© Reuters. FILE PHOTO: An office building with Aon logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. Picture taken June 3, 2020. REUTERS/Loren Elliott/File Photo
(Reuters) – Insurance broker Aon (NYSE:) reported a third-quarter profit on Friday that beat analysts’ estimates, helped by growth at its commercial risk solutions business.
There has been an uptick in companies spending on employee benefit plans encompassing health, retirement and investment management.
Revenue at Aon’s commercial risk solutions unit rose 7% to $1.59 billion in the quarter.
On an adjusted basis, the company earned $2.32 per share, compared with estimates of $2.21, according to LSEG data.
Aon’s total revenue rose nearly 10% to $2.95 billion.
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