Chicago-based insurance broker Aon said it will pay a 15-cent quarterly dividend Feb. 14 to its common shareholders of record as of Feb. 1.
The company has not yet reported its fourth-quarter earnings. For the third quarter the firm reported net income rose 92 percent, or $98 million, to $204 million compared with the same period in 2006 (see NU Online, Nov.1).
Comparing the nine months ending Sept. 30 to the same period of 2006, net income rose 32 percent, or $160 million, to $657 million, or $2.05 a share.
As part of its third-quarter report, Aon announced a restructuring plan that would result in the elimination of 2,700 positions. The cuts represent 6 percent of the total workforce of about 43,000 worldwide. Most of the cuts would not affect “client-facing” positions.
In December, Aon announced the sale of its insurance companies Combined Insurance Company of America and Sterling Life Insurance Company to ACE and Munich Re, respectively, for a total of $3 billion (see NU Online, Dec. 17).
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