The new revenue recognition standard affects the AON Q4 indicators

5 February 2019 —
Re/insurance broker AON announced its Q4 revenue decreased USD 139 million to USD 2.77 billion mainly "related to adoption of the new revenue recognition standard", as the company mentioned in a statement.

Total operating expenses in the fourth quarter decreased 2% to USD 2.3 billion - including a decrease of USD 60 million related to adoption of the new revenue recognition standard, while restructuring expenses were USD 119 million, primarily driven by costs associated with restructuring and separation initiatives and workforce reductions.

Per divisions, Commercial Risk Solutions generated the largest volume of Q4 aggregate revenue. This indicator increased by 4% to USD 1.27 billion. Reinsurance Solutions, Retirement Solutions, Health Solutions and Data & Analytic Services reported revenue as follows: USD 162 million, USD 509 million USD 558 and USD 271 million.

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