Aon Reports 'Worst' Second Quarter

Aon's second-quarter bottom line was “the worst in Aons history,” according to its CEO. At the same time, the Chicago-based brokerage is fielding accounting questions from government regulators and is looking to reposition the spinoff of its underwriting segment.

For the second quarter ending June 30, the Chicago-based Aon reported no net income, compared to $29 million for the same period in 2001. Net income per share remained unchanged, the broker said, at 11 cents. Revenues increased by 11 percent when compared to last year's second quarter, up $205 million to $2.1 billion in 2002.

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