Aon PLC's third-quarter net income attributable to shareholders rose 51% to $222 million, or 93 cents per share, from $147 million, or 60 cents per share, a year earlier.
Total revenue increased year over year to $2.38 billion from $2.35 billion. The rise was driven by 5% organic revenue growth, partially offset by a 2% unfavorable impact from foreign currency translation and a 2% unfavorable impact from divestitures, net of acquisitions.
Adjusted net income attributable to shareholders from continuing operations climbed to $347 million, or $1.45 per share, from $321 million, or $1.31 per share, in the third quarter of 2018.
The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was $1.43.
Total operating expenses dropped to $2.02 billion from $2.09 billion in the prior-year period. This was due primarily to a $44 million favorable impact from foreign currency translation, a $34 million decrease in restructuring charges, $32 million of incremental savings related to restructuring and other operational improvement initiatives and a $27 million decrease in expenses related to divestitures, net of acquisitions
This was partially offset by a $25 million nonrecurring legacy litigation benefit recorded in the prior-year period and an increase in expense associated with 5% organic revenue growth.
The company repurchased 1.8 million class A ordinary shares for approximately $350 million during the third quarter.