Net income from continuing operations was USD 435 million, or USD 1.53 per share, compared to USD 1.3 billion, or USD 4.51 per share, in the prior year. Net income per share from continuing operations, adjusted for certain items, increased 17% to USD 6.52, compared to USD 5.58 in the prior year. For the fourth quarter Aon has reported just USD 10mn of profit as its effective tax rate hit 95.8 percent impacted by latest tax reforms and restructuring costs.
During 2017, the Company repurchased approximately 18.0 million Class A Ordinary Shares for a record USD 2.4 billion at an average price of USD 133.67 per share.
"Our fourth quarter results reflect a strong finish to a solid year, highlighted by 6% organic growth, substantial operational improvement driven by our Aon United operating model initiative, and effective capital management, highlighted by the return of a record amount of capital to shareholders in 2017," said Greg CASE, President and Chief Executive Officer. "The long-term growth profile of our firm is increasing, driven by an unmatched level of investment and an industry-leading portfolio focused around our highest value solutions and our clients' greatest needs. Combined with core operational performance and savings from the Aon United operating model, we believe we are on track to exceed USD 7.97 of adjusted earnings per share in 2018, and deliver double-digit free cash flow growth over the long-term."
More details are available on the company's website.
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