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Aon Corporation
Stock Symbol: AOC
200 E Randolph St
Chicago, IL 60601
312-381-1000 (phone)
312-701-3080 (fax)
Website: AON
Industry: Accident & Health Insurance
Index Membership: S&P 500; S&P 1500 Super Comp
News releases - read news releases for AON Corporation
Aon Corporation Description:
Aon has built broad global resources to create innovative solutions in insurance and risk management, human capital consulting, and insurance underwriting to help clients. Our name is Gaelic for "oneness." We live by our name by bringing together top professionals who work across hundreds of disciplines in a seamless, integrated fashion designed to serve our clients in the most custom-tailored manner possible, virtually anywhere in the world. This focus and dedication has made us a world leader within our industry.
Aon Corporation Financial Summary:
Aon Corporation (NYSE: AOC) today reported results for the third quarter ended September 30, 2007. Net income increased 92% to $204 million or $0.64 per share, compared to $106 million or $0.32 per share for the prior year quarter. Net income from continuing operations increased 109% to $188 million or $0.59 per share, compared to $90 million or $0.27 per share for the prior year quarter. Certain items that impacted third quarter results and comparisons with the prior year quarter are detailed in the reconciliations of non-GAAP measures on pages 13 and 14 of this press release. Net income from continuing operations per share, excluding certain items, increased 67% to $0.70 compared to $0.42 for the prior year quarter.
Aon Corporation Business Summary:
Aon Corporation, through its subsidiaries, provides insurance and risk management, consulting, and insurance underwriting solutions worldwide. The company has three segments: Risk and Insurance Brokerage Services; Consulting; and Insurance Underwriting. The Risk and Insurance Brokerage Services segment offers retail brokerage services, including advisory services to entertainment, media, financial institutions, marine, aviation, construction, healthcare, and energy industries; risk management solutions that cover property, general liability, directors' and officers' liability, and workers' compensation risks; affinity products for professional liability, life, disability, income, and personal lines to individuals, associations, and businesses; and premium finance services, as well as engages in the management of general underwriting, placement, and captive management services. This segment also operates as a broker that provides reinsurance services, including advice, placement of reinsurance and alternative risk transfer financing with capital markets, actuarial consulting, financial and regulatory consulting, portfolio analysis, catastrophe modeling, and claims services to insurance and reinsurance companies, and other risk assumption entities. The Consulting segment offers consulting services in various areas, including employee benefits, compensation, management consulting, communications, strategic human resource consulting, financial advisory and litigation consulting, and human resource outsourcing. The Insurance Underwriting segment operates as an underwriter and distributor of individual accident, disability, health, and life insurance products. The company was founded in 1919 and is based in Chicago, Illinois.
