The three biggest insurance brokerages reported mixed results for the first quarter, with Aon seeing a big drop in net income, Marsh & McLennan reporting a substantial gain, and Willis a more modest jump.
Chicago-based Aon Corp. saw its first-quarter net income drop 36 percent as economic headwinds and soft market conditions took a toll on earnings.
Aon reported a net income decline of $102 million, to $178 million, compared to the same period last year. Earnings per share fell 33 cents per share, to 63 cents. Overall organic growth was down 3 percent.
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