Aon Corporation (NYSE:AON) has reported a rise in second-quarter revenue and earnings, supported by growth in its main Commercial Risk Solutions business.
The risk management and professional services group grew total revenue by 7% to $3.2 billion in the second quarter to 30 June 2023.
Organic revenue at Commercial Risk Solutions increased by 5%, reflecting strong growth across most major geographies driven by strong retention, management of the renewal book, and net new business generation, the company said in a statement.
Reinsurance Solutions grew organic revenue by 9%, while Health Solutions reported 10% growth. Revenue at its Wealth Solution division, up 2%, was held back by investment management revenue due to equity market and interest rate movements.
Adjusted earnings per share rose 5% to $2.76, falling short of the $2.82 consensus forecast of analysts, according to Zacks Investment Research.
"Our global team delivered strong operating results in the second quarter, including 6% organic revenue growth and 110 basis points of adjusted operating margin improvement, demonstrating the strength of our Aon United strategy and ongoing progress against our financial goals," commented CEO Greg Case.
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