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AON · Aon plc

50 filings

10-Q

AON 10-Q Quarterly Reports

Aon plc - 50 quarterly reports

Filing record · 2016–202610-K1210-Q328-K142

AON filed 12 annual reports (10-K), 32 quarterly reports (10-Q) and 142 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · May ’17May ’17
  2. Leadership change8-K · Jun ’19Jun ’19
  3. Material agreement8-K · Sep ’21Sep ’21
  4. Leadership change8-K · Aug ’25Aug ’25
  1. 2026-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2026

    Aon plc's second quarter 2026 results show a 2% increase in total revenue to $4.25 billion, driven by 5% organic revenue growth, partially offset by divestitures and foreign currency impacts. The Risk Capital segment continued its strong performance with a 5% revenue increase, while the Human Capital segment saw a 4% revenue decrease, primarily due to the prior year sale of the NFP Wealth business. Net income attributable to Aon shareholders decreased by 5% to $551 million, resulting in diluted EPS of $2.58, down from $2.66 in the prior year. However, on a year-to-date basis, net income increased by 14% and diluted EPS grew to $8.22 from $7.10, indicating a strong recovery and growth trajectory in the first half of the year. The company maintained its strong financial position, with operating income up 7% year-over-year, and demonstrated continued commitment to returning capital to shareholders through robust share repurchases and dividends. The company also highlighted the progress of its 'Accelerating Aon United Program,' which is on track to deliver significant annualized expense savings. Liquidity remains strong, supported by consistent operating cash flows and available credit facilities. Management remains focused on strategic initiatives aimed at driving long-term growth, enhancing client value, and improving operational efficiency.

    Jul 29, 2026
  2. 2026-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2026

    Aon plc reported strong financial results for the first quarter of 2026, with total revenue increasing by 6% to $5,034 million, driven by a 5% organic revenue growth and a 4% favorable foreign currency impact. Net income attributable to Aon shareholders surged by 26% to $1,212 million, and diluted earnings per share rose to $5.63 from $4.43 in the prior year period. The company's Risk Capital segment showed robust performance, with revenue up 10% and operating margin expanding to 39.5%. The Human Capital segment experienced a slight revenue decrease of less than 1%, but its operating margin improved to 28.8%. Significant improvements were noted in operating income, which increased by 26%, and cash flows from operating activities, which more than tripled to $430 million, primarily due to strong operating income growth and lower cash taxes.

    May 1, 2026
  3. 2025-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2025

    Aon plc reported a strong third quarter for 2025, with total revenue increasing by 7% to $4.0 billion, driven by robust organic revenue growth of 7% and a favorable foreign currency impact. Both the Risk Capital and Human Capital segments demonstrated significant growth, with Risk Capital revenue up 7% and Human Capital revenue up 8%. For the first nine months of the year, revenue surged 12% to $12.9 billion, largely due to the integration of NFP and continued organic growth. Net income attributable to Aon shareholders rose 32% to $458 million for the quarter, translating to diluted earnings per share of $2.11, up from $1.57 in the prior year. On a nine-month basis, net income attributable to Aon shareholders reached $2.0 billion, with diluted EPS at $9.21, a slight increase from $9.20 in the prior year. The company also reported strong cash flow generation, with free cash flow increasing 13% to $1.9 billion for the nine-month period, underscoring Aon's operational efficiency and financial health.

    Oct 31, 2025
  4. 2025-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2025

    Aon plc's (AON) second quarter 2025 results show a robust increase in revenue, driven by both organic growth and the significant contribution of the NFP acquisition. Total revenue rose 11% to $4.2 billion, with Risk Capital and Human Capital segments both posting solid gains. The company experienced a notable increase in operating expenses, largely due to integrating NFP and investments in long-term growth, but managed to improve its operating margin to 20.7% through cost efficiencies and organic growth. Diluted Earnings Per Share (EPS) saw a healthy increase to $2.66. Financially, Aon demonstrated strong operational cash flow, up 14% year-over-year for the first six months, leading to an increase in Free Cash Flow. The company maintained a strong liquidity position with ample credit facilities available. Shareholder returns were supported by continued share repurchases, with approximately $1.8 billion remaining under the current authorization, and dividend payments. Despite a challenging macroeconomic and geopolitical environment, Aon remains confident in its strategy and financial resilience.

    Jul 25, 2025
  5. 2025-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2025

    Aon plc reported solid revenue growth of 16% to $4.7 billion for the first quarter of 2025, driven by the integration of NFP, organic growth, and a slight unfavorable currency impact. While revenue increased significantly, net income attributable to Aon shareholders decreased by 10% to $965 million, or $4.43 per diluted share, compared to the prior year. This decline is primarily attributed to the full inclusion of NFP's operating expenses, increased amortization of intangible assets related to the NFP acquisition, and higher interest expenses related to debt financing. Despite the lower net income, the company maintained its adjusted diluted earnings per share at $5.67, demonstrating resilience in core operational performance. Operating expenses saw a substantial increase of 25% due to the NFP acquisition and associated integration costs, despite $40 million in net restructuring savings from the Accelerating Aon United program. Cash flows from operations also decreased significantly, impacting free cash flow. However, Aon continues to focus on its strategic priorities, including integrating NFP and executing its Accelerating Aon United program, while maintaining a strong liquidity position and returning capital to shareholders through its share repurchase program.

    Apr 25, 2025
  6. 2024-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2024

    Aon plc (AON) reported its third-quarter and year-to-date results for the period ending September 29, 2024. The company experienced a significant revenue increase of 26% year-over-year for the quarter, reaching $3.7 billion. This growth was driven by a combination of 7% organic revenue growth and the inclusion of revenue from the recently acquired NFP business. Despite the strong revenue performance, net income attributable to Aon shareholders decreased by 24% to $343 million for the quarter, resulting in diluted EPS of $1.57, down from $2.23 in the prior year period. This decline is largely attributed to higher operating expenses, including the ongoing operating costs and increased amortization related to the NFP acquisition, as well as restructuring charges from the Accelerating Aon United Program. For the nine-month period, net income attributable to shareholders also saw a decrease, with diluted EPS at $9.20 compared to $10.03 in the prior year. From a liquidity perspective, Aon generated $1.8 billion in operating cash flow for the first nine months of the year. The company also managed its debt by issuing new notes and drawing on a term loan facility to help finance the NFP acquisition, while also repurchasing shares and paying dividends. The significant acquisition of NFP is a key strategic move, expanding Aon's presence in the middle market, though it has impacted short-term profitability due to integration costs and amortization.

    Oct 25, 2024
  7. 2024-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2024

    Aon plc reported solid revenue growth in the second quarter and first half of 2024, driven significantly by the acquisition of NFP and strong organic growth across its solution lines. Total revenue for Q2 2024 rose 18% year-over-year to $3.8 billion, with organic revenue growth at 6%. For the first six months, revenue increased 11% to $7.8 billion, with 5% organic growth. Despite revenue increases, net income attributable to Aon shareholders declined in the second quarter to $524 million ($2.46 per diluted share) from $560 million ($2.71 per diluted share) in the prior year. This decrease was primarily due to higher operating expenses, including significant transaction and integration costs related to the NFP acquisition and charges from the Accelerating Aon United Program. The company continues to focus on its non-GAAP metrics, with adjusted diluted earnings per share showing a positive trend. Liquidity remains strong, supported by operating cash flows and available credit facilities.

    Jul 26, 2024
  8. 2024-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2024

    Aon plc reported solid financial results for the first quarter of 2024, demonstrating resilience and strategic progress. Total revenue increased by 5% to $4.1 billion, driven by a 5% organic revenue growth across its key segments: Commercial Risk Solutions, Reinsurance Solutions, Health Solutions, and Wealth Solutions. This growth reflects strong client retention, net new business, and effective renewal management. While operating income saw a slight decrease, largely due to increased Accelerating Aon United Program expenses and investments in long-term growth, the company's adjusted operating margin improved. Diluted earnings per share increased to $5.35, and the company maintained a strong focus on capital allocation, including significant share repurchases. Notably, the company announced the completion of its $9.1 billion acquisition of NFP post-quarter end, which is expected to enhance its capabilities, particularly in the middle market. Despite a decrease in cash flow from operations, primarily due to working capital changes and restructuring charges, Aon's liquidity remains strong, supported by operating cash flows and available credit facilities. The company's strategic initiatives, including the Accelerating Aon United Program, continue to aim for efficiency and operational streamlining, with significant cost savings expected to materialize.

    Apr 26, 2024
  9. 2023-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2023

    Aon plc reported strong financial performance for the third quarter and first nine months of 2023, driven by robust organic revenue growth across its key solution lines. Total revenue for the third quarter increased by 10% year-over-year to $3.0 billion, while net income attributable to shareholders rose to $456 million, resulting in diluted EPS of $2.23. For the nine-month period, total revenue reached $10.0 billion, up 7% from the prior year, with net income attributable to shareholders at $2.1 billion and diluted EPS of $10.03. The company also announced a significant restructuring program, "Accelerating Aon United," aimed at streamlining operations and realizing substantial cost savings, with an expected total cost of approximately $1 billion. Key drivers of revenue growth included strong retention, net new business generation, and favorable impacts from fiduciary investment income and foreign currency translation. While operating expenses increased to support growth and investments, operating margin improved year-over-year for both the quarter and the nine-month period, indicating enhanced operational efficiency. Aon continues to focus on its strategic priorities, including innovation and delivering value to clients, supported by solid free cash flow generation and a healthy liquidity position.

    Oct 27, 2023
  10. 2023-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2023

    Aon plc reported solid financial results for the second quarter and first six months of 2023. Total revenue increased by 7% and 6% respectively, driven by strong organic revenue growth across all segments, particularly Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. The company demonstrated improved operating margins, with a reported margin of 26.5% for Q2 2023, up from 23.5% in the prior year. Net income attributable to Aon shareholders also saw a healthy increase. Key financial metrics like adjusted operating margin and adjusted diluted earnings per share showed positive trends, reflecting the company's focus on core operating performance and efficiency. Despite a decrease in free cash flow for the first six months of 2023, primarily due to increased capital expenditures, Aon maintains a strong liquidity position with ample cash reserves and available credit facilities. The company continues its share repurchase program, underscoring its commitment to returning capital to shareholders.

    Jul 28, 2023
  11. 2023-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2023

    Aon plc's first quarter 2023 filing shows solid revenue growth, driven by strong organic performance across its Commercial Risk, Reinsurance, Health, and Wealth Solutions segments. The company reported an increase in total revenue to $3.9 billion, up 5% year-over-year, with a 7% organic revenue growth rate. Operating income saw a healthy rise to $1.5 billion, improving the operating margin to 38.1% from 37.2% in the prior year period, reflecting efficient expense management and organic growth. Net income attributable to Aon shareholders increased to $1.05 billion, or $5.07 per diluted share, compared to $1.02 billion, or $4.73 per diluted share, in the first quarter of 2022. While cash flow from operations saw a slight decrease to $443 million due primarily to higher tax payments, the company maintained a strong liquidity position with $1.1 billion in cash and cash equivalents. Aon also continued its capital return program, repurchasing $550 million in shares during the quarter, with approximately $5.5 billion remaining under its authorization.

    Apr 28, 2023
  12. 2022-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2022

    Aon plc's third quarter 2022 report shows a significant turnaround in profitability compared to the same period in the previous year. The company reported a net income attributable to Aon shareholders of $408 million, a substantial improvement from a net loss of $(900) million in Q3 2021. This rebound was driven by a considerable reduction in operating expenses, notably the absence of the significant "Termination Fee" and related transaction costs incurred in the prior year. Revenue remained relatively flat year-over-year, with organic revenue growth of 5% in the quarter, partially offset by foreign currency translation headwinds. For the first nine months of 2022, Aon demonstrated robust performance with net income attributable to shareholders reaching $1.9 billion, up from $392 million in the prior year period. This strong financial performance was supported by consistent organic revenue growth of 7% for the year-to-date period and effective expense management. The company also highlighted improvements in key non-GAAP metrics, including adjusted operating margin and adjusted diluted earnings per share, reinforcing the positive operational trends. Aon continues its significant share repurchase program, underscoring its commitment to returning capital to shareholders.

    Oct 28, 2022
  13. 2022-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2022

    Aon plc reported a solid second quarter and first half of 2022, demonstrating resilience in a dynamic economic environment. Total revenue saw a 3% increase in Q2 and a 4% increase for the first six months, primarily driven by strong organic revenue growth of 8% across both periods. This growth was fueled by robust retention and net new business generation across key solution lines, particularly Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. While foreign currency translation presented a headwind, the company's ability to generate organic growth highlights its strong market position and client relationships. Profitability improved, with operating income increasing by 4% in Q2 and 10% for the first six months. Diluted earnings per share rose significantly to $2.33 in Q2 and $7.07 for the first half, compared to $1.66 and $5.66 in the prior year, respectively. The company also continues its commitment to shareholder returns through active share repurchases, with approximately $7.9 billion remaining under its authorized program. Despite facing some cost pressures and a $58 million charge related to legal settlements, Aon's diversified business model and focus on innovation appear to be supporting its financial performance.

    Jul 29, 2022
  14. 2022-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2022

    Aon plc reported solid financial results for the first quarter of 2022, with total revenue increasing by 4% to $3.7 billion year-over-year. This growth was primarily driven by an 8% organic revenue increase across its key segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. Net income attributable to Aon shareholders rose to $1.023 billion, or $4.73 per diluted share, compared to $913 million, or $4.00 per diluted share, in the prior year period. The company demonstrated strong operational efficiency, with an operating margin of 37.2%, an improvement from 35.3% in Q1 2021, driven by organic revenue growth and effective expense management. Despite a decrease in cash provided by operating activities to $463 million, largely due to higher incentive compensation payments, Aon maintained robust liquidity with ample credit facilities and a strong balance sheet. The company also continued its capital return program, repurchasing approximately $828 million in shares during the quarter, reflecting confidence in its financial position and future prospects.

    Apr 29, 2022
  15. 2021-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2021

    Aon plc's third quarter and nine-month 2021 results show a significant shift from the prior year, primarily driven by a substantial one-time charge related to the termination of its proposed business combination with Willis Towers Watson (WTW). While total revenue saw an increase driven by organic growth across its solution lines, the reported net income and operating income were heavily impacted by the $1 billion termination fee and associated costs. Despite the negative impact on GAAP earnings, the company's non-GAAP adjusted operating margin remained strong, indicating resilience in its core operations. Organic revenue growth across Commercial Risk Solutions, Reinsurance Solutions, Health Solutions, and Wealth Solutions demonstrates continued client demand for Aon's services. Investors should note the significant increase in operating expenses due to the WTW termination, which overshadowed the revenue gains in reported figures. However, adjusted diluted earnings per share showed an improvement compared to the prior year, reflecting the company's focus on underlying profitability.

    Oct 29, 2021
  16. 2021-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2021

    Aon plc's Q2 2021 results show solid top-line growth, with total revenue increasing 16% year-over-year to $2.9 billion, driven by an 11% organic revenue growth. This growth was broad-based across its key segments, including Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data & Analytic Services. Despite revenue growth, net income attributable to Aon shareholders for the quarter decreased by 4% to $379 million, or $1.66 per diluted share, compared to the prior year. This was influenced by increased operating expenses, including costs related to the terminated combination with Willis Towers Watson (WTW) and a $1 billion regulatory termination fee paid in July 2021. For the first six months of 2021, however, net income attributable to shareholders increased by 10% to $1,292 million, or $5.66 per diluted share, demonstrating resilience over a longer period.

    Jul 30, 2021
  17. 2021-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2021

    Aon plc reported strong financial results for the first quarter of 2021, with total revenue increasing by 10% to $3.5 billion, driven by robust organic revenue growth of 6% and a positive foreign currency translation impact. Net income rose 18% to $933 million, leading to a diluted earnings per share of $4.00, up from $3.29 in the prior year period. The company also demonstrated significant improvement in cash flow from operations, which increased by 66% to $561 million, contributing to a substantial rise in free cash flow by 91% to $532 million. The company is continuing to advance its proposed business combination with Willis Towers Watson (WTW), which remains subject to regulatory approvals. Despite ongoing integration efforts and potential regulatory hurdles, Aon highlights its solid financial position and operational execution. Management is focused on delivering value through its core businesses and strategic initiatives, aiming to strengthen the firm's capabilities and efficiency.

    Apr 30, 2021
  18. 2020-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2020

    Aon plc's third quarter 2020 performance showed resilience with total revenue holding steady year-over-year, driven by organic growth across key segments like Reinsurance Solutions and Commercial Risk Solutions. While overall revenue remained flat, this stability is notable given the economic uncertainties stemming from the COVID-19 pandemic. The company demonstrated strong expense management, leading to an increase in operating margin and a significant rise in net income and diluted earnings per share from continuing operations. This improved profitability, combined with a substantial increase in free cash flow, highlights the company's ability to navigate challenging market conditions and deliver value to shareholders. The company also provided updates on its significant business combination agreement with Willis Towers Watson (WTW), which continues to progress towards an expected completion in the first half of 2021, having secured key regulatory approvals. Despite ongoing pandemic-related uncertainties, Aon maintained a strong liquidity position and resumed its share repurchase program in the third quarter, signaling confidence in its financial outlook.

    Oct 30, 2020
  19. 2020-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2020

    Aon plc's second-quarter 2020 results demonstrate resilience amidst global economic uncertainty. While total revenue saw a slight decline of 4% year-over-year, this was largely attributed to unfavorable foreign currency translation and a 1% organic revenue decline, primarily in more discretionary service areas impacted by COVID-19. Despite these top-line pressures, the company achieved a significant improvement in operating margin, both on a reported basis (increasing to 23.8% from 15.8%) and on an adjusted basis (to 26.8% from 24.4%). This margin expansion was driven by substantial cost management initiatives, including reduced restructuring charges, favorable foreign currency impacts, and temporary reductions in discretionary spending. Net income from continuing operations rose by a notable 43% to $410 million, leading to a 47% increase in diluted earnings per share from continuing operations to $1.70. The company also reported strong operating cash flow of $1.2 billion for the first six months of 2020, an increase of 238% year-over-year, underscoring effective working capital management. Aon continues to advance its strategic combination with Willis Towers Watson, having satisfied the CFIUS review, with shareholder meetings scheduled for August 2020.

    Jul 31, 2020
  20. 2020-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2020

    Aon's first quarter 2020 10-Q shows revenue up 2% to $3.2 billion (5% organic growth, offset by 2% currency and 1% divestiture/acquisition effects), with operating income up 18% to $1,033 million and operating margin rising to 32.1% from 27.7%. Diluted EPS from continuing operations was $3.29 versus $2.70, and adjusted diluted EPS was $3.68 versus $3.31. Growth was led by Reinsurance Solutions (+8%, 9% organic) and Health Solutions, while Retirement Solutions and Data & Analytic Services were pressured by COVID-19, which management says began to hit discretionary revenue in late March and is expected to worsen into the second quarter. Cash flow improved sharply, with operating cash flow of $338 million (vs. $74 million) and free cash flow of $279 million, though this was helped by working-capital actions taken to preserve liquidity. Management suspended share repurchases, cut discretionary spending, and temporarily reduced executive and director pay. Total debt rose to $8.1 billion, with commercial paper up to $833 million and $400 million of notes due March 2021 reclassified as current. Liquidity remains supported by $1.65 billion of undrawn committed credit facilities, and the company stated it expects to meet its cash needs. The filing also covers the April 1, 2020 Ireland Reorganization, which moved the parent to Aon plc (Irish), and the pending all-stock combination with Willis Towers Watson (1.08 Aon shares per WTW share), expected to close in the first half of 2021. Investors should weigh the strong underlying operating performance against near-term COVID-19 revenue pressure, the $1 billion WTW termination fee exposure, deal-related costs of $18 million in the quarter, and a Fitch Rating Watch Negative on the BBB+ rating.

    May 1, 2020
  21. 2019-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2019

    Aon plc's third-quarter 2019 10-Q shows a business that is growing faster and earning more, with operating margin expanding sharply as restructuring winds down. Q3 2019 total revenue rose 1% to $2,379 million, but organic revenue growth was 5%, with currency (-2%) and divestitures (-2%) as the drags. Nine-month organic growth accelerated to 6% from 4% a year earlier, led by Reinsurance Solutions (9% organic) and Commercial Risk Solutions (6%). Operating income for the nine months rose 57% to $1,645 million, and operating margin reached 20.2% versus 13.1%. Diluted EPS from continuing operations was $0.93 for Q3 and $4.79 for the nine months, versus $0.61 and $3.17 a year earlier. Adjusted diluted EPS was $1.45 for Q3 and $6.64 year to date, per the company's non-GAAP reconciliation. Net income from continuing operations rose 48% in Q3 and 46% for the nine months. Cash generation and capital returns were strong. Operating cash flow was $1,163 million for the nine months, up 19%, and free cash flow (operating cash flow less capex, a non-GAAP measure) was $996 million, up 25%. Aon repurchased $1.5 billion of shares year to date and paid $307 million in dividends, funded partly by $750 million of new 3.75% notes due 2029. Total debt rose to $7.3 billion, and $600 million of 5.00% notes due September 2020 moved into current liabilities. Liquidity remains solid, with $602 million in cash, $900 million and $400 million committed credit facilities (the latter extended to 2023), and no borrowings outstanding under them. Risks remain. The restructuring plan carries cumulative charges of about $1.35 billion, with $1.26 billion incurred to date and 5,353 roles eliminated. Legal exposure includes the Gleeds pension claim (about $86 million), the Christchurch Council claim (about $333 million), and the Pilkington tornado suit ($45-85 million). An EU antitrust investigation into aviation broking is ongoing, and Aon cannot estimate its impact. Interest expense rose 9% on higher debt, and the effective tax rate was 16.6% for the nine months, against 1.1% a year earlier.

    Oct 25, 2019
  22. 2019-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2019

    Aon plc's second-quarter 2019 Form 10-Q shows a company with solid top-line momentum and a sharp improvement in profitability versus the prior year, which was depressed by a $176 million impairment on assets held for sale and heavy legacy litigation and restructuring charges. Total revenue rose 2% to $2.606 billion in Q2 2019 (6% organic growth, offset by a 3% currency headwind and a 1% divestiture drag), and six-month revenue reached $5.749 billion, up 2%. Reported operating income was $413 million (15.8% margin) versus a loss in Q2 2018, and diluted EPS from continuing operations was $1.14 versus $0.19. On the company's non-GAAP basis, adjusted operating margin expanded to 24.4% from 22.0% and adjusted diluted EPS rose to $1.87 from $1.71. Organic growth was broad, with Reinsurance Solutions (12% organic) and Commercial Risk Solutions (6%) leading. Cash generation and balance sheet items warrant closer attention. Operating cash flow for the first half fell $52 million to $361 million, reflecting roughly $85 million of legacy litigation payments in Q1, and free cash flow declined 16% to $255 million. Total debt rose about $1.3 billion to $7.6 billion, partly to fund share repurchases of $1.15 billion in the first half, and commercial paper outstanding climbed to $843 million. Management retains $2.8 billion of remaining repurchase authorization and ratings remain investment grade (S&P A-, Moody's Baa2, Fitch BBB+), all with stable outlooks. The restructuring program remains significant, with cumulative charges of $1.2 billion incurred against an estimated $1.35 billion total, 5,091 positions eliminated, and an expanded plan adding about $125 million of charges in 2019. The company also disclosed material legal exposures, most notably a pending UK pension-related claim (about $89 million) and a New Zealand arbitration claim of about $353 million, and noted that the European Commission has taken over an antitrust investigation in aviation broking where Aon cannot estimate the impact.

    Jul 26, 2019
  23. 2019-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2019

    Aon plc's first quarter 2019 10-Q shows steady top-line momentum and meaningful margin expansion, though cash generation weakened sharply. Total revenue rose 2% to $3.14 billion, but that headline understates the underlying business: organic revenue growth was 6% (versus 3% a year earlier), while a 4% unfavorable currency translation effect offset much of the reported gain. Growth was broad-based, led by Reinsurance Solutions (+9% organic) and Commercial Risk Solutions (+6% organic), with Health Solutions and Data & Analytic Services each up 5%. Operating income rose 9% to $872 million, and operating margin expanded to 27.7% from 25.9%. Adjusted operating margin, which excludes amortization and restructuring costs, improved to 33.7% from 31.8%. Net income from continuing operations increased 12% to $676 million, and diluted EPS from continuing operations was $2.70, up from $2.35. Adjusted diluted EPS was $3.31 versus $2.97. The weak point is cash flow. Operating cash flow fell 47% to $74 million, and free cash flow dropped 82% to $17 million. Management attributed the decline to roughly $85 million of legacy litigation payments and $15 million of incremental restructuring cash costs, along with working capital timing. Investors should note that these are partly one-time in nature, but the quarter's cash conversion is clearly below the prior year. Balance sheet changes are also notable: total assets rose to $29.1 billion, largely reflecting fiduciary balances and the first-time recognition of $1.1 billion of operating lease right-of-use assets under the new leasing standard, which also lifted liabilities. Total debt rose to about $6.4 billion, and the company continued repurchasing shares, buying back $100 million of stock while paying $96 million in dividends. Restructuring remains a significant ongoing program, with cumulative costs of $1.07 billion incurred against an estimated total of $1.225 billion, and 4,491 positions eliminated to date. The main risks flagged are the unresolved legal exposures, including the Christchurch City Council arbitration claim of about $365 million and the Pilkington property claim of $45 million to $85 million, along with the European Commission's antitrust investigation into aviation broking. Management stated these are not expected to have a material adverse effect, but the company acknowledged they could affect results in a given period. Overall, the quarter supports the company's operating improvement story, while the cash flow decline and litigation overhang are the key items to monitor.

    Apr 26, 2019
  24. 2018-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2018

    Aon plc's Q3 2018 10-Q shows a quarter that was roughly flat on the top line but significantly weaker on reported earnings, with the nine-month picture distorted by the 2017 divestiture of its benefits administration business to Blackstone. Third-quarter revenue rose slightly to $2.35 billion (up $9 million), with 6% organic growth offset by a 6% headwind from the new ASC 606 revenue recognition standard and a 2% currency drag. Net income attributable to Aon shareholders fell to $147 million, or $0.60 per diluted share, from $185 million, and GAAP diluted EPS from continuing operations was $0.61 versus $0.73. Management's non-GAAP adjusted diluted EPS from continuing operations was $1.31 versus $1.29, and adjusted operating margin contracted to 18.5% from 20.0%, which management attributes partly to the ASC 606 timing shift and to restructuring and legacy litigation items. Year-to-date results look much stronger on a reported basis, but the comparison is inflated by the prior year's large discontinued operations gain and tax benefits. Nine-month revenue grew 13% to $8.0 billion, including roughly 3 points from ASC 606 and 4 points from acquisitions, and GAAP diluted EPS from continuing operations rose to $3.17 from $1.48. Free cash flow was $796 million for the nine months, up from $164 million, driven by the absence of the prior-year $686 million cash tax payments tied to the divestiture. Restructuring is ongoing, with $863 million incurred to date against an estimated $1,025 million total and 3,798 positions eliminated, and management expects roughly $450 million of annualized savings by end-2019. The balance sheet shows tighter liquidity and higher leverage. Cash and short-term investments fell to $651 million from $1,285 million, while commercial paper of $740 million was issued during the period, pushing total debt to $6.4 billion. Shareholder returns continued, with $1.27 billion spent on buybacks year-to-date and $4.2 billion remaining on the authorization. Legal exposure remains a watch item, particularly the Opry Mills, Lyttelton Port, and Christchurch City Council claims, which together seek well over $600 million, though management believes it has meritorious defenses and the reasonably possible additional loss is stated as $0 to $0.2 billion.

    Oct 26, 2018
  25. 2018-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2018

    Aon plc's Q2 2018 10-Q shows a quarter that is distorted by accounting changes and one-time charges, so reported figures should be read alongside the company's adjusted metrics. Revenue rose 8% to $2.56 billion, with 5% organic growth, 3% from acquisitions net of divestitures, and 2% from favorable currency. Reported operating income was a $16 million loss, pulled down by a $176 million non-cash impairment on assets and liabilities held for sale, $103 million of legacy litigation expense (the Opry Mills matter), and $195 million of restructuring charges. Net income attributable to Aon shareholders fell to $48 million ($0.19 diluted EPS) from $769 million a year earlier, which included a large gain on the Divested Business sale. Management's adjusted metrics tell a steadier story: adjusted operating margin was 22.0%, flat year over year, and adjusted diluted EPS was $1.71 versus $1.45. For the six months, the new revenue recognition standard (ASC 606) is the dominant factor. It added roughly $902 million to reported revenue growth and about $259 million to net income from continuing operations ($1.05 per share), so year-over-year comparisons are not like-for-like. Organic growth was a more modest 4%, and operating cash flow was $413 million, down $23 million. Free cash flow fell 15% to $302 million, and management cited higher restructuring cash payments as the driver. The balance sheet shows total debt of about $6.5 billion, with $798 million of commercial paper now outstanding, and share repurchases of $971 million in the half. Cash and short-term investments fell to $660 million at quarter end, which is a tighter cash position than at year end. Key risks for investors include the ongoing restructuring program (3,337 roles eliminated to date, with an estimated 4,200–4,800 eliminations planned through 2019 and total costs of about $1.025 billion). They also include several large pending legal claims, most notably the New Zealand Christchurch matters totaling roughly $488 million and the Gleeds pension claim, along with antitrust investigations in aviation broking and UK regulatory reviews of investment consulting and wholesale insurance broking. Most matters are described by management as meritorious and vigorously defended, but the filing does not provide an estimate of the ultimate outcome for the antitrust investigations.

    Jul 27, 2018
  26. 2018-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2018

    Aon plc's first-quarter 2018 10-Q shows headline revenue growth driven largely by a one-time accounting change. Total revenue rose 30% to $3.09 billion, but management attributes 17 percentage points of that to the adoption of ASC 606 (revenue recognition), which was applied prospectively without restating prior periods. Organic revenue growth was a more modest 3%, with acquisitions adding 5% and favorable currency adding 5%. Reported operating margin jumped to 25.9% from 14.1%, and management cites an 860 basis point boost from the accounting change. Investors should treat the timing benefit as non-recurring in nature, since it reflects earlier recognition of brokerage revenue rather than new economic activity. Profitability improved sharply. Net income attributable to Aon shareholders more than doubled to $594 million, and diluted EPS from continuing operations was $2.35 versus $0.94. Management's non-GAAP adjusted diluted EPS was $2.97 versus $1.45, though the adjusted figure excludes restructuring costs, accelerated tradename amortization, and the ASC 606 effect is embedded in both periods' comparisons. Note that ASC 606 added roughly $265 million, or $1.06 per share, to Q1 2018 net income from continuing operations. Excluding that effect, the underlying earnings picture is considerably weaker than headline numbers suggest. Cash generation and balance sheet items warrant attention. Operating cash flow from continuing operations fell 23% to $140 million, and free cash flow declined 36% to $95 million, driven by higher restructuring cash payments. Aon repurchased $553 million of shares and paid $89 million in dividends, funded in part by $808 million of debt issuance and $704 million of repayments. Total debt was $6.1 billion, and the company maintained its A-/Baa2/BBB+ ratings with stable outlooks. The ongoing restructuring plan, targeting roughly $1.025 billion in total costs and about $450 million in annualized savings by end-2019, and pending legal matters including the Opry Mills, Lyttelton Port and Christchurch City Council claims, represent key items to monitor.

    May 4, 2018
  27. 2017-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2017

    Aon plc's Q3 2017 10-Q shows a quarter where reported results were weighed down by restructuring and non-cash charges, while underlying performance was steadier. Total revenue rose 6% to $2.34 billion (organic growth 2%, acquisitions +3%, FX +1%), and nine-month revenue rose 5% to $7.09 billion with 3% organic growth. Reported operating income fell 28% in the quarter to $265 million, and the operating margin dropped to 11.3% from 16.7%. Aon attributes this mainly to $102 million of restructuring costs and $54 million of accelerated tradename amortization. Management's adjusted operating margin rose to 20.3% from 18.6%, and adjusted diluted EPS was $1.29 versus $1.09 a year earlier. Reported diluted EPS from continuing operations was $0.73, down from $1.03. The Divested Business (benefits administration and BPO, sold to Blackstone-affiliated Tempo Acquisition on May 1, 2017) drives the balance sheet and cash flow story. The sale produced a $803 million after-tax gain for the nine months and $4.2 billion of cash proceeds. Cash and short-term investments rose to $2.39 billion. Aon repurchased $1.9 billion of shares in the nine months and reduced total debt to about $6.0 billion. Reported net income for the nine months was $1.245 billion, but that figure is inflated by discontinued operations, and continuing-operations income fell 52% to $418 million. Operating cash flow from continuing operations fell 75% to $289 million, reflecting cash taxes tied to the sale and $199 million of restructuring payments. Free cash flow fell 84% to $164 million. The main risks flagged are a $750 million restructuring plan (2,400 to 2,850 role eliminations, about $400 million of targeted annual savings by 2019), ongoing regulatory matters (an EU/UK aviation antitrust probe and a UK CMA investment consulting review), large pending litigation (Opry Mills, the Lyttelton and Christchurch New Zealand claims, and the Gleeds pension claim), and a dependence on the Divested Business for ongoing commercial arrangements. The company also faces up to $500 million of deferred consideration that is not assured.

    Oct 27, 2017
  28. 2017-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2017

    Aon plc's second-quarter 2017 10-Q shows a headline GAAP loss from continuing operations, driven by non-cash and one-time items rather than a deterioration in the core business. Q2 2017 total revenue rose 4% to $2.37 billion, with 3% organic growth. Operating income swung to a $118 million loss, mainly because of a $380 million tradename impairment tied to the divested benefits administration and BPO business, $155 million of restructuring costs, $35 million of accelerated tradename amortization, and $34 million of regulatory and compliance costs. Net loss from continuing operations was $43 million, but net income attributable to Aon shareholders was $769 million, or $2.93 per diluted share, because of an $798 million after-tax gain on the sale of that business to Blackstone affiliates. Management's non-GAAP view is more favorable. Adjusted operating margin was 22.4% in Q2 2017 versus 21.3% a year earlier, and adjusted diluted EPS from continuing operations was $1.45 versus $1.28. Six-month organic growth was 4%, and Health Solutions (+9% organic) and Reinsurance Solutions (+4%) were the strongest lines. Commercial Risk Solutions grew 2% organically. Free cash flow fell 28% to $354 million, driven by $94 million of restructuring payments and $44 million of transaction costs. The balance sheet changed materially. Cash and short-term investments rose to $3.43 billion after receipt of roughly $4.2 billion in net sale proceeds, and Aon repurchased $1.1 billion of stock in the first half, leaving $6.7 billion of authorization. Total debt was about $5.9 billion, and the company reported a 2.6x debt-to-EBITDA ratio. The restructuring plan targets about $750 million of total costs, 2,400 to 2,850 role eliminations, and roughly $400 million of annualized savings by 2019. Investors should also note pending regulatory matters (an FCA aviation broking investigation and internal reviews at Aon UK) and several large litigation claims.

    Aug 4, 2017
  29. 2017-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2017

    Aon plc's first-quarter 2017 10-Q shows continuing-operations revenue up 5% to $2.38 billion, driven by 4% organic growth, with Health Solutions (+14% organic) the standout. Reported operating margin fell to 14.4% from 18.5%, but this reflects $144 million of restructuring charges and accelerated amortization. On an adjusted basis (excluding restructuring and intangible amortization), operating margin rose to 22.3% from 20.1%, and adjusted diluted EPS from continuing operations was $1.45 versus $1.21. GAAP diluted EPS was $1.09 versus $1.19, and GAAP income from continuing operations fell 15% to $265 million. The quarter's effective tax rate of 0.1% (versus 15.9% a year earlier) was unusually low and flatters GAAP net income. The most significant event is the sale of the benefits administration and BPO business to Blackstone-affiliated Tempo Acquisition, LLC, which closed on May 1, 2017 for $4.3 billion in cash plus up to $500 million of deferred consideration. Management expects a roughly $500 million after-tax gain and a roughly $400 million non-cash impairment of a tradename not included in the sale. The divested business accounted for 19% of 2016 gross revenue, so Aon's remaining business is materially smaller, and the company is pursuing a three-year restructuring program with about $750 million of cumulative costs and roughly $400 million of targeted annualized savings by 2019. The restructuring has already eliminated 1,065 positions. Balance-sheet and cash-flow picture: total debt was $6.3 billion, with a debt-to-EBITDA ratio of 2.7x. Operating cash flow from continuing operations rose 26% to $182 million and free cash flow rose 38% to $148 million. Management also repurchased $126 million of shares in the quarter and has $7.7 billion remaining under its authorization. Investors should note that the quarter's results are a pre-divestiture baseline, so the post-closing earnings profile, the size of the one-time gain and impairment, and the execution of the restructuring will drive the investment case.

    May 9, 2017
  30. 2016-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2016

    Aon plc's third-quarter 2016 results demonstrate resilience amidst ongoing market headwinds, including a negative impact in Reinsurance and challenging macroeconomic conditions globally. Total revenue remained relatively stable, increasing slightly to $2.7 billion, driven by a 4% organic revenue growth, which was offset by unfavorable foreign currency movements and divestitures. Profitability showed improvement, with net income attributable to Aon shareholders rising 4% to $307 million for the quarter. This was supported by effective cost management, including favorable foreign currency impacts and decreased expenses related to divestitures, despite increased investments to support organic growth and higher errors and omissions expenses. The company also reported strong cash flow generation, with operating cash flow increasing by 14% year-over-year, underscoring its financial stability and ability to fund strategic initiatives, such as the announced acquisition of Stroz Friedberg.

    Oct 28, 2016
  31. 2016-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2016

    Aon plc reported solid financial results for the period ending June 30, 2016. Revenue for the second quarter decreased slightly by 1% to $2.8 billion, impacted by unfavorable foreign currency exchange rates and divestitures, but was partially offset by a 3% organic revenue growth. For the six-month period, revenue decreased 2% to $5.6 billion, also affected by currency headwinds and divestitures, but supported by 3% organic growth. Net income attributable to Aon shareholders saw a significant increase, rising 53% to $272 million for the second quarter and 16% to $587 million for the six-month period. This improvement was driven by lower operating expenses, including a notable decrease related to legacy litigation settlements and favorable foreign currency impacts, alongside continued organic growth. The company also demonstrated strong free cash flow generation, increasing 51% to $660 million for the first six months of the year, reflecting improved operating cash flows and reduced capital expenditures.

    Jul 29, 2016
  32. 2016-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2016

    Aon plc reported total revenue of $2.79 billion for the three months ended March 31, 2016, a slight decrease of 2% compared to the same period in the prior year. This decline was primarily attributed to unfavorable foreign currency exchange rates and net divestitures, though partially offset by a 3% organic revenue growth. Net income attributable to Aon shareholders was $315 million, or $1.15 per diluted share, down 4% from $328 million ($1.14 per diluted share) in the first quarter of 2015. Despite the revenue dip, operating income saw a modest increase to $450 million from $441 million, leading to an improved operating margin of 16.1% compared to 15.5% in the prior year, driven by expense discipline and organic growth. The company continued its robust share repurchase program, repurchasing approximately $750 million of its shares in the quarter.

    Apr 29, 2016
  33. 2015-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2015

    Aon plc's third-quarter 2015 report (filed October 29, 2015) reveals a mixed financial performance, with revenues experiencing a year-over-year decline primarily due to unfavorable foreign currency exchange rates, despite underlying organic growth. While operating expenses also decreased due to currency impacts and cost management, net income attributable to Aon shareholders saw a decline for both the quarter and the nine-month period. The company continued its active share repurchase program, demonstrating a commitment to returning capital to shareholders. Despite revenue headwinds and a decrease in net income, Aon reported positive cash flow from operations and an increase in free cash flow, indicating solid operational liquidity. The company is actively managing its risks through derivative instruments and maintains a strong liquidity position through operational cash flows and available credit facilities.

    Oct 30, 2015
  34. 2015-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2015

    Aon plc's second-quarter 2015 results show a notable decline in net income attributable to shareholders, down 41% year-over-year to $178 million, primarily driven by a significant increase in operating expenses, notably $176 million related to legacy litigation. Despite these pressures, the company demonstrated resilience with organic revenue growth of 2% in both its Risk Solutions and HR Solutions segments. Foreign currency headwinds were a material factor, impacting revenue negatively by 7% overall. Management highlighted their focus on non-GAAP metrics like adjusted diluted earnings per share, which increased to $1.31 from $1.25 in the prior year's quarter, and free cash flow, which grew to $223 million. Shareholder returns were supported by share repurchases totaling $300 million and a 20% increase in the quarterly dividend to $0.30 per share.

    Jul 31, 2015
  35. 2015-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2015

    Aon plc's first quarter 2015 results showed a slight increase in net income attributable to shareholders, reaching $328 million compared to $325 million in the prior year quarter. While total revenue saw a 3% decrease to $2.8 billion, largely due to a 7% unfavorable impact from foreign currency exchange rates, the company achieved a 3% organic revenue growth. Operating expenses also decreased by 3%, primarily driven by favorable foreign currency impacts. The company's Risk Solutions segment experienced revenue decline due to foreign currency headwinds, while HR Solutions showed solid growth. Management highlighted an increase in adjusted diluted earnings per share to $1.37 and an improvement in operating cash flow to $136 million, signaling operational improvements despite currency challenges. The company continued its significant share repurchase program, buying back $250 million in shares during the quarter, underscoring its commitment to returning capital to shareholders. Despite a decrease in consolidated operating margin, adjusted operating margins for both segments remained strong, with HR Solutions showing an improvement. Aon emphasized its liquidity position, with adequate cash flow from operations and available credit facilities to meet its obligations, including debt servicing, capital expenditures, and shareholder returns.

    May 1, 2015
  36. 2014-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2014

    Aon plc's third quarter 2014 report shows a solid performance with revenue increasing by 3% year-over-year, primarily driven by organic growth across both its Risk Solutions and HR Solutions segments. The company reported an increase in net income attributable to Aon shareholders, up 21% in the quarter and 24% year-to-date, reflecting strong operational execution and benefits from cost-saving initiatives. While operating expenses saw a slight increase primarily due to investments in future growth and unfavorable foreign currency impacts, operating margin improved, indicating effective cost management. The company continued its aggressive share repurchase program, returning significant capital to shareholders. Despite some headwinds such as foreign currency fluctuations and economic weakness in certain regions, Aon's management expressed confidence in the company's liquidity and financial flexibility to create long-term shareholder value, supported by strong cash flow from operations and available credit facilities.

    Oct 31, 2014
  37. 2014-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2014

    Aon plc (AON) reported a solid second quarter and first six months of 2014, demonstrating growth in revenue and net income attributable to shareholders compared to the prior year periods. Total revenue saw a modest increase, driven by organic growth in both the Risk Solutions and HR Solutions segments. The company effectively managed operating expenses, leading to an improvement in operating margins. Net income attributable to Aon shareholders significantly increased, reflecting improved profitability and efficient cost management. Despite some headwinds such as foreign currency impacts and economic weakness in certain regions, Aon's financial performance indicates resilience and continued strategic execution.

    Jul 25, 2014
  38. 2014-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2014

    Aon plc's first-quarter 2014 results show a modest increase in total revenue to $2.9 billion, a 1% rise driven by organic growth across both its Risk Solutions and HR Solutions segments. Despite facing headwinds such as economic weakness in Europe and price compression in benefits administration, the company demonstrated improved profitability. Operating income increased by 13% to $469 million, and net income attributable to Aon shareholders grew by 25% to $325 million, or $1.06 per diluted share, compared to the prior year quarter. The company's focus on key non-GAAP metrics like organic revenue growth and adjusted operating margin remained a priority. Organic revenue grew by 2%, with the Risk Solutions segment showing solid growth in retail brokerage and reinsurance, while HR Solutions saw contributions from consulting and outsourcing services. Significant share repurchases totaling $600 million in the quarter reflect a strong commitment to returning capital to shareholders, though this also contributed to a decrease in operating cash flow to a negative $11 million for the period.

    Apr 25, 2014
  39. 2013-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2013

    Aon plc's third quarter 2013 report shows modest revenue growth driven by both its Risk Solutions and HR Solutions segments. The company reported an increase in net income attributable to Aon shareholders, reaching $256 million for the quarter, up from $204 million in the prior year period. This growth was supported by a 3% organic revenue increase and disciplined expense management, although operating expenses did rise slightly due to various factors including acquisitions and restructuring costs. The company also highlighted strong free cash flow generation, which increased significantly year-over-year, providing flexibility for strategic initiatives such as share repurchases and dividends. Management emphasized continued focus on key metrics like organic growth, margin expansion, EPS growth, and free cash flow. Despite headwinds such as economic weakness in Europe and price compression in certain HR Solutions businesses, Aon demonstrated resilience. The company also provided updates on its ongoing restructuring initiatives, which are progressing as planned and expected to deliver significant annual savings. Overall, the report indicates a company navigating economic challenges while executing on its strategic priorities and returning capital to shareholders.

    Oct 25, 2013
  40. 2013-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2013

    Aon plc's Q2 2013 10-Q filing reveals a 3% increase in total revenue to $2.9 billion, driven by organic growth in both Risk Solutions (3%) and HR Solutions (2%). While net income attributable to Aon shareholders saw a slight decrease of 2% to $241 million for the quarter, year-to-date net income increased by 4% to $502 million. The company highlighted strong cash flow from operations, which increased by 44% year-over-year to $387 million for the first six months. Significant restructuring charges related to the Aon Hewitt plan continued, with the company finalizing additional actions and expecting cumulative costs of $411 million. Despite some headwinds like economic weakness in Europe and pricing pressures in benefits administration, Aon maintained a robust balance sheet and financial flexibility, with substantial capacity for share repurchases and debt management.

    Jul 26, 2013
  41. 2013-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2013

    Aon plc (AON) reported a solid first quarter for 2013, with revenue increasing by 3% to $2.9 billion, driven by 2% organic growth. Net income attributable to Aon shareholders rose by 10% to $261 million, resulting in diluted EPS of $0.82, up from $0.71 in the prior year quarter. The company also showed a significant improvement in operating cash flow, which swung from a $15 million use in Q1 2012 to $54 million in provided cash in Q1 2013. Key drivers for the performance include continued organic revenue growth in both the Risk Solutions and HR Solutions segments. The company also benefited from ongoing restructuring initiatives aimed at streamlining operations and achieving cost savings. Aon repurchased $300 million of its shares during the quarter under its expanded share repurchase program, signaling confidence in its financial position and commitment to returning value to shareholders. Despite some headwinds such as economic weakness in continental Europe and price compression in certain HR Solutions businesses, Aon's management remains focused on its strategic priorities of organic growth, margin expansion, and earnings per share growth.

    May 1, 2013
  42. 2012-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2012

    Aon plc's (AON) third-quarter 2012 results show modest revenue growth and improved profitability, driven by solid organic growth in both the Risk Solutions and HR Solutions segments. The company reported a 1% increase in revenue to $2.74 billion, with organic revenue growth of 4%. Net income attributable to Aon shareholders rose slightly to $204 million, or $0.62 per diluted share, up from $198 million, or $0.59 per diluted share, in the prior year quarter. The company also highlighted progress in its restructuring initiatives and a successful redomestication to London, which is expected to yield long-term strategic benefits and optimize its tax rate. The company's liquidity remains strong, supported by cash flow from operations and available credit facilities. Aon continued its share repurchase program, returning capital to shareholders. While facing headwinds such as economic weakness in continental Europe and price compression in certain HR Solutions businesses, Aon's management remains focused on organic growth, margin expansion, and increasing earnings per share.

    Oct 31, 2012
  43. 2012-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2012

    Aon plc's Q2 2012 10-Q filing reveals a period of stabilization with modest revenue growth, primarily driven by organic increases in both Risk Solutions and HR Solutions segments. While overall revenue remained relatively flat year-over-year for the quarter, the company saw a 4% organic revenue growth, indicating underlying business strength. However, net income attributable to Aon shareholders declined slightly compared to the prior year, impacted by increased intangible asset amortization and investments in new growth opportunities, particularly within the HR Solutions segment concerning healthcare exchanges and HR BPO services. The company successfully completed its Redomestication to Aon plc as the parent company, which is expected to enhance capital access and presence in the London market. Despite some headwinds from economic weakness in Europe and specific sector challenges, Aon is focusing on its strategic priorities of organic growth, margin expansion, and earnings per share growth. The company maintains a solid liquidity position and is committed to returning capital to shareholders through share repurchases and dividends.

    Aug 8, 2012
  44. 2012-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2012

    Aon plc's first-quarter 2012 results show a slight increase in revenue, driven by organic growth in both its Risk Solutions and HR Solutions segments. Despite this revenue growth, net income attributable to Aon stockholders saw a modest decrease compared to the prior year quarter, primarily impacted by higher intangible asset amortization, restructuring costs, and unfavorable foreign exchange rates. The company successfully completed a significant redomestication to Aon plc as the parent company on April 2, 2012, which is expected to yield long-term benefits, though it also involved associated transaction costs. Management highlights a focus on organic revenue growth, margin expansion, and increased earnings per share. While adjusted diluted EPS from continuing operations was slightly down year-over-year, organic revenue growth improved. The company is actively managing its restructuring initiatives, with the Aon Hewitt plan progressing and nearing completion, contributing to anticipated future cost savings. Liquidity remains strong, supported by operating cash flows and available credit facilities, allowing for continued capital allocation towards share repurchases and dividends.

    May 8, 2012
  45. 2011-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2011

    Aon plc (AON) reported solid results for the nine months ended September 30, 2011, with total revenue increasing significantly to $8.3 billion, largely driven by the acquisition of Hewitt Associates, Inc. The company navigated a challenging global economic environment characterized by pricing pressures and decreased economic growth drivers. Despite these headwinds, Aon demonstrated resilience, with organic revenue growth improving compared to the prior year's period. The company also continued its strategic restructuring initiatives, aiming for enhanced operational efficiency and cost savings. Net income attributable to Aon stockholders for the nine months ended September 30, 2011, was $702 million, a substantial increase from $491 million in the prior year. This growth reflects the successful integration of Hewitt and improved operational performance. Aon also actively managed its capital structure, repurchasing shares and managing its debt levels. The company maintained a strong liquidity position, supported by cash flow from operations and available credit facilities, positioning it to meet its financial obligations and pursue strategic growth opportunities.

    Nov 4, 2011
  46. 2011-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2011

    Aon plc (AON) reported solid financial results for the period ending June 30, 2011, showcasing significant revenue growth driven by strategic acquisitions, most notably Hewitt Associates. While facing a challenging global economic environment with pricing pressures, the company demonstrated resilience through a 1% organic revenue growth in both its Risk Solutions and HR Solutions segments. Net income from continuing operations attributable to Aon stockholders saw a substantial increase, reflecting improved profitability and effective cost management initiatives. The company's financial position remains strong, supported by robust operating cash flows. Aon has actively managed its debt structure, including refinancing efforts, and continued its share repurchase program. Despite ongoing restructuring charges related to the Hewitt integration, the company is focused on its key metrics of organic growth, margin expansion, and earnings per share, positioning itself for continued value creation for its shareholders.

    Aug 4, 2011
  47. 2011-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2011

    Aon plc's first quarter 2011 report shows a significant increase in total revenue, largely driven by the acquisition of Hewitt Associates in the prior year. While overall revenue grew by 45% to $2.8 billion, organic revenue growth was a more modest 2%. The company is focused on three key metrics: organic growth, margin expansion, and earnings per share. Despite revenue growth, adjusted operating margins saw a decline across segments due to higher intangible asset amortization and unfavorable foreign exchange rates. Adjusted diluted earnings per share from continuing operations also slightly decreased year-over-year. The company is actively managing restructuring costs related to the Hewitt integration and previous acquisitions, with substantial savings expected to be realized by 2013. Liquidity remains strong, supported by operating cash flow and available credit facilities.

    May 5, 2011
  48. 2010-Q3

    Aon plc Quarterly Report for Q3 Ended Sep 30, 2010

    Aon plc's (AON) third quarter and nine-month report for 2010 highlights a period of mixed results, significantly impacted by the impending acquisition of Hewitt Associates, Inc. While overall revenue remained relatively flat for the quarter, it saw a modest 1% increase year-to-date, largely driven by contributions from acquisitions and growth in the Consulting segment, partially offset by declines in the Risk and Insurance Brokerage Services segment due to the soft insurance market and economic headwinds. The company reported an increase in net income from continuing operations attributable to Aon stockholders for the quarter, but a slight decrease year-to-date. Diluted earnings per share from continuing operations saw a healthy increase for the quarter. A significant event disclosed is the completion of the acquisition of Hewitt Associates for approximately $4.9 billion, which closed on October 1, 2010. This transaction is expected to create a global leader in human capital solutions and services and is anticipated to generate substantial cost savings. However, the financial statements as of September 30, 2010, do not yet reflect the full impact of the Hewitt acquisition, with its financial results and those of the associated restructuring to be incorporated in future periods.

    Nov 4, 2010
  49. 2010-Q2

    Aon plc Quarterly Report for Q2 Ended Jun 30, 2010

    Aon plc's (AON) 10-Q filing for the period ending June 30, 2010, reveals a company navigating a challenging economic environment characterized by a soft insurance pricing market and declining insurable risks. Despite these headwinds, Aon demonstrated resilience, with total revenue increasing slightly year-over-year, driven by acquisitions and favorable foreign currency translation, partially offset by organic revenue declines. The company achieved an improved operating margin due to effective expense management and lower restructuring costs, although compensation and benefits expenses saw an increase driven by pension adjustments and unfavorable foreign currency impacts. A significant development highlighted is the announced agreement to merge with Hewitt Associates, Inc., a move expected to create a larger, more integrated human resource solutions provider. This transaction, valued at approximately $4.9 billion, is expected to close in mid-November 2010 and is being financed through a combination of debt and equity. Net income attributable to Aon stockholders saw a slight increase for the quarter but a decrease for the six-month period, reflecting the impact of discontinued operations and various restructuring charges. The company continues to manage its capital effectively through share repurchases and dividend payments, while also proactively managing its liquidity and debt. Investors should pay close attention to the strategic integration of Hewitt and its potential impact on future earnings, operational efficiency, and market position, as well as the ongoing efforts to manage costs and navigate the macroeconomic landscape.

    Aug 6, 2010
  50. 2010-Q1

    Aon plc Quarterly Report for Q1 Ended Mar 31, 2010

    Aon plc's first quarter 2010 report shows a mixed financial performance, impacted by the lingering effects of the global recession. While total revenue saw a modest increase of 3% to $1.9 billion, driven partly by favorable foreign currency translation, organic revenue declined by 3%. This decline is attributed to prevailing economic headwinds, including soft insurance pricing, reduced insurable risks, client cost-cutting measures, and sector-specific weaknesses in financial services and construction. The company focused on managing operating expenses and achieved an adjusted operating margin of 18.3%, demonstrating operational efficiency. However, net income attributable to Aon stockholders decreased by 23% to $178 million, and diluted earnings per share from continuing operations fell to $0.63 from $0.79 in the prior year period. This decrease was largely due to the absence of a significant pension curtailment gain recorded in the first quarter of 2009 and increased restructuring charges in the current period. Despite the challenging revenue environment, Aon is actively engaged in restructuring initiatives aimed at improving efficiency, with substantial cost savings anticipated from ongoing plans. The company also highlighted its strong liquidity position and ongoing share repurchase programs, signaling a commitment to shareholder value creation.

    May 4, 2010