Core Viewpoint - Aon plc reported strong financial results for Q4 and full year 2024, highlighting a 23% increase in total revenue for Q4 and a 17% increase for the full year, driven by organic growth and acquisitions, particularly from NFP [2][30]. Financial Performance Summary - Total revenue for Q4 2024 was $4.1 billion, a 23% increase from $3.4 billion in Q4 2023, while full year revenue reached $15.7 billion, up 17% from $13.4 billion in 2023 [2][30]. - Organic revenue growth for both Q4 and the full year was reported at 6% [2][30]. - The diluted EPS for Q4 increased by 33% to $3.28, while the full year diluted EPS was $12.49, a slight decrease from $12.51 in the previous year [2][31]. Segment Performance - Aon realigned its reporting segments into Risk Capital and Human Capital, with Q4 Risk Capital revenue increasing by 13% to $2.5 billion and Human Capital revenue rising by 41% to $1.6 billion [3][4]. - Within Risk Capital, Commercial Risk Solutions saw a 15% increase in revenue, while Reinsurance Solutions grew by 6% [16][17]. - In Human Capital, Health Solutions revenue grew by 40%, and Wealth Solutions increased by 44% [18][19]. Expense Overview - Total operating expenses for Q4 increased by 18% to $3.1 billion, primarily due to the inclusion of NFP's operating expenses and organic growth-related costs [5][20]. - Compensation and benefits expenses rose by 27% to $2.1 billion, reflecting ongoing expenses from NFP and organic growth [20][41]. Cash Flow and Shareholder Returns - Free cash flow for 2024 was $2.8 billion, a decrease of 11% compared to the previous year, attributed to lower cash flows from operations [11][30]. - The company repurchased approximately 3.1 million shares for about $1 billion during 2024, with $2.3 billion remaining under its share repurchase authorization as of December 31, 2024 [32][8]. Guidance and Future Outlook - Aon introduced guidance for 2025, expecting to maintain mid-single-digit organic revenue growth, adjusted margin expansion, and strong adjusted EPS growth [13][30].

We are in the initial stages of the fourth-quarter 2024 earnings season. So far, results have come in line with expectations. As of Jan. 29, 112 companies of the broad-market index — the S&P 500 — reported their quarterly financial numbers. Total earnings of these companies are up 10.8% year over year on 5.5% higher revenues, with 80.4% beating earnings per share (EPS) estimates and 68.8% beating revenue estimates.Looking at the fourth quarter as a whole, total earnings for the S&P 500 Index are expected to ...

Core Viewpoint - Aon plc is expected to report its fourth-quarter 2024 results on January 31, 2025, with earnings estimated at $4.24 per share and revenues at $4.19 billion, indicating a year-over-year earnings increase of 9% and revenue growth of 24.2% [1][2]. Financial Performance - The earnings estimate for Aon has remained stable over the past week, with a consensus indicating a positive outlook for the upcoming quarter [2]. - Aon has missed earnings consensus estimates in three of the last four quarters, with an average surprise of negative 0.5% [3]. Earnings Predictions - Aon's Earnings ESP is +2.75%, and it holds a Zacks Rank of 3 (Hold), suggesting a potential earnings beat this quarter [4]. - The Commercial Risk Solutions segment is projected to see revenues grow by 16.7% year-over-year, while the Health Solutions segment is expected to grow by 46.3% [6][8]. Segment Performance - The Reinsurance Solutions segment is estimated to grow by 4.4% year-over-year, supported by favorable retention rates and new business generation [9]. - The Wealth Solutions segment is anticipated to increase by 34.2% from the previous year, driven by demand for advisory services [10]. Expense Considerations - Total operating expenses are expected to rise by over 21%, primarily due to increased compensation and benefits costs, with other general expenses estimated at nearly $533 million and compensation costs at $2.09 billion [11][12].

Global Natural Disaster Trends - Global natural disaster events caused $368 billion in economic losses in 2024, a 14% increase above the 21st-century average, marking the ninth consecutive year of losses exceeding $300 billion [2] - Weather-related events are becoming more frequent and costly, with global insurance losses in 2024 reaching $145 billion, 54% above the 21st-century average [3] - The protection gap stood at 60% in 2024, representing a significant financial challenge for communities, businesses, and governments [3] Key Events and Their Impact - Hurricane Helene was the costliest global event in 2024, causing $75 billion in damages and 243 fatalities [4] - Hurricane Milton was the costliest single global insured loss event, causing $20 billion in losses [4] - 78% of global insured losses were recorded in the U.S., driven by hurricanes and severe convective storms (SCS) [4] Severe Convective Storms (SCS) and Urban Exposure - There were at least 54 global events in 2024 that each resulted in economic losses above $1 billion, driven by SCS in the U.S. [5] - Growing exposure to SCS in high-risk areas like Dallas, Houston, and Denver increases the likelihood of billion-dollar disasters [5] Climate Trends and Record Temperatures - 2024 was the warmest year on record, with 20 countries and territories recording their highest temperatures [6] - The year saw the end of 15 consecutive months of record global high temperatures in August [6] Insurance Industry and Resilience Measures - $223 billion in uninsured losses in 2024 highlights the need for investments in technology and analytics to model and price risks [7] - Improved warning systems, weather forecasts, and evacuation planning contributed to a reduction in fatalities, with 18,100 lives lost in 2024 compared to the 21st-century average of 72,400 [7] Global Economic Loss Events - The top 10 global economic loss events in 2024 included hurricanes, floods, earthquakes, and droughts, with Hurricane Helene and Hurricane Milton being the most costly [9] - Spain, Brazil, U.A.E., and Vietnam recorded their costliest insurance events in 2024 [8] Industry Collaboration and Innovation - The insurance industry and broader financial community have the opportunity to bring new sources of capital to protect vulnerable communities and create greater economic resilience [8] - Collaboration between stakeholders is crucial for developing public-private partnerships and innovative insurance products to close the protection gap [8] Aon's Role and Expertise - Aon's 2025 Climate and Catastrophe Insight report provides actionable insights to help businesses and communities prepare for natural hazards using the latest forecasting models and analytics [9] - The company operates in over 120 countries, offering globally integrated Risk Capital and Human Capital expertise to help clients make better risk and people decisions [10]

Core Insights - Aon's 2025 Human Capital Employee Sentiment Study reveals a "hustle reset" among employees as they reassess their work-life balance and well-being priorities [1][4][6] - A significant 60% of employees are considering or actively seeking new employment within the next year, indicating widespread job dissatisfaction [2] - The study highlights a low motivation among employees to enhance their AI skills, with only about one-third feeling driven to develop new skills related to emerging technologies [2] Employee Preferences - There is a rising demand for flexibility, with work-life balance benefits ranked as the third most valued by employees, particularly among Gen Z, who prioritize it just after medical benefits [3] - A strong company culture is essential for attracting and retaining talent, with employees valuing workplaces that align with their personal values and are perceived as enjoyable [4] Trends in AI and Employment - There is a disparity in AI expectations between executives and entry-level employees, with 22% of executives believing AI will significantly replace jobs, compared to only 11% of entry-level employees [5] - Hybrid workers report feeling the most valued by their companies, while fully remote employees are significantly more likely to feel undervalued [5] Compensation and Benefits - Nearly half (47%) of employees prioritize better-than-average pay and meaningful benefits when choosing an employer, highlighting the importance of competitive compensation [5] - Personalization of benefits is crucial, as 72% of employees desire tailored benefits, yet only 41% currently have access to a choice-based benefits system [5] Communication Gaps - The study identifies significant communication gaps between employers and employees regarding benefits, with only 38% of employees who value life and disability insurance believing they have access to these benefits [5]

Group 1 - Aon plc plans to announce its fourth quarter and full year results on January 31, 2025, at 5:00 am Central Time [1] - CEO Greg Case will host a conference call at 7:30 am CT on the same day, which will be broadcast live on Aon's website [1] - A replay of the conference call will be available shortly after the live webcast, along with the earnings release and supplemental slide presentation [1] Group 2 - Aon plc operates globally, providing clients in over 120 countries with actionable analytic insights and solutions related to risk and human capital [2] - The company's mission is to shape decisions for the better, aiming to protect and enrich lives worldwide [2]

Core Viewpoint - Aon plc has appointed John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance, aiming to enhance the firm's capabilities in addressing climate-related risks and delivering advanced reinsurance solutions [1][2][3] Group 1: Appointment and Role - John Neal's appointment is effective after his notice period and is seen as critical for Aon to tackle increasing volatility from climate-related events [1][2] - Neal will lead Aon's efforts in climate solutions and reinsurance, reporting to Andy Marcell, CEO of Risk Capital, and will be based in London [2][4] Group 2: Background and Experience - Neal previously served as CEO of Lloyd's of London, where he transformed the company into a financially strong entity, achieving industry-leading performance [3][4] - His past roles include Group CEO of QBE, managing a $14 billion gross written premium business, and he has extensive experience in the insurance sector [4] Group 3: Strategic Vision - Aon's leadership emphasizes Neal's strategic vision and experience in addressing client needs across various megatrends, including Trade, Technology, Weather, and Workforce [4] - The firm aims to leverage Neal's expertise to enhance integrated climate solutions and improve client service in risk and people issues [3][4]

BLOOMFIELD HILLS, Mich., Dec. 19, 2024 /PRNewswire/ -- Woodward Park Partners is pleased to announce that its client, Benefits Partner, LLC dba Salus Group ("Salus Group"), has been acquired by NFP, a wholly owned subsidiary of Aon (NYSE: AON). Salus Group is a leading independent benefits consulting, brokerage and administration firm.Woodward Park Partners acted as the exclusive financial advisor to Salus Group in this transaction. Michael Brillati, CEO and majority shareholder of Salus Group stated, "The ...

Core Viewpoint - Aon and the EBRD have launched a €110 million guarantee scheme to support the war risk insurance market in Ukraine, aiming to revitalize the local economy and attract international reinsurers [1][2][3] Group 1: Guarantee Scheme Details - The new Ukraine Recovery and Reconstruction Guarantee Facility will provide reinsurance capacity for international reinsurers and local Ukrainian insurers to cover war-related risks [2] - The facility is designed to leverage existing market infrastructure and risk transfer mechanisms to protect private sector investors [2] - The scheme will initially cover inland cargo, motor vehicle damage, and railway rolling stock, with potential expansion based on market demand [6] Group 2: Market Impact - The facility aims to stimulate business activity and economic growth in Ukraine by making war risk insurance more accessible [3] - It is expected to enable the provision of war risk coverage to businesses and small and medium-sized enterprises at scale through local insurers INGO, Colonnade, and UNIQA [5] - The EBRD's guarantee may insure up to €1 billion worth of goods and vehicles in transit each year, driving significant economic impact [6] Group 3: International Engagement - The global specialty reinsurer MS Amlin is the first international reinsurance partner to join the EBRD facility, allowing them to re-engage with Ukrainian insurers [4] - The facility is backed by contributions from France, the United Kingdom, Norway, Taiwan, the European Union, and Switzerland, with additional donor support expected [7] - Coordination with the Ukrainian Ministry of the Economy and the National Bank of Ukraine ensures the provision of war risk insurance policies to local companies [8] Group 4: Statements from Key Figures - EBRD President Odile Renaud-Basso emphasized the milestone for Ukraine and the importance of building a resilient insurance market to boost business confidence [9] - Aon CEO Greg Case highlighted the firm's commitment to identifying investment opportunities in Ukraine during the ongoing war [10] - Ukrainian Deputy Prime Minister Yulia Svyrydenko expressed gratitude for the insurance mechanism, which is expected to support small and medium-sized businesses and attract investments [10] Group 5: Aon's Previous Efforts - Aon's initiatives over the past year have represented more than $465 million in public and private capital for war risk insurance in Ukraine [10] - The firm collaborated with the U.S. International Development Finance Corporation to create a pioneering insurance program for businesses operating in Ukraine [10] - The EBRD has deployed €5 billion in Ukraine since February 2022, focusing on energy security, infrastructure, food security, and the private sector [11]

CHICAGO, Dec. 11, 2024 /PRNewswire/ -- Aon plc (NYSE: AON) reports that more U.S. hospitals are reporting steady or lower employee turnover after bolstering pay and benefits to help attract and retain talent, according to the firm's 19th annual Benefits Survey of Hospitals.Seven percent of hospitals reported increased turnover among nurses (compared to 62 percent in 2023) and five percent experienced higher departures among non-physician clinical positions (compared to 41 percent in 2023) and nine percent s ...