Case hails 'outstanding operational performance' as Aon posts Q1 profit
Aon has reported net profit of $913 million for the first quarter of 2021, an increase of 18 percent on the $772 million reported in the first three months of 2020.
Aon generated revenues of $3.52 billion in the quarter, up from $3.22 billion the previous year.
The reinsurance solutions business alone reported revenues of $922 million for Q1, up from $848 million in the same period last year, an increase of 9 percent.
Greg Case, Aon’s chief executive officer, hailed the broker’s “outstanding operational performance”, singling out its 6 percent organic revenue growth and 170 basis points of margin improvement.
"Clients are justifiably focused on the unprecedented impact of the COVID-19 pandemic, but they are also increasingly aware of other challenges like climate change, supply chain disruption, the future of work, and the growing health-wealth gap,” he continued. “Our strategy is built to bring the best innovation, insight, and solutions from across our firm, and our potential to address client need only increases with our pending combination with Willis Towers Watson."
During Q1 Aon also repurchased 200,000 million class A ordinary shares for approximately $50 million.
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