Aon plc (AON) reported second-quarter 2024 adjusted earnings of $2.93 per share, which lagged the Zacks Consensus Estimate by 5.2%. The bottom line advanced 6% year over year.Total revenues of $3.8 billion improved 18% year over year. The top line beat the consensus mark by 1%. It consisted of organic revenue growth of 6%, partly offset by a 1% adverse impact of foreign currency translation.The quarterly results suffered a blow from increased operating expenses, resulting from higher compensation and benefi ...

Aon (AON) reported $3.76 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 18.4%. EPS of $2.93 for the same period compares to $2.76 a year ago.The reported revenue represents a surprise of +1.01% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $3.09, the EPS surprise was -5.18%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectatio ...

Group 1: Earnings Performance - Aon reported quarterly earnings of $2.93 per share, missing the Zacks Consensus Estimate of $3.09 per share, but showing an increase from $2.76 per share a year ago, representing an earnings surprise of -5.18% [1] - The company posted revenues of $3.76 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 1.01%, and up from $3.18 billion year-over-year [1] Group 2: Market Performance and Outlook - Aon shares have increased by approximately 2.7% since the beginning of the year, compared to the S&P 500's gain of 13.2% [2] - The current consensus EPS estimate for the upcoming quarter is $2.55 on revenues of $3.66 billion, and for the current fiscal year, it is $15.41 on revenues of $15.61 billion [4] Group 3: Industry Context - The Insurance - Brokerage industry, to which Aon belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - Aon's earnings estimate revisions trend is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [3]

Exhibit 99.1 Investor Relations News from Aon Aon Reports Second Quarter 2024 Results Second Quarter Key Metrics • Total revenue increased 18% to $3.8 billion, including organic revenue growth of 6% • Operating margin decreased 910 basis points to 17.4%, and adjusted operating margin increased 10 basis points to 27.4% • EPS decreased 9% to $2.46, and adjusted EPS increased 6% to $2.93 • For the first six months of 2024, cash flows from operations decreased 27% to $822 million, and free cash flow decreased 2 ...

Core Insights - Aon plc reported a total revenue increase of 18% to $3.8 billion for the second quarter of 2024, driven by organic revenue growth of 6% and contributions from the acquisition of NFP [1][5][12] - The operating margin decreased by 910 basis points to 17.4%, while the adjusted operating margin increased by 10 basis points to 27.4% [1][19] - Net income attributable to Aon shareholders decreased by 6% to $524 million, with diluted EPS down 9% to $2.46, while adjusted EPS increased by 6% to $2.93 [3][21] Financial Performance - Total revenue for the first six months of 2024 was $7.83 billion, an 11% increase compared to the same period in 2023 [29] - Operating income for the second quarter decreased by 22% to $656 million, while adjusted operating income increased by 19% to $1.03 billion [19][34] - Cash flows from operations decreased by 27% to $822 million for the first half of 2024, with free cash flow also down 27% to $721 million [8][32] Acquisition and Strategic Developments - Aon completed the acquisition of NFP for an enterprise value of $13 billion, which is expected to enhance its service offerings [2][4] - The company repurchased 0.8 million class A ordinary shares for approximately $250 million during the second quarter [2][7] - Aon announced a public-private solution to build insurance capacity in Ukraine, totaling $350 million [2] Revenue Breakdown - Commercial Risk Solutions revenue increased by 14% to $2.02 billion, with organic growth of 6% [12][31] - Health Solutions revenue grew by 48% to $662 million, driven by strong performance in core health and benefits brokerage [12][31] - Wealth Solutions saw a 32% increase in revenue to $463 million, with organic growth of 9% [12][31] Expense Analysis - Total operating expenses rose by 33% to $3.1 billion, primarily due to the inclusion of NFP's operating expenses and restructuring program charges [5][15] - Compensation and benefits expenses increased by 21% to $2.13 billion, reflecting ongoing expenses from NFP [15][19] - Amortization and impairment of intangible assets surged by 412% to $128 million, largely due to the NFP acquisition [15][34]

80 percent of 1H global natural catastrophe claims related to U.S. events LONDON, July 18, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today published its Global Catastrophe Recap: First Half 2024 report, which cites a preliminary estimate of more than $117 billion in economic losses from global natural disasters during the first half (1H) of 2024. This figure was lower than the 21st-century 1H average of $137 billion, and significantly lower than the economic loss ...

For Immediate ReleaseChicago, IL – July 17, 2024 – Today, Zacks Equity Research discusses Marsh & McLennan Companies, Inc. (MMC) , Aon plc (AON) , Arthur J. Gallagher & Co. (AJG) , Willis Towers Watson Public Limited Co. (WTW) and Brown & Brown, Inc. (BRO) .Industry: Insurance BrokerageLink: https://www.zacks.com/commentary/2302312/5-insurance-brokerage-picks-to-gain-from-increased-demandBetter pricing, prudent underwriting, rising demand for insurance products and global expansion have been driving the Zac ...

Eighty-six percent say Trade, Technology, Weather and Workforce trends are important to their organizations More confident decision makers find access to comprehensive data and analytics critical to addressing risk and people issues Decision makers are increasingly concerned about weather and climate risks, but majority are slow to make significant investments DUBLIN, July 17, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the findings of its inaugur ...

DUBLIN, July 15, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, plans to announce second quarter 2024 results on Friday, July 26, 2024, in a news release to be issued at 5:00 am Central Time. Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday, July 26, 2024. The conference call will be broadcast live through Aon's website at www.aon.com. A replay will be available shortly after the live webcast. The earnings release and supplemental slide pr ...

DUBLIN, July 12, 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 $0.675 per share on outstanding Class A Ordinary Shares. The dividend is payable August 15, 2024 to shareholders of record on August 1, 2024.Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated R ...