Aon Corp posts 2.3 pct profit increase in 1st qtr
NEW YORK (Reuters) - Aon Corp (AOC.N: Quote, Profile, Research, Stock Buzz), the world's second largest insurance broker, said on Thursday earnings rose by 2.3 percent in the first quarter as consulting revenue grew.
Aon, which helps business clients secure insurance coverage, said net earnings increased to $218 million, or 68 cents a share, from $213 million, or 66 cents a share, in the year-ago quarter.
Income from continuing operations, excluding items, was 71 cents, compared with analysts' average expectation of 63 cents a share, according to Reuters Estimates.
Revenue rose 7 percent to $1.9 billion.
Chicago-based Aon earlier this month estimated a pretax gain of about $1.3 billion in the second quarter largely as a result of selling Combined Insurance Cos of America to Ace Limited (ACE.N: Quote, Profile, Research, Stock Buzz).
(Reporting by Lilla Zuill and Dan Wilchins; editing by Jeffrey Benkoe, Richard Chang)
© Thomson Reuters 2008 All rights reserved
Ads by Career Builder
Commercial Real Estate (CRE) Servicing and Asset Management
Details: ...Bank is seeking Real Estate Finance professionals for its Commercial Real Estate Servicing and Asset Management...
Tax Manager-Real Estate
Details: ...audit, tax and advisory firm...industry insights and a multidisciplinary range of services. We are currently seeking a Real Estate Tax Manager...day-to-day advisory and tax compliance services * Provide...
Commercial Investment Real Estate Broker
Details: ...Investment Real Estate Brokerage from...offices nationwide and over $21 billion...is the largest Real Estate Investment Services firm in the nation...centers, office and industrial buildings...
VP - Real Estate Finance
Details: ...seeks a VP - Real Estate Finance. This person...accounting, operations and reporting process...international funds real estate opportunity funds...staff; coordinate and review quarterly financial statements and...




