Aon Corporation, a provider of risk management services, insurance and reinsurance brokerage firm, has reported net income attributable to Aon stockholders of $258m or $0.75 per share for the second quarter of 2011, compared to $153m or $0.54 per share for the same quarter of 2010, with an increase of 69%.
The insurer has posted net income attributable to Aon stockholders from continuing operations increased 43% to $256m or $0.75 per share for the second quarter of 2011, compared to $179m or $0.63 per share for the prior year quarter.
The total revenues reported for the second quarter of 2011 were $2.81bn, compared to $1.90bn for the same quarter of the previous year, with an increase of 48%.
Aon Corporation president and CEO Greg Case said the firm delivered solid organic revenue growth in the Retail Brokerage business while delivering on the synergy savings related to Aon Hewitt.
"While macro conditions remain challenging globally, we are firmly on track to deliver growth in 2011, our restructuring programs are delivering cost savings and we have solid financial flexibility that will continue to drive increased shareholder value, as highlighted by the repurchase of $303 million of common stock in the quarter," Case said.