

Aon reported net income attributable to its shareholders of $307 million for the third quarter of 2016 compared to $295 million in the same period a year ago.

Total revenues were slightly up at $2.75 billion from $2.74 billion over the period.

In the Risk Solutions segment revenues were up 2 percent year-on-year at $1.71 billion during the quarter.

Total revenues in the HR Solutions were down 2 percent year-on-year at $1.04 billion.

"Overall, our performance reflects solid organic revenue growth across both Risk and HR Solutions, effective capital management, and strong double-digit growth in free cash flow," said Greg Case, president and CEO.

"Looking forward, we expect a strong finish to the year as we head into our seasonally strongest quarter, resulting in improved operating performance for the full year. Our industry-leading platform and significant level of strategic investments continue to position the firm for long-term growth, increased operating leverage and significant free cash flow generation towards our near-term goal of $2.4 billion for the full year 2017."

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