NU Online News Service, April 29, 2:39 p.m.EDT
|Aon Corp. says its 2011 first-quarter net income attributable tostockholders increased 38 percent to $246 million as the broker saworganic revenue growth in both its retail brokerage and consultingservices businesses.
|Aon's 2010 first-quarter net income attributable to stockholderswas $178 million.
|The brokerage's total revenue increased 45 percent to $2.8billion in the 2011 first quarter due to a 42 percent increase incommissions and fees resulting from acquisitions, primarily itsacquisition of Hewitt, the firm says.
|Aon says revenue for its risk-solutions segment increased 4percent to $1.6 billion due to a 2 percent organic growth incommissions and fees, a 1 percent favorable impact fromforeign-currency translation, and a 1 percent favorable impact fromacquisitions and divestitures.
|Revenue for Aon's HR-solutions segment increased 247 percent to$1.1 billion due mainly to the Hewitt acquisition. Aon says organicrevenue in consulting services increased 4 percent, reflectingstrong growth in international health and benefits and humancapital consulting.
|“While macro conditions remain challenging globally, we areoptimistic about the underlying strength of our business ashighlighted by the repurchase of $350 million of common stock inthe quarter,” says Aon President and CEO Greg Case in astatement.
|He adds, “We are firmly on track to deliver growth in both ofour segments in 2011, our restructuring programs are deliveringcost savings, and we have solid financial flexibility.
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