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Aon Corp. reported that fourth-quarter net income fell 50 percent, to $46.2 million, or 38 cents a share, from $92.9 million, or 80 cents a share, a year earlier.
The Chicago-based insurance services holding company said revenue from continuing operations rose 20 percent, to $1.07 billion from $894.9 million.
Net income reflects special charges associated with the fourth-quarter acquisition of Bain Hogg Group.
For the year, Aon reported that net income fell 17 percent, to $335.2 million, or $2.87 a share, from $402.8 million, or $3.48 a share, in 1995. Revenue rose 12 percent, to $3.89 billion from $3.46 billion.
