Aon posts 10% profit rise and 3% organic growth in year to date

Aon made a net profit of $758m (£468m) in the first nine months of 2013, up 10% on the $688m it made in the same period last year.

Organic revenue growth was 3% for the nine-month period, and revenues overall increased by 2% to $8.6bn (9M 2012: $8.4bn).

Aon chief executive Greg Case said: “Having made significant investments across the firm in both the Global Risk Insight Platform and the most robust set of solutions for healthcare exchanges, we are on track for a solid finish to 2013 and continue to strengthen the platform for long-term growth, strong free cash flow generation and increased financial flexibility in 2014.”

Broking boost

Aon’s core broking unit, Risk Solutions, reported a 6% rise in operating profit to $1.1bn (9M 2012: $1.05bn).

Organic revenue growth at Risk Solutions was 4%, while revenues increased 3% to $5.7bn (9M 2012: $5.6bn).

Third quarter results

For the third quarter of 2013 alone, Aon made a net profit of $256m, up 25% on the $204m it made in the third quarter of 2012.

Third quarter organic revenue growth was 3%, and revenues increased 2% to $2.8bn (Q3 2012: $2.7bn).

The Risk Solutions division’s operating profit for the nine-month period rose 8% to $333m (Q3 2012: $309m).

The unit’s organic revenue growth was 4%, and revenues increased 3% to $1.81bn (Q3 2012: $1.73bn).