Aon plc - AON STOCK NEWS

Aon reported a 13% increase in total revenue for Q3 2021, reaching $2.7 billion, driven by 12% organic revenue growth. Adjusted EPS rose 14% to $1.74, influenced by favorable foreign currency translation. However, net income saw a loss of $900 million, with a significant decline in operating margin to (29.6)%. Cash flows from operations decreased by 38% to $1.25 billion, impacted largely by a $1 billion termination fee related to the combination with Willis Towers Watson. The company repurchased 4.4 million shares for $1.3 billion and announced the Aon United Growth Ownership Plan.

Aon plc (NYSE: AON) has released its 2021 Global Risk Management Survey, highlighting cyber risk as the primary global risk for organizations, influenced by the COVID-19 pandemic's impact on business operations. The survey, conducted with over 2,300 professionals from 60 countries, reveals a shift towards impact-based risk assessments. Key risks include business interruption, economic slowdown, and commodity price risk. The findings emphasize the need for companies to adapt their risk management strategies to address interconnected long-tail risks in a volatile environment.

Aon plc (NYSE: AON) has partnered with Kovrr to enhance cyber risk quantification and analysis of reinsurance treaties. This collaboration integrates Kovrr's impact-based modeling framework into Aon's ReMetrica capital modeling software, addressing the rising demand for data-driven insights on cyber exposures. According to Aon, the cyber insurance sector is currently facing significant challenges, including high rate increases and ransomware claims. The partnership aims to provide clients with improved tools for understanding cyber risks and optimizing insurance portfolios.

The recent study by CyberCube, AM Best, and Aon highlights significant cyber risks in the US property insurance market, potentially leading to non-physical damage losses of $12.5bn. This magnitude of loss could impact the capital adequacy ratio of 18 US property insurers. The study analyzed 579 insurers, revealing that several experienced declines in their Best's Capital Adequacy Ratio (BCAR). Despite manageable current cyber risks, anticipated growth may challenge the industry's ability to manage exposures. Recommendations include clearer underwriting and pricing for cyber coverage.

Aon plc (NYSE: AON) announced a quarterly cash dividend of $0.51 per share on Class A Ordinary Shares, payable on November 15, 2021, to shareholders on record by November 1, 2021. This dividend underscores Aon's commitment to returning value to shareholders, reflecting the company's strong financial performance and confidence in future growth. Aon provides professional services globally, assisting clients across over 120 countries in making informed decisions for business protection and growth.

Aon plc (NYSE: AON) will announce its third quarter 2021 results on October 29, 2021, at 5:00 am Central Time. CEO Greg Case will host a conference call on the same day at 7:30 am Central Time, available via Aon's website. A replay will be accessible shortly after the live event. The earnings release and supplemental materials will also be posted online.

Aon serves clients in over 120 countries, aiming to provide clarity and confidence in business decisions.

BrainScope, a medical neurotechnology company, has announced a funding arrangement with Aon plc providing up to $35 million to expand its commercial activities and develop new clinical applications. This partnership aims to leverage Aon's intellectual property expertise to facilitate BrainScope's growth without diluting current equity. BrainScope's technology, which rapidly assesses brain injuries, is critical as over four million patients seek care for mild traumatic brain injuries annually. The funding will enhance access to BrainScope's diagnostics in hospitals and concussion centers.

Aon's recent survey indicates a surge in executive optimism, with nearly 90% of respondents expecting improved business conditions in the coming year. Conducted with 800 C-suite leaders across North America and Europe, 79% expect growth, and 40% foresee double-digit revenue increases. The pandemic has heightened awareness of interconnected risks, leading 80% of leaders to embrace calculated risk-taking. However, a divide exists in perceived preparedness between C-suite and lower executives, with only 12% of C-suite leaders feeling unprepared, compared to 22% of other senior executives.