- Revenue: USD 8,128 million (+1.6%), of which:
- Business - Commercial Risk Solutions: USD 3,342 million (-1.1%)
- Business - Reinsurance Solutions: USD 1,499 million (+7.0%)
- Business - Retirement Solutions: USD 1,323 million (-2.4%)
- Business - Health Solutions: USD 1,082 million (+4.2%)
- Business - Data & Analytic Services: USD 893 million (+7.1%)
- Region - United States: USD 3,516 million (+1.7%)
- Region - Americas: USD 723 million (+5.9%)
- Region - United Kingdom: USD 1,210 million (+4.2%)
- Region - EMEA: USD 1,793 million (-4.2%)
- Region - Asia Pacific: USD 886 million (+6.9%)
- Operating expenses: USD 6,483 million (-6.8%)
- Operating income: USD 1,645 million (+57.4%)
- Net income (attributable to shareholders): USD 1,158 million (+46.8%)
The nine months revenue per business line came prominently from Commercial Risk Solutions (41.2% share from total revenue), followed by Reinsurance Solutions (18.4%), Retirement Solutions (16.3%), Health Solutions (13.3%) and Data & Analytic Services (10.9%). Looking at each region apart, most of the Aon's revenue was generated in United States (43.2%), EMEA (22.1%), UK (14.9%), Asia Pacific (10.9%) and Americas (8.9%).
Operating expenses for the first nine months of 2019 were USD 6.5 billion, a decrease of USD 472 million compared to the prior year period primarily due to a USD 211 million favorable impact from foreign currency translation, a USD 170 million decrease from a non-cash impairment charge related to certain assets and liabilities that were classified as held for sale in the prior year period, USD 115 million of incremental savings related to restructuring and other operational improvement initiatives, a USD 85 million decrease in restructuring charges, a USD 78 million decrease in expense related to legacy litigation, and a USD 69 million decrease in expenses related to divestitures, net of acquisitions, partially offset by an increase in expense associated with 6% organic revenue growth.
Operating margin for the first nine months of 2019 increased to 20.2% from 13.1% in the prior year period. The increase was driven by organic revenue growth of 6%, strong operational improvement, savings related to restructuring and other operational improvement initiatives, and a decrease from a non-cash impairment charge related to certain assets and liabilities that were classified as held for sale in the prior year period.
During the first nine months of 2019, net income from continuing operations increased USD 376 million, or 46%, to USD 1,192 million compared to the first nine months of 2018. Net income attributable to Aon shareholders for the first nine months of 2019 increased to USD 1,158 million, or USD 4.79 per diluted share, from USD 789 million, or USD 3.19 per diluted share, in the prior year period.
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