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


(END) Dow Jones Newswires

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

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