By Maitane Sardon

 

Aon PLC on Friday reported a rise in earnings and flat revenue for the third quarter.

The professional-services firm that offers insurance-brokerage services posted net income of $275 million, or $1.18 a share, compared with $222 million, or 93 cents a share, in the year-ago period.

Adjusted earnings were $1.53 a share. Analysts polled by FactSet were expecting adjusted earnings of $1.49 a share.

Revenue was flat at $2.4 billion, including flat organic revenue. Analysts were looking for $2.32 billion.

Aon said for the first nine months of 2020, cash flows from operations increased 74% to $2 billion and free cash flow increased 91% to $1.9 billion compared with the prior-year period.

 

Write to Maitane Sardon at maitane.sardon@wsj.com

 

(END) Dow Jones Newswires

October 30, 2020 08:41 ET (12:41 GMT)

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