AON Aon PLC

By Dave Sebastian

Aon PLC said its profit for the second quarter fell as expenses rose, while revenue increased, led by its commercial-risk business.

The Dublin-based insurance brokerage Friday posted net income attributable to shareholders of $379 million, compared with $398 million a year earlier. Earnings were $1.66 a share, compared with $1.70 a share in the prior year.

Adjusted earnings were $2.29 a share. Analysts polled by FactSet were expecting $1.86 a share.

Revenue rose to $2.89 billion from $2.5 billion, the company said. Analysts were looking for $2.68 billion.

Revenue from commercial-risk services rose 20% to $1.35 billion. Revenue rose 12% at both its reinsurance-services and its retirement-services businesses. Health-services revenue rose 19%, and data and analytic services revenue rose 7%, it said.

Aon and Willis Towers Watson PLC earlier this week abandoned a more than $30 billion tie-up that would have created the world's largest insurance brokerage, deciding it wasn't worth pursuing in the face of Justice Department opposition.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

July 30, 2021 06:38 ET (10:38 GMT)

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