AON Q1 net income declined 4% to USD 315 million

5 May 2016 — Vlad BOLDIJAR
The risk and insurance brokerage services provider AON reported a net income attributable to shareholders of USD 315 million (or USD 1.15 per share ) for the first three months of the year, compared to USD 328 million (USD 1.14 per share), for the prior year quarter.

Total revenue decreased by 2%, to USD 2.78 billion compared to 1Q2015 "driven primarily by a 3% unfavorable impact from foreign currency translation and a 2% decrease in commissions and fees related to net divestitures, partially offset by 3% organic revenue growth", the company pointed out in a statement published on its website.

By divisions, Risk Solutions' total revenue decreased by 1%, to USD 1.87 billion (Q1 operating income increased by 4% y-o-y, to USD 429 million), while HR Solutions' total revenue was down by 4%, to USD 930 million (operating income decreased by 12%, to USD 67 million).

Read the full release here.

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