Aon income stable despite contingent commission dip
Aon's contingent commission income reduced from $46m to $11m in the last quarter of 2004, against the same period in 2003. In its end of year results, the broking group reported profits from its continuing operations increased to $685 million from $676 million for the twelve months to December 2004. Risk and Insurance Brokerage Services reported revenue was $1.5 billion for both the current and prior year quarters, with organic revenue declining 1%.
Aon's statement continued:During the fourth quarter, the company completed the sale of its Cambridge Integrated Services claims business and the sale of virtually all of its common stock ownership in
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