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Aon Cuts Expenses, Boosts Profit 18%

NU Online News Service, May 4, 4:18 p.m. EDT--Aon Corporation, the second-largest brokerage firm behind Marsh, reported an 18 percent boost in its quarterly ...

By Michael Ha | Updated on February 04, 2005

NU Online News Service, May 4, 4:18 p.m. EDT–Aon Corporation, the second-largest brokerage firm behind Marsh, reported an 18 percent boost in its quarterly profit, thanks to expense-cutting efforts that more than made up for a fall in revenues caused by softening prices and the ending of contingent fees.

The brokerage giant’s profit for the 2005 first quarter was $200 million, up from $170 million one year ago.

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