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Aon Appoints Admiral James Stavridis to Board of Directors
Prnewswire· 2024-08-09 12:30
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 ...
Aon: Q2 2024, Net New Business Growth And Strong Retention
Seeking Alpha· 2024-07-27 06:01
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(AON) - 2024 Q2 - Earnings Call Transcript
2024-07-26 23:43
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 ...
AON(AON) - 2024 Q2 - Quarterly Report
2024-07-26 20:22
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 Q2 Earnings Miss Estimates on Higher Benefit Expenses
ZACKS· 2024-07-26 18:56
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 ...
Here's What Key Metrics Tell Us About Aon (AON) Q2 Earnings
ZACKS· 2024-07-26 14:36
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 ...
Aon (AON) Q2 Earnings Miss Estimates
ZACKS· 2024-07-26 12:10
Aon (AON) came out with quarterly earnings of $2.93 per share, missing the Zacks Consensus Estimate of $3.09 per share. This compares to earnings of $2.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.18%. A quarter ago, it was expected that this insurance brokerage would post earnings of $5.86 per share when it actually produced earnings of $5.66, delivering a surprise of -3.41%.Over the last four quarters, the company h ...
AON(AON) - 2024 Q2 - Quarterly Results
2024-07-26 10:01
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 ...
Aon Reports Second Quarter 2024 Results
Prnewswire· 2024-07-26 10:01
Second Quarter Key MetricsTotal 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 $2.93For the first six months of 2024, cash flows from operations decreased 27% to $822 million, and free cash flow decreased 27% to $721 millionSecond Quarter HighlightsCompleted the acquisition of NFP, a leading middle-mark ...
Elevated Severe Convective Storm Losses Reduced Protection Gap to 50 Percent, Aon 1H Global Catastrophe Report
Prnewswire· 2024-07-18 15:31
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 ...