Analytics, capital solutions drive Aon profits
Aon increased net profit by 14% to $US1.5 billion ($2.2 billion) in the June half.
CEO Greg Case says the broker’s integrated operating model – coupled with AI-enabled analytical insights and innovative capital solutions – is differentiating it in the marketplace.
Revenue rose 4% to $US9.28 billion ($13.4 billion) and the Dublin-headquartered company says it is on track to report full-year revenue growth in the mid single digits or above.
As clients navigate increasing complexity, Aon is expanding its market and creating opportunities with traditional and non-traditional capital, Mr Case says.
For the second quarter, revenue was up 2% to $US4.2 billion ($6 billion) despite growth being partially offset by the cost of asset divestitures.
Total expenses were up 1% to $US3.3 billion ($4.8 billion) in the quarter, amid investment in long-term growth and an unfavourable impact from currency translations.
Revenue from commercial risk solutions grew 5% in the quarter to $US2.3 billion ($3.3 billion).