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Stock impact report

Aon first-quarter profit grows on gains from investments, funds [Reuters]

Aon plc Class A Ordinary Shares (Ireland) (AON) 
Last aon plc class a ordinary shares (ireland) earnings: 5/1 06:00 am Check Earnings Report
Company Research Source: Reuters
Interest income rose nearly six times to $28 million in the first quarter ended March, primarily due to interest earned on $5 billion investment of debt proceeds used to fund the purchase of NFP. Last year, Aon agreed to privately held NFP in a deal valued at about $13.4 billion to tap the fast-growing middle-market segment of insurance brokerage, wealth management and retirement plan advisory. Report this ad Fiduciary investment income, which rose to $79 million in the quarter from $52 million a year ago, refers to interest earned on funds held in a fiduciary capacity by entities acting in a custodial role. These funds are typically held on behalf of policyholders, and the fiduciary has a legal obligation to manage them in the best interests of clients. The U.S. Federal Reserve's higher-for-longer interest rate environment has helped such companies rake in higher income on funds and investments. Last week, peer Marsh & McLennan also a better-than-expected first-quarter pro Show less Read more
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