Aon Plc - AON STOCK NEWS

Aon (NYSE: AON) reported strong Q4 2024 results with total revenue increasing 23% to $4.1 billion, driven by acquired revenues from NFP and 6% organic revenue growth. The company achieved a Q4 operating margin of 26.3% and adjusted operating margin of 33.3%.

For full year 2024, Aon delivered 17% revenue growth to $15.7 billion, with 6% organic growth across all solution lines. The company generated $2.8 billion in free cash flow, though this represented an 11% decrease from 2023. Q4 diluted EPS increased 33% to $3.28, while adjusted EPS grew 14% to $4.42.

The company has realigned into two reporting segments: Risk Capital and Human Capital. In Q4, Risk Capital revenue increased 13% to $2.5 billion, while Human Capital revenue grew 41% to $1.6 billion. Aon repurchased approximately $1 billion in shares during 2024 and announced plans for an additional $1 billion in share repurchases for 2025.

Aon's 2025 Climate and Catastrophe Insight report reveals global natural disasters caused $368 billion in economic losses in 2024, marking the ninth consecutive year exceeding $300 billion. Insurance covered $145 billion of these losses, leaving a significant 60% protection gap.

Hurricane Helene was 2024's costliest event, causing $75 billion in damages and 243 fatalities, while Hurricane Milton led to the largest insured loss at $20 billion. The U.S. accounted for 78% of global insured losses.

The report highlights increasing frequency and costs of weather-related events, with at least 54 global events causing losses above $1 billion. 2024 was recorded as the warmest year ever, with 20 countries reaching their highest temperatures. Despite the severe economic impact, improved warning systems and evacuation planning helped reduce casualties to 18,100, well below the 21st-century average of 72,400.

The Jacobson Group and Aon plc (NYSE: AON) have launched their Q1 2025 Semi-Annual U.S. Insurance Labor Market Study, open for participation through February 2. The study, established in 2009, serves as a key indicator of insurance industry staffing trends.

The current insurance sector shows steady job growth and low unemployment, with expected revenue growth in 2025 amid improving economic certainty. These conditions are anticipated to support investments in people and processes for profitable growth objectives.

Insurance carriers across all sectors are invited to participate in the confidential survey, with participants receiving detailed results at no cost. The findings will be presented in a complimentary webinar scheduled for February 13, 2025, at 1 p.m. CST.

Aon's 2025 Human Capital Employee Sentiment Study reveals significant workforce trends across 23 geographies. The study of 9,000+ employees shows that 60% plan to seek new employment within 12 months, indicating widespread job dissatisfaction. Only one-third feel motivated to develop AI-related skills.

Work-life balance benefits rank as the third most valued benefit overall, with Gen Z ranking it second only to medical benefits. The study identifies a 'Hustle Reset' phenomenon, where employees are reevaluating their relationship with work and rejecting the 'always-on' culture.

Key findings include: hybrid workers feeling most valued, with remote workers 52% more likely to feel undervalued; 47% of employees prioritizing better-than-average pay and benefits; and a significant gap in benefits personalization, with 72% wanting personalized benefits but only 41% having access to choice-based systems.

Aon plc (NYSE: AON) has announced a quarterly cash dividend declaration by its Board of Directors. The dividend of $0.675 per share will be paid on Class A Ordinary Shares on February 14, 2025. Shareholders must be on record by February 3, 2025 to receive this payment.

Aon plc (NYSE: AON), a global professional services firm, has scheduled its fourth quarter and full year 2024 earnings announcement for Friday, January 31, 2025. The company will release its financial results at 5:00 am Central Time, followed by a conference call at 7:30 am CT hosted by CEO Greg Case.

The conference call will be accessible through a live webcast on Aon's website, with a replay available shortly after. Both the earnings release and supplemental slide presentation will be made available on www.aon.com.

Aon plc (NYSE: AON) has appointed John Neal as Global Chairman of Climate Solutions and Global CEO of Reinsurance. Neal, who will join from Lloyd's of London where he served as CEO since 2018, will focus on addressing climate-related risks and enhancing Aon's Reinsurance capabilities.

During his tenure at Lloyd's, Neal led a transformation that achieved industry-leading performance and the company's strongest financial position in its 340-year history. Previously, he served as Group CEO of QBE, managing a $14 billion gross written premium business across 37 countries.

In his new role at Aon, Neal will be based in London, reporting to Andy Marcell, CEO of Risk Capital. He will help tackle increasing volatility driven by climate-related events while leveraging Aon's integrated Risk Capital capabilities to deliver advanced analytics, innovative solutions, and access to new capital sources.

Aon (NYSE: AON) has acquired Salus Group through its subsidiary NFP. Salus Group, founded in 2005, is a leading independent benefits consulting, brokerage and administration firm specializing in credit unions and middle-market employers, including those with unionized workforces. The company operates nationwide from its Michigan base.

NFP, as part of Aon, provides consultative services addressing risk, workforce, wealth management and retirement challenges, employing over 7,700 colleagues across the US, Puerto Rico, Canada, UK and Ireland. Woodward Park Partners served as the exclusive financial advisor to Salus Group in this transaction.

Aon and the European Bank for Reconstruction and Development (EBRD) have launched a €110 million war risk insurance facility for Ukraine. The initiative aims to revitalize Ukraine's war risk insurance market through a guarantee scheme supporting reinsurance capacity for international reinsurers and Ukrainian insurance companies.

The facility includes MS Amlin as the first international reinsurance partner, alongside three Ukrainian insurers: INGO, Colonnade, and UNIQA. Initially covering inland cargo, motor vehicle damage, and railway rolling stock, the facility could insure up to €1 billion worth of goods and vehicles annually. The program represents part of Aon's broader support for Ukraine's economy, contributing to over $465M in public and private capital for war risk insurance.