Insurance broker Aon profit jumps on risk management strength

Aon Plc Class A
Willis Towers Watson
Marsh & McLennan Companies, Inc.

Aon Plc Class A

AON

0.00

Willis Towers Watson

WTW

0.00

Marsh & McLennan Companies, Inc.

MRSH

0.00

May 1 (Reuters) - Insurance brokerage firm Aon AON.N reported higher first-quarter profit on Friday, on the back of strong demand for its risk-management solutions.

Insurance spending has remained resilient as individuals and businesses prioritize coverage in a complex environment to mitigate against risks such as natural disasters and cyber crime.


Here are some more details:

  • Revenue from Aon's risk capital arm, which helps clients to measure and mitigate risk, rose 9.7% to $3.50 billion in the quarter from a year earlier.

  • Brokers generate revenue through commissions based on premiums, tying their performance closely to the broader insurance industry.

  • Adjusted net income attributable to Aon's shareholders rose to $1.4 billion, or $6.48 per share, for the quarter ended March 31, up from $1.24 billion, or $5.67 per share, a year earlier.

  • The company reported total revenue of $5.03 billion, with 5% organic growth.

  • Peers Marsh McLennan MRSH.N and Willis Towers Watson WTW.O also posted a rise in first-quarter adjusted profit pointing to steady industry-wide demand.


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