Aon plc - AON STOCK NEWS

Aon plc (NYSE: AON) will announce its fourth quarter and full year 2022 results on February 3, 2023, at 5:00 am Central Time. CEO Greg Case will host a conference call at 7:30 am Central Time on the same day. The event will be streamed live on Aon's website, where the earnings release and supplemental slide presentation will also be available. This announcement marks an important event for investors, providing insights into Aon's financial performance and future outlook.

Legal & General Retirement America (LGRA) has successfully completed a $145 million pension risk transfer transaction with Rolls-Royce North America, benefiting approximately 1,200 plan participants. The deal, finalized in July, signifies LGRA's strength in the U.S. PRT market, following its largest first half to date. Aon advised Rolls-Royce on this transaction, which enhances the pension security for participants while de-risking Rolls-Royce's balance sheet, bolstering business stability.

Aon plc (NYSE: AON) announced that Minjee Lee has won the 2022 Aon Risk Reward Challenge, receiving a $1 million prize for her exceptional decision-making on challenging holes in the LPGA Tour. Lee's performance included two wins this season, notably the U.S. Women's Open, placing her third in the Race to the CME Globe. Her strategic play allowed her to hit the green 58% of the time on Challenge holes, averaging approach shots 16 feet closer than the Tour average. Aon's partnership with the LPGA emphasizes gender equity in sports.

Accenture, Aon, and Zurich North America launched the 8th Annual National Apprenticeship Week, highlighting the growth of apprenticeship programs to create diverse talent pipelines in various sectors. Notable attendees included government officials discussing ways to scale apprenticeships nationwide, which have onboarded nearly 1,500 apprentices since 2017. The event emphasized the role of apprenticeships in fostering sustainable careers, with Aon having invested $30 million to create 10,000 apprenticeships by 2030. The initiative aims to enhance workforce inclusivity and accessibility to training.

Aon plc (NYSE: AON) announced the acquisition of ERN, a leader in risk assessment modeling based in Mexico, to enhance its catastrophe modeling and consultancy in Latin America. This strategic move aims to address key challenges faced by insurers, including rising costs of natural disasters and climate volatility. Aon aims to provide tailored risk assessments to differentiate clients in a tightening reinsurance market. The acquisition expands Aon's modeling capabilities in earthquake and hurricane risks, crucial for the region, which has seen $64.4 billion in insured losses over the past decade.

Leia Inc. has secured $125 million in growth credit financing from a fund managed by Aon Advantage Funds, bolstered by Aon’s IP Solutions and insurance brokerage services. Aon’s strategy focuses on providing low-dilution growth capital to IP-rich businesses, which will help Leia enhance its intellectual property portfolio and drive innovation. This partnership aims to democratize access to 3D technology, allowing Leia to scale its operations globally and solidify its market presence.

Anonos has announced the acquisition of Berlin-based Statice GmbH, a synthetic data software provider, enhancing its ability to protect data privacy across testing and production use cases. This acquisition comes alongside a recent $50 million growth financing deal led by Aon. Statice's technology generates privacy-preserving synthetic data, allowing organizations to use more data confidently while adhering to stringent data privacy regulations. Statice’s team joins Anonos, expanding their workforce to 65, with the goal of improving data-driven initiatives and data protection solutions.

Aon plc reported its third quarter results for 2022, showing total revenue flat at $2.7 billion, with a 5% organic growth. Key metrics include a significant rise in EPS to $1.92, marking a 148% increase, alongside a strong operating margin of 21.9%.

Cash flows from operations surged 74% to $2.177 billion. Notably, Aon repurchased 4.2 million shares for $1.2 billion and established new strategic groups to enhance its offerings. While foreign currency impacts were observed, the overall performance reflects positive momentum in its core business areas.