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Aon Fourth-Quarter Revenue Up

During the fourth quarter of 2004, Aon took a $180 million charge to settle charges brought by New York Attorney General Eliot Spitzer and other states that the company improperly steered insurance co

By Mark E. Ruquet | Updated on January 09, 2006

Despite a slight drop in revenue, Aon brokerage reported it increased its 2005 fourth-quarter net income 177 percent through improved operations and a dramatic reduction in settlement costs.

Compared with the 2004 period, fourth-quarter net income increased $143 million, from $81 million, or 24 cents a share, to $224 million, or 65 cents a share in 2005.

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