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Aon third-quarter profit beats on growth in commercial risk solutions unit By Reuters

October 27, 2023
in Stock Market
Reading Time: 1 min read
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Aon third-quarter profit beats on growth in commercial risk solutions unit By Reuters

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Aon third-quarter profit beats on growth in commercial risk solutions unit
© Reuters. FILE PHOTO: An workplace constructing with Aon brand is seen amidst the easing of the coronavirus illness (COVID-19) restrictions within the Central Enterprise District of Sydney, Australia, June 3, 2020. Image taken June 3, 2020. REUTERS/Loren Elliott/File Picture

(Reuters) – Insurance coverage dealer Aon (NYSE:) reported a third-quarter revenue on Friday that beat analysts’ estimates, helped by development at its industrial danger options enterprise.

There was an uptick in firms spending on worker profit plans encompassing well being, retirement and funding administration.

Income at Aon’s industrial danger options unit rose 7% to $1.59 billion within the quarter.

On an adjusted foundation, the corporate earned $2.32 per share, in contrast with estimates of $2.21, in line with LSEG knowledge.

Aon’s complete income rose almost 10% to $2.95 billion.

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