Total revenue decreased 2% to $1.8b
Aon Corporation has reported results for the third quarter ended September 30, 2009.
The net income attributable to Aon stockholders was $120m or $0.41 per share, compared to $117m or $0.40 per share for the prior year quarter. The net income attributable to Aon stockholders from continuing operations decreased 25% to $117m or $0.40 per share, compared to $155m or $0.53 per share for the prior year quarter.
The net income attributable to Aon stockholders from continuing operations per share, excluding certain items, decreased 6% to $0.65 compared to $0.69 for the prior year quarter, including a $62m or 69% decline in investment income.
The total revenue decreased 2% to $1.8b due to a 5% decline resulting from foreign currency translation and a 69% decline in investment income, partially offset by a 9% increase from acquisitions, primarily Benfield, net of dispositions.
The total operating expenses were similar to the prior year quarter at $1.6b, including an $82m favourable impact from foreign currency translation, partially offset by a
$45 m increase in restructuring charges and operating expenses from the Benfield merger.