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Aon sees 6% organic revenue growth in Q4'17

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Aon sees 6% organic revenue growth in Q4'17

Aon Plc reported a fourth-quarter 2017 net loss attributable to shareholders of $19 million, or 7 cents per share, compared to income of $452 million, or $1.68 per share, in the prior-year quarter.

Adjusted net income attributable to shareholders was $594 million, or $2.34 per share, compared with $637.0 million, or $2.37 per share, in the year-ago period.

The S&P Capital IQ consensus normalized estimate for the quarter was $2.34 per share.

Total revenue for the fourth quarter was $2.91 billion, up from $2.65 billion in the prior-year quarter on organic revenue growth of 6%.

For 2017, the company reported net income attributable to shareholders to $1.23 billion, or $4.70 per share, compared to $1.40 billion, or $5.16 per share, in 2016. Adjusted EPS was $6.74, versus $6.59 in 2016.

The S&P Capital IQ consensus normalized estimate for 2017 was $6.52 per share.

During the quarter, Aon repurchased 3.5 million class A ordinary shares for approximately $500 million.

As a result of the initial analysis of the Tax Cuts and Jobs Act, the company expects that U.S. tax reform will have modest upward pressure on its effective tax rate.