Core Insights - The average cost of employer-sponsored health care coverage in the U.S. is projected to increase by 9.0 percent, exceeding $16,000 per employee in 2025 [1] - The increase is attributed to rising medical claims and prescription drug costs, particularly due to specialty drugs and GLP-1 medications [2][3] - Employers are expected to bear the majority of health care costs, with a significant increase in employer costs from 2023 to 2024 [4][5] Health Care Cost Projections - The budgeted health-plan cost for clients is $14,823 per employee in 2024, reflecting a 6.4 percent increase from 2023 [1][4] - Employee premiums are expected to rise by 3.4 percent, while employer costs increased by 6.4 percent [4][5] - Employers subsidize approximately 81 percent of the plan cost, with employees contributing about $4,858 for health care coverage in 2024 [4][6] Industry-Specific Trends - The technology and communications industry has the highest average employer cost increase at 7.4 percent, while the public sector sees the highest employee cost increase at 6.7 percent [7][8] - The health care industry has the lowest average change in employee contributions, with no material change from 2023 [7][8] Factors Influencing Costs - Rising employment levels and wage increases due to inflation are contributing to higher health care costs [2] - Specialty drugs, particularly GLP-1 medications, are driving up prescription drug costs, adding an estimated 1 percent to the overall health care cost increase [2][3] Predictive Analytics and Risk Management - Aon has introduced the Health Risk Analyzer to help employers predict high-cost claimants and manage future health care spending [9][10] - Self-insured plan sponsors face challenges in maintaining stable plan increases, but Aon's tools provide flexibility in funding and risk management [10]

DUBLIN, Aug. 9, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced that Admiral James Stavridis has been appointed to its Board of Directors, effective Aug. 15, 2024."We are pleased to welcome Admiral Stavridis to Aon's Board of Directors," said Lester B. Knight, chair of Aon's board. "Admiral Stavridis' experience as a retired four-star U.S. naval officer, partner and vice chair for global affairs at Carlyle and board chair of the Rockefeller Foundation w ...

Images By Tang Ming TungI published my ‘Strong Buy’ thesis on Aon (NYSE:AON) in February 2024, pointing out that the acquisition of NFP could potentially accelerate Aon’s organic revenue growth and expand into mid-market. The company released its Q2 earnings on July 26th with 6% organic revenue growth. I favor the company’s growth driven by net new business generation and ongoing strong retention. I maintain a 'Strong Buy' rating with a fair value of $410 per share. Net New Business Growth and Strong Re ...

Aon plc (NYSE:AON) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Greg Case - Chief Executive Officer Edmund Reese - Executive Vice President and Chief Financial Officer Christa Davies - Chief Financial Officer Eric Andersen - President Conference Call Participants Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Securities Michael Zaremski - BMO Capital Markets Jimmy Bhullar - JPMorgan Robert Cox - Goldman Sachs David Motemaden - Evercore ISI Meyer Shields - KBW Grace Car ...

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 JUNE 30, 2024 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) Identific ...

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]