US – Aon profit gets reinsurance boost

Broker Aon plc’s group profit rose by 25 percent, helped by a five percent increase in organic revenues at its Aon Benfield reinsurance broking arm, according to a press release. New York-listed Aon reported net income of USD256 million for the third quarter, up from USD204 million in the same period last year. 

Adjusted net income per share rose 19 percent to USD1.13, beating the consensus analyst forecast of USD1.04. Analysts pointed out that behind the “beat” were a number of one-offs such as investment sales.