Aon Q2 Profit Matches Street - Quick Facts

(RTTNews) - Risk and insurance brokerage service provider Aon Plc (AON) posted lower second-quarter net income attributable to shareholders from continuing operations of $241 million, or $0.76 per share, versus last year's $247 million, or $0.73 per share. Adjusted for certain items, net income per share attributable to Aon shareholders from continuing operations, amounted to $1.11. On average, 20 analysts polled by Thomson Reuters expected earnings per share of $1.11 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, quarterly total revenue advanced by 3% year-over-year to $2.9 billion, from $2.82 billion, helped a 3% rise in organic revenue and a 1% growth in commissions and fees resulting from acquisitions, net of divestitures, partially offset by a 1% unfavorable impact from foreign currency translation and a 25% drop in investment income due to lower average interest rates. Analysts estimated revenues of $2.91 billion for the quarter.