Aon (AON) reported earnings on Fri 1 Feb 2019 (b/o)

Aon plc provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide.

• Sector: Financial Services
• Industry: Insurance Brokers
• Full Time Employees: 50,000
• http://www.aon.com
• Founded in 1919
• Headquartered in London, the United Kingdom.

 

LONDON (AP) _ Aon PLC (AON) on Friday reported fourth-quarter net income of $345 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the London-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, came to $2.16 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.

The insurance brokerage posted revenue of $2.77 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $2.83 billion.

For the year, the company reported profit of $1.13 billion, or $4.59 per share. Revenue was reported as $10.77 billion.

Aon shares have increased nearly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 8 percent. The stock has risen 10 percent in the last 12 months.