Aon has reported for Q3 2018 total revenues up by 6%, to USD 2.3 billion, including 6% organic revenue growth. The operating margin increased to 11.2%, and operating margin, adjusted for certain items, increased 190 basis points to 18.5%.
For the first nine months of 2018, cash flow from operations increased 237% to USD 975 million, and adjusted free cash flow increased 5% to USD 1,163 million, when excluding certain near-term impacts related to the divestiture of the outsourcing business.
Besides the financial achievements, Aon has said it has launched a silent cyber solution, driven by analytics and backed by a reinsurance solution, to help carriers respond to expanding cyber risk and regulations.
Net income (loss) from continuing operations attributable to Aon shareholders on a reported basis was USD 149 million, or USD 0.61 per share, compared to USD 189 million, or USD 0.73 per share, in the prior year period, which includes USD (81) million, or USD (0.31) per share, of unfavorable impact from adoption of the new revenue recognition standard. Net income per share from continuing operations on a comparable basis, adjusted for certain items and the impact of adoption of the new revenue recognition standard, increased 34% to USD 1.31, including an unfavorable impact of USD 0.05 per share related to foreign currency translation, compared to USD 0.98 in the prior year period. Certain items that impacted third quarter results and comparisons with the prior year period are detailed in the “Reconciliation of Non-GAAP Measures Adjusted for Changes in Accounting Guidance – Operating Income from Continuing Operations and Diluted Earnings Per Share” on page 11 of this press release…