Aon recorded flat revenues of $2.69 billion in the three months to September 30, down slightly from $2.70 billion last year.
The international broking giant told investors that net income attributable to shareholders had increased to $408 million, compared to a loss of $900 million over the same period last year.
Total operating expenses dropped 40% year-on-year over the quarter, to $2.1 billion, due to a $1.0 billion ‘termination fee’ from the breakdown of its mega-merger with Willis Towers Watson.
Organic revenue rose by 5% year-on-year due to robust retention, new business generation and management of its renewal book portfolio, it said.
The company said double-digit growth in Latin America, UK, and Asia reflected a strong retail brokerage market, solid growth in core property & casualty, and positive global exposures and pricing.
