Aon plc - AON STOCK NEWS

Aon (NYSE: AON) reported Q3 2024 results with total revenue increasing 26% to $3.7 billion, including 7% organic revenue growth. Operating margin was 16.7%, while adjusted operating margin increased to 24.6%. EPS decreased to $1.57 from $2.23, though adjusted EPS grew 17% to $2.72.

The company completed 6 middle-market acquisitions and reported strong performance across all solution lines. Cash flows from operations for the first nine months reached $1,835 million, with free cash flow at $1,672 million. The company repurchased 0.9 million shares for approximately $300 million and maintained $2.5 billion in remaining share repurchase authorization.

Aon plc (NYSE: AON), a global professional services firm, has announced a quarterly cash dividend of $0.675 per share on outstanding Class A Ordinary Shares. The dividend will be payable on November 15, 2024 to shareholders of record as of November 1, 2024. Aon, which operates in over 120 countries, focuses on shaping decisions for the better by providing actionable analytic insight and globally integrated Risk Capital and Human Capital expertise. The company aims to protect and enrich lives worldwide through locally relevant solutions that offer clarity and confidence for better risk and people decisions to protect and grow businesses.

Aon plc (NYSE: AON), a global professional services firm, has announced its plans to release third quarter 2024 results on Friday, October 25, 2024. The news release will be issued at 5:00 am Central Time, followed by a conference call hosted by CEO Greg Case at 7:30 am Central Time. The call will be broadcast live on Aon's website, with a replay available shortly after. The earnings release and supplemental slide presentation will also be accessible on the company's website.

Aon provides actionable analytic insight and globally integrated Risk Capital and Human Capital expertise to clients in over 120 countries. The company aims to shape decisions for the better, protecting and enriching lives worldwide through locally relevant solutions.

Aon plc and the National Center for the Middle Market (NCMM) have released a study titled 'Driving Growth: The Role of People, Risk, and Technology in Middle Market Success'. The research, conducted among financial decision-makers in the U.S. and Canada, reveals two key trends supporting middle market business growth: workforce dynamics and technology advancements.

Key findings include:

• High-growth businesses recognize their workforce as a vital differentiator, with 23% of technology and business services firms citing people as their key business model differentiator.
• 57% of high-growth businesses struggle to sustain competitive benefits offerings.
• 22% of businesses rank cybersecurity as their top organizational risk, with 48% experiencing a cyber breach in the past three years.
• 60% of middle market businesses have made progress in adopting AI, rising to 78% among high-growth firms.

The study aims to provide insights for middle market businesses to grow while mitigating risks in an evolving business landscape.

Aon and Marsh McLennan (NYSE: MMC) have called on the (re)insurance industry to support Ukraine's resilience by removing blanket exclusions and differentiating Ukraine from Russia and Belarus in risk assessments. The firms emphasize that this action would catalyze economic growth and strengthen Ukraine's foundations for a post-conflict economy.

Key points:

• Many global reinsurers have grouped risks from Ukraine, Russia, and Belarus together, limiting (re)insurance capital.
• Both companies are working with governments and organizations to support Ukraine's economy.
• Marsh McLennan expanded its public-private partnership to cover shipping to and from Ukraine's ports.
• Aon created a first-of-its-kind insurance program for war risk policies in Ukraine.
• The firms argue that data-driven risk assessment can enable more impactful insights for Ukraine's reconstruction.

Aon and Marsh McLennan have called on the (re)insurance industry to support Ukraine's resilience by removing blanket exclusions and providing essential insurance capital. The firms emphasize that current exclusions, which group Ukraine with Russia and Belarus, impede economic growth and ignore the diversity of risk within the country. They argue that data-driven risk assessment should guide (re)insurance decisions, recognizing Ukraine's efforts to align with free and democratic economies.

Both companies are actively working with governments and international organizations to support Ukraine's economy. Marsh McLennan has expanded its public-private partnership to cover shipping to and from Ukrainian ports, while Aon has created a war risk insurance program with the U.S. International Development Finance These initiatives aim to stimulate economic expansion and strengthen Ukraine's foundation for post-conflict reconstruction.

ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its data licensing agreement with Aon, a leading global professional services firm. The agreement now includes ICEYE's Flood Insights data globally and Wildfire Insights data for the US. Aon will incorporate this near real-time data into its event response capabilities for Reinsurance clients, facilitating loss analysis of catastrophic events.

ICEYE's NewSpace satellite constellation provides persistent monitoring with synthetic aperture radar (SAR) technology, offering uninterrupted visibility in any conditions. Hazard and damage data is made available within hours of an event, with regular updates as the situation develops. This collaboration aims to enhance clarity and confidence around the immediate financial impact of catastrophic events, enabling better business decisions for Aon's clients.

Aon plc (NYSE: AON) has launched its integrated Radford McLagan Compensation Database, enhancing analytics capabilities for Human Capital clients. This unified platform combines compensation and talent insights from financial services, life sciences, and technology sectors, covering over 8,000 client organizations and 30 million employees across 100+ countries.

The database offers expanded features including:

• Job Offers Data for tracking pay trends in AI, data science, and machine learning
• Location Analytics for comparing global talent metrics
• Talent Intelligence for predicting pay in data-scarce areas
• Talent Metrics for monitoring salary increases, turnover rates, and diversity statistics

The Q3 2024 Insurance Labor Market Study, conducted by The Jacobson Group and Aon (NYSE: AON), reveals that 86% of insurance carriers plan to increase or maintain staff size in the next 12 months. Key findings include:

- 52% plan to increase staff, 34% maintain, and 14% decrease
- Underwriting, claims, and technology roles are in highest demand
- 79% expect revenue growth in the next year
- 72% expect hybrid work schedules
- Recruiting difficulty has eased, but remains challenging for some roles
- Industry employment projected to increase by 0.58% in the next year

The study indicates a relatively stable insurance industry with modest job growth expected, despite slight easing in recruiting difficulty and slowing turnover.