Aon Plc Stock Price, News & Analysis

Aon's 19th annual Benefits Survey of Hospitals reveals significant improvements in U.S. hospital employee retention. Turnover rates have dramatically decreased, with only 7% of hospitals reporting increased nurse turnover (down from 62% in 2023), 5% for non-physician clinical positions (down from 41%), and 9% for physicians (down from 22%).

To address ongoing staffing challenges, hospitals have implemented various measures: 70% increased new hire pay, 69% enhanced sign-on bonuses, and 61% raised minimum wage scales. Healthcare costs per beneficiary rose 8.5% to $17,520 in 2024. The survey, covering over 3.3 million employees across 1,500 hospitals, also shows extensive benefits enhancements, with 70% improving voluntary benefits and 67% enhancing tuition reimbursement.

Aon's 2024 North America Pay Transparency Readiness Study reveals that 75% of employers are not prepared for upcoming pay transparency laws. These regulations will affect 14 U.S. states and four Canadian provinces by 2025, and all EU countries by 2026.

Key findings from the study of 626 U.S. employers show that only 51% have conducted independent pay equity analyses, with 84% of those identifying pay gaps. However, just 34% of employers who found inequities have allocated funds to address them. Only 18% of employers feel ready for pay transparency, with retail & e-commerce showing the highest readiness at 33%.

The study also reveals that 63% of employers don't communicate salary ranges to employees, though 81% publish ranges in job postings. The predicted average salary increase budget for 2025 is 4.6%, similar to 2024's 4.7%. Employee turnover in the first half of 2024 was 20.7%, with 11.8% leaving voluntarily.

Aon plc has appointed Anne Corona as CEO of Enterprise Clients and global chief commercial officer, effective January 1, 2025. This strategic move aims to enhance commercial capabilities through deeper alignment, data analytics integration, and global service excellence. Corona, who previously served as CEO of Asia Pacific, brings nearly 25 years of experience with Aon. In her new role, she will collaborate with Enterprise Client Group leaders and regional chief commercial officers to evolve Aon's Client Leadership strategy, focusing on delivering integrated solutions for client business protection and growth.

Aon plc has announced the successful renewal and expansion of its Aon Client Treaty (ACT) for 2025. The flagship London Market placement facility will increase its co-insurance capacity to 28.5%, up from 22.5% in 2024, marking its largest capacity increase since inception. The renewal includes three new market partners, with all existing partners renewing their participation and agreeing to a three-year letter of intent. QBE continues as the lead partner. Since 2016, over $3.5bn in gross written premium has been placed through ACT. A new ACT Client Dividend feature will be introduced in 2025, offering a 1.5% premium reduction on ACT-placed portions.

Jeeno Thitikul has won the 2024 Aon Risk Reward Challenge, securing a $1 million prize and the Aon Trophy. The Thai golfer demonstrated exceptional decision-making skills with +0.39 strokes gained on Challenge holes and a 35% go-for-green success rate. Thitikul's 2024 season included her third LPGA Tour victory and 11 top 10 finishes. The Challenge, now in its sixth season, is a unique competition across 30 regular season tournaments that highlights golf's best strategic decision makers. Players must compete in a minimum of 40 rounds throughout the season to qualify.

Aon has launched its Cyber Risk Analyzer, a digital application enabling risk managers to make data-driven decisions for mitigating cyber risk. The tool provides three key features: Loss Forecasting for modeling detailed loss scenarios, Exposure Assessment integrating with Aon's CyQu platform, and Total Cost of Risk Analysis combining loss forecasts with insurance options. This launch follows Aon's 2024 releases of Property, Casualty, D&O, and Health Risk analyzers, helping clients navigate complex cyber threats including ransomware, business interruption, insider threats, and data breaches.

Aon plc (NYSE: AON) has announced the acquisition of UK-based insurance broker Griffiths & Armour, which will operate as 'Griffiths & Armour, an Aon company'. The acquisition strengthens Aon's presence in the UK and Ireland, combining complementary capabilities. Griffiths & Armour brings approximately 200 employees and specializes in professional indemnity insurance and general insurance broking, with offices in Liverpool, Manchester, Dublin, and London. The transaction is expected to close in Q1 2025, subject to regulatory approvals. This strategic move aligns with Aon's global 3x3 Plan to accelerate its Aon United strategy.

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.