Aon PLC

Latest Results (17.12.2024):

Revenue Growth

Aon PLC reported a significant increase in total revenue for the third quarter of 2024, reaching $3.7 billion. This represents a 26% increase compared to the prior year period, driven by organic revenue growth of 7% and contributions from acquired revenues, particularly from NFP. The growth was supported by strong performance across all major solution lines, including Commercial Risk, Reinsurance, Health, and Wealth Solutions.

Operating Margin

In the third quarter of 2024, Aon PLC achieved an operating margin of 16.7%, with an adjusted operating margin of 24.6%. The improvement in adjusted operating margin was attributed to the company's focus on organic revenue growth and operational efficiencies. The results reflect the successful execution of Aon's strategic initiatives, including the Accelerating Aon United restructuring program.

Earnings Per Share

Aon PLC reported earnings per share (EPS) of $1.57 for the third quarter of 2024, a decrease from the prior year period. However, the adjusted EPS increased by 17% to $2.72, reflecting the company's strong operational performance and strategic acquisitions. The adjusted EPS growth was achieved despite an unfavorable impact from foreign currency translation.

Share Repurchase and Acquisitions

During the third quarter of 2024, Aon PLC repurchased 0.9 million class A ordinary shares for approximately $300 million. The company also completed six middle-market acquisitions across its Commercial Risk, Health, and Wealth segments. These strategic moves are part of Aon's ongoing efforts to enhance its market position and capitalize on growth opportunities in the middle market.

Cash Flow and Outlook

For the first nine months of 2024, Aon PLC reported cash flows from operations of $1,835 million and free cash flow of $1,672 million. Despite a decrease in cash flows compared to the prior year period, the company remains confident in its ability to deliver full-year results in line with its financial guidance. Aon's CEO, Greg Case, highlighted the success of the company's 3x3 Plan in driving better client solutions and positioning the company for continued growth.