Aon plc (AON)

Sector: Financials|Industry: Insurance Brokers|Market Cap: $76.25B|Employees: 50K


Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. They help clients meet complex challenges related to risk and people through their experience, global reach, and comprehensive analytics. Aon's core business model is focused on higher-margin, capital-light professional services with high recurring revenue streams and strong cash flow generation. They operate in over 120 countries and sovereignties, serving all market segments and almost every industry.

  1. Filings

Filing Highlights

Financial Performance

The company's total revenue grew by 7% due to organic growth and a favorable impact from fiduciary investment income. However, this was partially offset by an unfavorable impact from acquisitions, divestitures and other factors.

The company's operating margin and adjusted operating margin were 28.3% and 31.6%, respectively. This improvement was driven by revenue growth outpacing expense growth and long-term investments.

The company's diluted earnings per share and adjusted diluted earnings per share were $12.51 and $14.14, respectively. This reflects strong operational performance and effective capital management, highlighted by $2.7 billion of share repurchases during 2023, partially offset by an unfavorable impact from higher non-cash pension expense and other non-operating expenses.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Capital Allocation

ESG Initiatives