AON Stock Recent News

–  Tool enables risk managers and brokers to assess corporate executive risks and tailor more impactful insurance programs –  Joins Aon's Property Risk and Casualty Risk analyzers in a growing suite of analytics tools for clients DUBLIN , Aug. 19, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today unveiled its Directors and Officers (D&O) Risk Analyzer, a digital application that allows risk managers of U.S.-listed public companies to make data-driven, technology-enabled decisions to mitigate executive risks facing their directors, officers and businesses. The tool is the latest release in a suite of new offerings that use data and analytics to deliver differentiated insights that help clients make better decisions in an evolving risk landscape.

CHICAGO , Aug. 15, 2024 /PRNewswire/ -- The average cost of employer-sponsored health care coverage in the U.S. is expected to increase 9.0 percent*, surpassing $16,000 per employee in 2025, according to Aon plc (NYSE: AON), a leading global professional services firm. This projected increase, which assumes employers do not implement employee cost sharing increases and other cost saving strategies, is higher than the 6.4 percent increase to health care budgets that employers experienced from 2023 to 2024 after cost savings strategies.

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.

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Aon reported 6% organic revenue growth in Q2, driven by net new business generation and strong retention. The completion of the NFP acquisition will expand Aon's services into the mid-market, with potential for revenue and cost synergies. Aon's outlook includes mid-single-digit organic revenue growth for FY24, with a fair value of $410 per share based on DCF analysis.

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 Carter - Bank of America Cave Montazeri - Deutsche Bank Operator Good morning and thank you for holding. Welcome to Aon plc's Second Quarter 2024 Conference Call.

AON's second-quarter results reflect elevated operating expenses, partly offset by strong revenue contributions of the Health Solutions and Wealth Solutions businesses.

While the top- and bottom-line numbers for Aon (AON) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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.

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 27% to $721 million Second Quarter Highlights Completed the acquisition of NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions, for $13.0 billion enterprise value, and are on-track to deliver financial commitments Repurchased 0.8 million class A ordinary shares for approximately $250 million Appointed Edmund Reese to serve as next CFO, effective July 29, 2024 Announced a first-of-its-kind, public-private solution to build insurance capacity and accelerate new capital investments and economic recovery in Ukraine, bringing total