AON Aon PLC

By Dave Sebastian

Aon PLC said revenue rose for the third quarter, though it swung to a loss as the company booked a $1.3 billion increase in charges related to scrapping the deal with Willis Towers Watson PLC and related costs.

The insurance brokerage on Friday posted a net loss attributable to shareholders of $900 million, compared with a profit of $275 million in the year-ago period. It reported a loss of $3.99 a share, compared with earnings of $1.18 a share a year earlier.

Adjusted earnings were $1.74 a share. Analysts polled by FactSet were expecting $1.70 a share.

Revenue for the quarter rose to $2.7 billion from $2.39 billion last year. Analysts were looking for $2.6 billion.

Operating expenses rose to $3.5 billion from $1.94 billion.

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

(END) Dow Jones Newswires

October 29, 2021 06:30 ET (10:30 GMT)

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