Aon has reported net income attributable to its shareholders of $261m, or $0.82 per share, with an increase of 10%, compared to $238m, or $0.71 per share, during the same period earlier year.
For the three months ended on 31 March 2013, its total revenues rose by 3% to $2.91bn, against $2.84bn during the corresponding period last fiscal.
The increase in revenues is backed by a 2% and 1% increase in organic revenue and in commissions and fees resulting from acquisitions, net of divestitures, respectively, partially offset by a 42% decline in investment income.
Aon president and CEO Greg Case said that the first quarter results reflect a solid start to the year with double-digit earnings growth driven by a strong performance in its risk solutions business and effective capital management.
Total operating expenses for the first quarter grew by 3% to $2.5bn versus $2.4bn during the year ago quarter.
Risk Solutions division total revenue increased by 3% to $2bn, compared to the prior year quarter at $1.9bn, due to 3% organic growth in commissions and fees and a 1% increase in commissions, among others.
HR Solutions division total revenue surged by 1% to $954m against $945m during the the prior year quarter driven by 1% organic growth in commissions and fees.
Serving clients in over 120 countries, Aon offers risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services, through its more than 65,000 colleagues globally.
