Aon Reports $328M in Q1 Net Income, Compared to $325M in Q1 2014

Aon plc reported net income attributable to Aon shareholders of $328 million, or $1.14 per share, compared to $325 million, or $1.06 per share, for the prior year quarter.

Net income per share attributable to Aon shareholders, adjusted for certain items, increased 7 percent to $1.37, compared to $1.28 in the prior year quarter, including a $0.15 per share unfavorable impact on adjusted net income from continuing operations if the company were to translate prior year quarter results at current quarter foreign exchange rates.

“Our first quarter results reflect a solid start to the year with 7 percent earnings growth despite a significant headwind from foreign currency translation,” according to Greg Case, president and chief executive officer. “Results are highlighted by solid organic revenue growth across both Risk and HR Solutions, underlying operational improvement, effective capital management, and substantial free cash flow generation, enabling the repurchase of approximately $250 million of ordinary shares in the quarter.”

Case said the company expects continued progress throughout 2015 “as our industry-leading platform and our investments in innovative client-serving capabilities have positioned the firm for sustainable long-term growth, increased operating leverage and significant free cash flow generation towards our goal of $2.3 billion for the full year 2017.”

Other first quarter highlights include:

Source: Aon plc