DUBLIN, Jan. 10, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced that the Board of Directors has declared a quarterly cash dividend of $0.615 per share on outstanding Class A Ordinary Shares. The dividend is payable February 15, 2024 to shareholders of record on February 1, 2024. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over ...

CHICAGO--(BUSINESS WIRE)--The first-quarter 2024 iteration of the Semi-Annual U.S. Insurance Labor Market Study, conducted by The Jacobson Group, the leading provider of talent to the insurance industry, and Aon plc (NYSE: AON), a leading global professional services firm, is now open through January 29. For nearly 15 years, the study has provided valuable insights on insurance labor trends and is regarded as an accurate predictor of the industry’s staffing outlook. "Despite feelings of economic uncertai ...

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Aon plc (NYSE:AON) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Greg Case - Chief Executive Officer Christa Davies - Chief Financial Officer Eric Andersen - President Conference Call Participants Rob Cox - Goldman Sachs Paul Newsome - Piper Sandler Charlie Lederer - Citi Elyse Greenspan - Wells Fargo Jimmy Bhullar - JPMorgan David Motemaden - Evercore ISI Meyer Shields - KBW Operator Good morning and thank you for holding. Welcome to Aon plc's Third Quarter 2023 Conferen ...

Aon plc Third Quarter 2023 Results Greg Case Chief Executive Officer Christa Davies Chief Financial Officer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-7933 Aon plc (Exact Name of Registrant as Specified in Its Charter) IRELAND 98-1539969 (State or Other Jurisdiction of (I.R.S. Employer Incorporation or Organization) Iden ...

Aon plc (NYSE:AON) Q2 2023 Earnings Call Transcript July 28, 2023 8:30 AM ET Company Participants Greg Case - CEO and Executive Director Christa Davies - Executive VP and CFO Eric Andersen - President Conference Call Participants Charlie Lederer - Citi Mike Zaremski - BMO Capital Markets Weston Bloomer - UBS Bob Huang - Morgan Stanley Rob Cox - Goldman Sachs Elyse Greenspan - Wells Fargo David Motemaden - Evercore ISI Meyer Shields - KBW Jimmy Bhullar - JPMorgan Operator Good morning, and thank you for hold ...

Revenue Growth and Performance - Revenue increased by $194 million, or 7%, to $3.2 billion in Q2 2023, driven by 6% organic revenue growth and a 2% favorable impact from fiduciary investment income, partially offset by a 1% unfavorable impact from foreign currency translation[119] - Organic revenue growth was 6% in Q2 2023, driven by strong retention, renewal book management, and net new business generation[120] - Commercial Risk Solutions revenue increased by $82 million, or 5%, to $1.8 billion in Q2 2023, with 5% organic revenue growth[127] - Reinsurance Solutions revenue increased by $70 million, or 13%, to $607 million in Q2 2023, with 9% organic revenue growth[128] - Health Solutions revenue increased by $33 million, or 8%, to $447 million in Q2 2023, with 10% organic revenue growth[129] - Wealth Solutions revenue increased by $9 million, or 3%, to $352 million in Q2 2023, with 2% organic revenue growth[130] - Organic revenue growth for Q2 2023 was 6%, with Commercial Risk Solutions growing 5%, Reinsurance Solutions growing 9%, Health Solutions growing 10%, and Wealth Solutions growing 2%[148] Operating Margin and Income - Operating margin increased to 26.5% in Q2 2023 from 23.5% in the prior year period, primarily driven by 6% organic revenue growth[119] - Adjusted operating margin was 27.3% in Q2 2023, up from 26.2% in the prior year period, reflecting organic revenue growth and increased fiduciary investment income[120] - Adjusted operating margin for Q2 2023 was 27.3%, up from 26.2% in Q2 2022, driven by higher revenue and lower legal settlement expenses[152] - Operating income for the three months ended June 30, 2023, was $842 million under U.S. GAAP, with adjustments of $25 million, resulting in a non-GAAP adjusted operating income of $867 million[155] Net Income and Earnings Per Share - Net income increased by $61 million, or 12%, to $575 million in Q2 2023 compared to the prior year period[119] - Diluted earnings per share was $2.71 in Q2 2023, up from $2.33 in the prior year period[119] - Net income attributable to Aon shareholders increased to $560 million ($2.71 per diluted share) in Q2 2023 from $501 million ($2.33 per diluted share) in Q2 2022[145] - Net income attributable to Aon shareholders for the six months ended June 30, 2023, was $1,610 million under U.S. GAAP, with adjustments of $30 million, resulting in a non-GAAP adjusted net income of $1,640 million[158] - Diluted net income per share attributable to Aon shareholders for the six months ended June 30, 2023, was $7.79 under U.S. GAAP, with adjustments of $0.14, resulting in a non-GAAP adjusted diluted EPS of $7.93[158] Expenses and Cost Management - Depreciation of fixed assets decreased by $1 million (3%) in Q2 2023 compared to Q2 2022, and by $1 million (1%) for the first six months of 2023 compared to the same period in 2022[135] - Amortization and impairment of intangible assets decreased by $3 million (6%) for the first six months of 2023 compared to the same period in 2022[136] - Other general expense decreased by $71 million (18%) in Q2 2023 compared to Q2 2022, primarily due to a $58 million legal settlement charge in the prior period[137] - Interest expense increased by $28 million to $130 million in Q2 2023 compared to Q2 2022, driven by higher total debt and interest rates, including an $11 million non-recurring charge[139] - Interest expense for the six months ended June 30, 2023, was $241 million, consistent with the same period in 2022[158] Cash Flow and Liquidity - Free cash flow for the six months ended June 30, 2023, was $986 million, compared to $1,063 million for the same period in 2022[162] - Operating cash flow for the six months ended June 30, 2023 remained flat at $1.1 billion compared to the same period in 2022[173] - Pension contributions decreased to $31 million for the six months ended June 30, 2023, down from $40 million in the prior year period[174] - Cash flow from investing activities increased by $253 million to $128 million for the six months ended June 30, 2023, compared to $125 million used in the prior year period[175] - Capital expenditures increased to $145 million for the six months ended June 30, 2023, up from $68 million in the prior year period[178] Debt and Financial Instruments - Total debt increased by $0.6 billion to $11.3 billion at June 30, 2023 compared to December 31, 2022[183] - The company has $1.8 billion in available credit from two primary committed credit facilities[187] - Aon Global Limited issued Senior Notes with various interest rates and maturity dates, including 4.00% due November 2023, 3.50% due June 2024, and 4.75% due May 2045[197] - Co-Issued Notes by Aon Corporation and Aon Global Holdings plc include 2.85% Senior Notes due May 2027 and 3.90% Senior Notes due February 2052[199] - Aon plc uses derivative financial instruments to hedge its exposure to short-term interest rate changes, primarily affecting fiduciary investment income[211] Tax and Foreign Exchange Impact - Effective tax rates for the six months ended June 30, 2023, were 17.3% under U.S. GAAP and 18.9% on a non-GAAP adjusted basis[158] - Currency fluctuations had an unfavorable impact of $0.05 and $0.19 on net income per diluted share during the three and six months ended June 30, 2023, respectively[164] - Foreign exchange rate fluctuations had an unfavorable impact of $0.19 on diluted net income per share for the six months ended June 30, 2023[210] Fiduciary Assets and Investments - Fiduciary assets at June 30, 2023, included cash and cash equivalents of $7.5 billion and fiduciary receivables of $10.7 billion[169] - Total cash and cash equivalents and funds held on behalf of clients increased by $1.4 billion in 2023, reaching $19.345 billion[171] - Short-term investments decreased by $252 million compared to December 31, 2022[176] Share Repurchases and Distributable Profits - The company repurchased 1.7 million shares at an average price of $323.96 per share during the six months ended June 30, 2023[181] - Distributable profits exceeded $29.3 billion as of June 30, 2023, up from $29.0 billion at December 31, 2022[186] Credit Ratings and Obligations - Moody's Investor Services upgraded the company's outlook to Positive from Stable on June 26, 2023[191] - Aon plc's revised Obligor group reported a net loss of $664 million for the six months ended June 30, 2023[203] - Receivables due from non-guarantor subsidiaries increased to $3,772 million as of June 30, 2023, compared to $1,300 million as of December 31, 2022[204] - Payables to non-guarantor subsidiaries decreased to $14,840 million as of June 30, 2023, from $16,171 million as of December 31, 2022[204] - Aon plc hedged approximately 45% of its U.K. subsidiaries' expected exposures to U.S. dollar, euro, and Japanese yen transactions for 2023 and 2024[208]

Aon plc (NYSE:AON) Q1 2023 Earnings Conference Call April 28, 2023 8:30 AM ET Company Participants Greg Case - CEO Christa Davies - EVP & CFO Eric Andersen - President Conference Call Participants Jimmy Bhullar - JPMorgan Andrew Kligerman - Credit Suisse Robert Cox - Goldman Sachs Weston Bloomer - UBS Elyse Greenspan - Wells Fargo David Motemaden - Evercore ISI Meyer Shields - KBW Michael Ward - Citigroup Josh Shanker - Bank of America Merrill Lynch Operator Good morning and thank you for holding. Welcome t ...

Aon plc First Quarter 2023 Results Greg Case Chief Executive Officer Christa Davies Chief Financial Officer ...