Aon Corporation reported its net income grew 2 percent in the first quarter of this year as its chief executive credited the insurance brokerage firm's performance to reinvestment in the company and a culture of accountability and performance.
The Chicago-based broker reported net income increased $5 million to $218 million translating into a 2-cent increase in earning per share to 68-cents a share over the same period last year. Revenues grew 7 percent, or $134 million, to $1.9 billion.
Commissions and fees rose 8 percent, or $144 million, to $1.9 billion, but revenues suffered a 14 percent drop of $10 million on investment income, dropping to $59 million.
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