Aon PLC reported second-quarter net income attributable to shareholders of $48 million, or 19 cents per share, compared with $769 million, or $2.93 per share, in the second quarter of 2017.

Results include $36 million, or 14 cents per share, of unfavorable impact from adoption of the FASB's new revenue recognition standard.

Adjusted net income attributable to Aon shareholders from continuing operations was $424 million, or $1.71 per share, versus $346 million, or $1.31 per share, in the year-ago period.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was $1.64.

Total revenue for the second quarter was $2.56 billion, up from $2.37 billion in the prior-year quarter. The company saw organic revenue growth of 5%.

The company repurchased 2.8 million class A ordinary shares for approximately $400 million.