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10-QPeriod: Q1 FY2009

Aon plc Quarterly Report for Q1 Ended Mar 31, 2009

Filed May 8, 2009For Securities:AON

Summary

This 10-Q filing for Aon plc for the period ending March 30, 2009, primarily details the company's ongoing share repurchase program and incorporates by reference various legal and financial documents. Notably, there were no equity securities sold or repurchased during the first quarter of 2009. However, the company still has a substantial remaining authorization of $854 million under its previously announced share repurchase program, which was increased to $4.6 billion in late 2007. This indicates management's continued confidence in the company's valuation and its commitment to returning capital to shareholders. The filing also references extensive exhibits, including bylaws, indemnification agreements, and various compensation and incentive plans for directors and officers. These disclosures, while important for a comprehensive understanding of corporate governance and executive compensation, do not provide new operational or financial performance data for the current quarter. Investors should note that this filing supplements, rather than replaces, the detailed financial statements that would be found in the company's full quarterly financial report.

Financial Statements
Beta
Revenue$1.85B
Operating Expenses$1.48B
Operating Income$366.00M
Interest Expense$29.00M
Net Income$280.00M
EPS (Basic)$0.99
EPS (Diluted)$0.96
Shares Outstanding (Basic)284.30M
Shares Outstanding (Diluted)292.00M

Key Highlights

  • 1Aon plc did not engage in any share repurchases during the first quarter of 2009.
  • 2The company maintains a significant remaining authorization of $854,412,169 for future share repurchases under its publicly announced plans.
  • 3The total authorized share repurchase program, announced in Q4 2007, was $4.6 billion.
  • 4Since inception, Aon has repurchased 90.8 million shares for an aggregate of $3,746 million.
  • 5The filing incorporates by reference other legal and corporate governance documents, including bylaws, indemnification agreements, and various executive compensation plans.
  • 6No new legal proceedings were specifically detailed in this excerpt; they are referenced in Note 16.
  • 7The report includes certifications from the CEO and CFO regarding the accuracy of the financial information.

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