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.
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze