Stock Symbol: AOC
200 E Randolph St
Aon Corporation Industry:
Aon Corporation Description:
Aon Corporation is a holding company whose operating subsidiaries conduct business in three segments: insurance brokerage and other services; consulting; and insurance underwriting. The Insurance Brokerage and Other Services segment consists principally of the Company's retail brokerage, reinsurance, wholesale and specialty brokerage and other related services such as managing underwriting and claims and financing services. The Consulting segment provides a range of services utilizing four practice groups: employee benefits, compensation, management consulting and employment practices outsourcing.
Aon Corporation Financial Summary:
AOC is a holding company whose subsidiaries are engaged in three segments: insurance brokerage and other services, consulting and insurance underwriting. For the 6 months ended 6/30/05, revenues fell 2% to $5.03B. Net income from cont. ops. applic. to common rose 6% to $392M. Revenues reflect lower income from brokerage commissions & fees. Net income benefited from decreased general expenses and lower depreciation & amortization charges.
Aon Corporation Business Summary:
Aon Corporation (Aon) serves its clients through three operating segments: Risk and Insurance Brokerage Services, which acts as an advisor and insurance broker, helping clients manage their risks, and negotiating and placing insurance risk with insurance carriers; Consulting, which provides advice and services to clients for employee benefits, compensation, management consulting, communications, human resource outsourcing and strategic human resource consulting, and Insurance Underwriting, which provides specialty insurance products, including supplemental accident, health and life insurance; credit life, accident and health insurance; extended warranty products, and select property and casualty insurance products and services. In November 2004, Aon sold Cambridge Integrated Services Group, Inc., its claims administration business in the United States, to Scandent Holdings Mauritius Limited. During the year ended December 31, 2004, Aon also sold its United Kingdom claims business.