Aon reports Q2 results

Aon Corporation reported its second-quarter results today, showing an increase in earnings of 69% compared with Q2 of 2010 ($258 million versus $153 million). Revenue increased 48% for the company to $2.8 billion, ahead of operating expenses, which increased 46% to $2.38 billion.

Greg Case, the company’s president and CEO, attributed the strong showing to growth in its retail brokerage business, as well as to savings realized from streamlining that took place following the company’s 2010 purchase of Hewitt Associates and the subsequent creation of Aon Hewitt. “While macro conditions remain challenging globally, we are firmly on track to deliver growth in 2011, our restructuring programs are delivering cost savings, and we have solid financial flexibility that will continue to drive increased shareholder value, as highlighted by the repurchase of $303 million of common stock in the quarter,” said Case.