Aon (NYSE: AON) reported a steady net income in 2016 as the company registered growth of 1 percent, to US$1.43 billion from US$1.42 billion in 2015, it said on Friday.
Revenues fell slightly, to US$11.63 billion from US$11.68 billion in 2015 due to an unfavorable currency impact, which was partially offset by organic growth in commissions.
The company’s risk solutions division posted 0.7 percent growth, with commissions and fees totaling US$7.46 billion in 2016 compared to US$7.41 billion in 2015. HR solutions contracted by 2.8 percent, with fees adding up to US$4.18 billion in 2016 from US$4.3 billion in 2015.
“We ended 2016 in a strong position, driving positive performance across each of our key metrics for both the fourth quarter and the full year, highlighted by growth across every major business and record operating margin in Risk Solutions,” said Greg Case, Aon’s President and CEO.
After the fourth quarter closed, Aon finalized a US$4.8 billion deal to sell the Benefits Administration and HR Business Process Outsourcing divisions. Total net proceeds are expected to amount to approximately $3 billion.
The full report can be found here.