Aon’s total revenue up 33 percent

Aon’s full year results have revealed that the broker’s total revenue has risen by 33 percent to $11.3 billion in 2011.

This included a 29 percent increase in commissions and fees resulting from acquisitions, net of dispositions, a 2 percent increase in organic revenue driven by Risk Solutions and a 2 percent favourable impact from foreign currency exchange rates.

Net income attributable to Aon’s stockholders, adjusted for certain items, increased by 21 percent to $1.1 billion compared to $929 million in 2010. Greg Case, president and chief executive officer of Aon, said that while macro economic conditions remain challenging, the broker was firmly on track to deliver improved growth this year.

“Our restructuring programs will deliver cost savings and we have solid financial flexibility that will drive increased shareholder value, as highlighted by the repurchase of $828 million of common stock in 2011,” he says.