Aon’s total revenues for the quarter increased 8% to $2 billion with organic revenue growth of 1%, and total expenses increased 4% or $73 million to $1.8 billion, including a $92 million unfavorable impact from foreign currency translation. Net income from continuing operations increased 33% to $190 million or $0.59 per share, as against $143 million or $0.43 per share for the prior year quarter.
Aon has posted a net income of $864 million or $2.69 per share for the full year ended December 31, 2007, an increase when compared to $720 million or 2.13 per share for the prior year. Total revenues for 2007 increased 9% to $7.5 billion with organic revenue growth of 2%.
Greg Case, president and CEO of Aon Corporation, said: Our fourth quarter and 2007 results are fully on schedule with the second year of our three-year improvement plan. Our expense initiatives and restructuring programs are delivering meaningful margin improvement while funding investments in value-added services and capabilities for our clients.
