While Aon continues to make investments to drive organic growth, its president and chief executive officer, Greg Case, emphasized last week that the country's second-biggest insurance brokerage can and will do better.
Aon's organic growth is “short of what Aon's capable of doing, particularly given the assets and the capability we have,” Mr. Case said in a webinar on third-quarter results. He noted that investments made for the future, coupled with Aon's “commitment to distinctive client value,” produced consolidated organic revenue growth of 6 percent for the third quarter–the highest rate since 2003.
Total revenue for the nine months ended Sept. 30 was up 2 percent to $6.5 billion. Revenue from brokerage commissions and fees for the first three quarters were also up 2 percent to $4.85 billion. Net income for the first nine months was down 3 percent to $497 million.
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