Clarification On Aon Losses
NU Online News Service, Jan. 25, 12:11 p.m. EST?Chicago-based insurance broker Aon's announcement of fourth quarter losses reported Jan. 16 in NU Online News should have specified that the loss involved was incurred from the company's investment segment.
The firm said it expects an "approximate $70 million" loss "in non-operating corporate and other segment revenue" that is "comprised predominantly of investment income from the company's equity portfolio" and "includes limited partnership investments."
Aon said it plans to release its fourth quarter earning results on Feb. 12 and hold a Web cast conference call at 10 a.m. CST. Both will be available through www.aon.com.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
