Aon Beats 1Q Profit Forecasts

Aon reports profitsAon PLC on Friday reported first-quarter earnings of $328 million.

Published on May 4, 2015

Aon on Jan 1 renewals

On a per-share basis, the London-based company said it had net income of $1.14. Earnings, adjusted for non-recurring costs, were $1.37 per share.

The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The insurance brokerage posted revenue of $2.85 billion in the period, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $2.97 billion.

Aon shares have increased 1.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 1 percent. The stock has increased 13 percent in the last 12 months.