Aon plc is a leading global professional services firm providing a broad range of risk and human capital solutions. The company helps clients meet rapidly changing, increasingly complex, and interconnected challenges related to risk and people. Aon's core business model is focused on providing advice, analytics, and solutions to help clients make better decisions to protect and grow their businesses. The company operates in over 120 countries and sovereignties, serving all market segments and almost every industry. Aon focuses on higher-margin, capital-light professional services businesses with high recurring revenue streams and strong cash flow generation. The company competes with numerous other global insurance brokers and consulting companies, as well as insurance and reinsurance companies that directly market their products.

• Employees: Approximately 50,000 (as of December 31, 2023)
• Geographic Footprint: Over 120 countries and sovereignties
• Headquarters: Dublin, Ireland
• Founded: 1997
• Number of locations/facilities: Not specified
• Revenue: $13.376 billion (FY2023)
• Market capitalization: $70.135 billion (as of June 30, 2023)
• Key Subsidiaries/Brands: Aon Securities LLC, Aon Business Services

• CEO: Gregory C. Case
• President: Eric Andersen
• CFO: Christa Davies
• Chief Operating Officer: Mindy Simon
• Chief Innovation Officer: Jillian Slyfield
• Chief People Officer: Lisa Stevens
• Chief Marketing Officer: Andy Weitz
• General Counsel and Company Secretary: Darren Zeidel

Key leaders have extensive experience in financial services, consulting, and technology.

• Annual Revenue: $13.376 billion (FY2023)
• Net Income: $2.628 billion (FY2023)
• Market Cap: $70.135 billion (as of June 30, 2023)
• Total Assets: $33.959 billion (as of December 31, 2023)
• Employees: Approximately 50,000 (as of December 31, 2023)
• Key Financial Highlights: 7% organic revenue growth in FY2023, Diluted earnings per share increased 3% to $12.51 per share during the twelve months of 2023, Cash flows provided by operating activities was $3.4 billion in 2023.

Aon provides a broad range of risk and human capital solutions through four solution lines:

• Commercial Risk Solutions: Includes retail brokerage, specialty solutions, global risk consulting, and captives management.
• Reinsurance Solutions: Includes treaty reinsurance, facultative reinsurance, Strategy and Technology Group, and capital markets.
• Health Solutions: Includes consulting and brokerage, consumer benefits solutions, and talent.
• Wealth Solutions: Includes retirement consulting, pension administration, and investments consulting.

Aon operates as one segment, Aon United, which includes all of its continuing operations. Revenue breakdown by solution line for FY2023:

• Commercial Risk Solutions: $7.043 billion
• Reinsurance Solutions: $2.481 billion
• Health Solutions: $2.433 billion
• Wealth Solutions: $1.431 billion

Aon's current strategic priorities include strengthening the firm with one portfolio of capability enabled by data and analytics and one operating model to deliver additional insight, connectivity, and efficiency. The company is committed to accelerating innovation to address unmet and evolving client needs. Aon is focused on higher-margin, capital-light professional services businesses that have high recurring revenue streams and strong cash flow generation. The company endeavors to make capital allocation decisions based upon return on invested capital. Aon is implementing a three-year restructuring program, Accelerating Aon United Program, to streamline technology, optimize leadership, and reduce real estate footprint.

• Key strategic initiatives: Accelerating Aon United Program, focus on innovation, and capital allocation based on return on invested capital.
• Growth drivers: Strong client retention, net new business generation, and management of renewal book.
• Investment priorities: Technology platforms, data and analytics, and long-term growth.

Aon operates in the global professional services industry, providing risk and human capital solutions. The competitive landscape includes:

• Market Position: Aon is a leading global professional services firm.
• Key Competitors: Marsh & McLennan Companies, Inc., Willis Towers Watson Public Limited Company, Arthur J Gallagher & Company, Lockton Companies, Inc., and other global, regional, and local firms.
• Industry Trends: Clients are increasingly seeking innovative strategies, efficiencies, and new solutions. There's a trend towards engaging multiple brokers and a growing desire for clients to move away from variable commission rates. Technology-enabled competitors are also emerging.

• Market Risks: Economic downturns, competitive pressures, and changes in insurance and reinsurance markets.
• Operational Risks: Failure to retain, attract, and develop qualified personnel, system or network disruptions, and inability to integrate acquired businesses.
• Financial Risks: Fluctuations in currency exchange rates, interest rates, and credit quality, as well as the impact of the OECD global minimum tax regime.
• Regulatory Risks: Extensive governmental regulation, including licensing requirements, data privacy, and trade sanctions laws.