Aon's continuing operations earnings up in qtr.(third quarter 1996)

National Underwriter Property & Casualty-Risk & Benefits Management, November, 1996

On the strength of a 12.2 percent gain in revenues and a 21.6 percent rise in pretax operating income for its insurance brokerage and consulting divisions, Chicago-based Aon Corp. reported increased third-quarter income for its continuing operations. Although investment income on the proceeds from the sales of two life insurance companies were included in comparative results for all operations, the absence of operating income from the two discontinued insurers - Union Fidelity Life Ins.

Co. and The Life Ins. Co. of Virginia, which added $23 million in after-tax income to last year's third-quarter results - meant lower net income overall. For continuing operations and discontinued operations together, net income after taxes for third-quarter 1996 was $83.8...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.