London-headquartered insurance broker Aon plc. says fourth-quarter net income was up 10 percent, primarily due to the strength of its insurance-brokerage business, where revenues grew by 15 percent.
The firm says net income in the quarter climbed by $28 million to $305 million. Revenues were up 4 percent, or $121 million, to $3.12 billion.
The increase was fueled by the insurance brokerage segment, where retail-brokerage and reinsurance revenues combined rose 3 percent, or $55 million, to $2.04 billion.
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