Aon plc (AON) – Improved organic revenue growth across all major businesses

Aon plc (NYSE: AON) reported results for the three months ended June 30, 2012.

AON Net income attributable to Aon shareholders decreased 5% to $246 million, or $0.73 per share, compared to $258 million, or $0.75 per share, for the prior year quarter.  Net income attributable to Aon shareholders from continuing operations was $247 million, or $0.73 per share, compared to $256 million, or $0.75 per share, for the prior year quarter.  Net income per share attributable to Aon shareholders from continuing operations, adjusted for certain items, was $1.02, compared to $1.03 in the prior year quarter.

Second Quarter Summary

• EPS from continuing operations, adjusted for certain items, was $1.02
• Risk Solutions revenue decreased 1% to $1.9 billion with organic revenue growth of 4%
• Risk Solutions operating margin was 20.2% and the operating margin, adjusted for certain items, increased 80 basis points to 21.9%
• HR Solutions revenue increased 3% to $931 million with organic revenue growth of 4%
• HR Solutions operating margin was 6.2% and the operating margin, adjusted for certain items, decreased 440 basis points to 15.4%
• Repurchased 5.3 million Class A ordinary shares for approximately $250 million
• On April 2, 2012, the Company completed its change in corporate domicile of the parent company of the Aon group of companies from Delaware to the U.K.
• On April 19, 2012, the Company announced the authorization of a $5 billion share repurchase program and a 5% increase to the annual cash dividend

“Our second quarter results reflect improved organic revenue growth across all of our major businesses as we make significant investments to further strengthen our client-serving capabilities,” said Greg Case, president and chief executive officer.  “While macro conditions remain fragile globally, we continue to anticipate improved performance in the second half of the year, our underlying performance is on track with our long-term targets and we have completed significant steps to position the firm for long-term growth, strong free cash flow generation and increased financial flexibility as highlighted by the repurchase of $250 million of ordinary shares in the quarter.”

About Aon- AON

Aon plc (AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 61,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world’s best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.