Chicago-based insurance broker Aon Corp. reported net income jumped 372 percent on the sale of its two insurance company units to ACE Ltd. and Munich Re Group.
Aon sold Combined Insurance Company of America to ACE, and Sterling Life Insurance Company to Munich Re; the two deals were valued at close to $3 billion. The deals were completed at the beginning of April.
Aon reported net income rose $893 million to $1.13 billion for the second quarter of this year compared to the same period last year. Net income per share rose $3.10 to $3.91 a share. Revenues rose 6 percent, or $114 million, to close to $2 billion.
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