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Aon Q3 net incomes increases

Aon has reported a net income attributable to stockholders was $144m or $0.51 per share for the third quarter of the 2010, compared to $120m or $0.41 per share, for the same quarter a year ago.

The reported total revenue was similar to the prior year quarter at $1.8bn due to a 2% increase from acquisitions, primarily Allied North America, net of dispositions, offset by a 1% decrease from foreign currency translation and a 6% decline in fiduciary investment income.

Brokerage revenue was $1.5bn with a decline in organic revenue of 1%. Consulting revenue was $321m with an increase in organic revenue of 4%.

Aon president and CEO Greg Case said, the company delivered 4% organic revenue growth and a 150 basis point increase in margin in the Consulting segment and continued to improve the run-rate of organic revenue in the retail Brokerage business.

“Our GRIP platform, Aon Broking initiatives and benefits related to the restructuring programs are expected to deliver long-term growth and significant margin improvement in our Brokerage segment, Case said.