Earnings summaries and quarterly performance for Aon.
Executive leadership at Aon.
Gregory C. Case
Detailed
Chief Executive Officer and President
CEO
DZ
Darren Zeidel
Detailed
Executive Vice President, General Counsel and Company Secretary
DD
David DeBrunner
Detailed
Senior Vice President, Global Controller and Chief Accounting Officer
ER
Edmund Reese
Detailed
Executive Vice President and Chief Financial Officer
LS
Lisa Stevens
Detailed
Executive Vice President and Chief Administrative Officer
MS
Mindy Simon
Detailed
Chief Operating Officer
Board of directors at Aon.
AJ
Admiral James G. Stavridis
Detailed
Director
AK
Adriana Karaboutis
Detailed
Director
BO
Byron O. Spruell
Detailed
Director
CA
Cheryl A. Francis
Detailed
Director
GS
Gloria Santona
Detailed
Director
JC
Jeffrey C. Campbell
Detailed
Director
JC
Jin-Yong Cai
Detailed
Director
JA
Jo Ann Jenkins
Detailed
Director
JA
Jose Antonio Álvarez
Detailed
Director
LB
Lester B. Knight
Detailed
Chair of the Board
RC
Richard C. Notebaert
Detailed
Director
SE
Sarah E. Smith
Detailed
Director
Research analysts who have asked questions during Aon earnings calls.
AK
Andrew Kligerman
TD Cowen
5 questions for AON
Also covers: ABL, ACGL, AJG +21 more
David Motemaden
Evercore ISI
5 questions for AON
Also covers: ACGL, AJG, ALL +16 more
EG
Elyse Greenspan
Wells Fargo
5 questions for AON
Also covers: ACGL, AFL, AHL +30 more
RC
Robert Cox
The Goldman Sachs Group, Inc.
4 questions for AON
Also covers: AHL, AIG, AJG +12 more
JB
Jamminder Bhullar
JPMorgan Chase & Co.
3 questions for AON
Also covers: ACGL, AFL, ALL +13 more
Meyer Shields
Keefe, Bruyette & Woods
3 questions for AON
Also covers: ACGL, AFG, AIG +24 more
JB
Jimmy Bhullar
JPMorgan Chase & Co.
2 questions for AON
Also covers: ACGL, AFL, ALL +10 more
Michael Zaremski
BMO Capital Markets
2 questions for AON
Also covers: ACGL, AFG, AIG +25 more
Alex Scott
Barclays PLC
1 question for AON
Also covers: ACGL, AFL, AIG +29 more
CM
Cave Montazeri
Deutsche Bank
1 question for AON
Also covers: ACGL, AHL, AJG +4 more
Dean Criscitiello
Keefe, Bruyette & Woods
1 question for AON
Also covers: AJG, AXS, BOW +2 more
Grace Carter
BofA Securities
1 question for AON
Also covers: AJG, BRO, CINF +3 more
JP
Jon Paul Newsome
Piper Sandler & Co.
1 question for AON
Also covers: AFG, AIG, BOW +15 more
Recent press releases and 8-K filings for AON.
Aon expands Data Center Lifecycle Insurance Program to $2.5 billion
AON
Product Launch
New Projects/Investments
- Aon has expanded its Data Center Lifecycle Insurance Program (DCLP) by $1 billion, raising total capacity to $2.5 billion to meet growing risk complexity in cloud, AI and digital infrastructure projects.
- The program unifies construction, cyber, cargo and operational risks into a single, coordinated solution, streamlining capacity for Construction All Risks, Delay in Start-Up and Operational Property Damage/Business Interruption.
- Key coverages include up to $400 million for cyber and tech E&O, $100 million in third-party liability (ex-U.S.), and $500 million in project cargo insurance, supported by integrated risk engineering and analytics.
18 hours ago
Aon unveils GLP-1 study showing cost savings and reduced cancer risk
AON
- Sustained GLP-1 therapy users saw 6 percentage points lower medical cost growth at 30 months (diabetes) and 9 points lower with ≥80% adherence; weight-loss users had 3 points lower growth at 18 months and 7 points lower with consistent use.
- Female GLP-1 users experienced ≈50% fewer ovarian cancer cases, ≈14% fewer breast cancer cases, and 47% fewer MACE hospitalizations (≥80% adherence) versus non-users; male users saw a 26% MACE reduction.
- Aon projects 9.5% U.S. employer healthcare cost growth in 2026; prescription drugs rising 13–15%, with GLP-1s now accounting for ≈20% of drug spend and up 50% in 2025.
- Analysis covers July 2022–March 2025 claims from over 50 million commercial lives, including 192,000 GLP-1 users, demonstrating both financial and clinical benefits.
1 day ago
Aon outlines growth strategy, financial targets at Goldman Sachs conference
AON
Guidance Update
M&A
Share Buyback
- Aon achieved 6% organic revenue growth and 10% earnings growth in 2024, with similar results through nine months of 2025 (6% organic, 9% earnings) and 13% YTD free cash flow growth.
- The firm’s 3x3 Plan emphasizes Risk Capital, Human Capital and Aon Business Services to drive mid-single-digit or greater organic growth, with net market impact contributing ~1 ppt overall, including ~2 ppt in Human Capital.
- Aon targets 80–90 bps of adjusted operating margin expansion in 2025 and 70–100 bps ongoing annually through scale benefits (ABS), expense discipline and portfolio management, while preserving 40–60 bps for reinvestment in growth.
- Management plans to deploy $5.6 B for M&A and share repurchases, bolstered by over $2 B of NFP Wealth sale proceeds, aims to reduce leverage to 2.8–3.0x by year-end (3.2x at Q3) and has repurchased $750 M of shares YTD.
Dec 10, 2025, 6:00 PM
Aon details strategic plan and strong execution at Goldman Sachs conference
AON
Guidance Update
- Aon delivered 6% organic revenue growth and 10% earnings growth in 2024, and through nine months of 2025 achieved 6% organic growth, 9% earnings growth and 13% free cash flow growth year-to-date.
- The company’s “three-by-three” plan (2024–2026) focuses on integrating Risk Capital and Human Capital capabilities, expanding its client-centric model via Aon Client Leadership (including the Enterprise Client Group), all underpinned by Aon Business Services (ABS).
- Aon targets 80–90 basis points of adjusted operating margin expansion in 2025 and 70–100 basis points annually thereafter, driven by scale from ABS, ongoing expense discipline and active portfolio management.
- As of Q3 2025, Aon’s leverage stood at 3.2×, with a year-end target of 2.8–3.0×; the firm has $5.6 billion available for M&A and buybacks, repurchased $750 million of shares year-to-date and generated over $2 billion from the sale of NFP Wealth.
Dec 10, 2025, 6:00 PM
Aon outlines 2025 strategy execution and capital priorities
AON
Guidance Update
M&A
Share Buyback
- Aon reported 6% organic revenue growth and 10% earnings growth in 2024; through nine months of 2025 it sustained 6% organic growth, 9% earnings growth, and 13% free cash flow growth as it executes its three-by-three “Aon United” plan across Risk Capital, Human Capital, Client Leadership and ABS.
- The firm has a track record of 120 bps annual margin expansion over the past decade and expects 80–90 bps of margin accretion in the current year, driven by ABS scale benefits, ongoing expense discipline, portfolio management, and reinvestment capacity.
- Integration of the NFP acquisition is on track: $80 million of revenue synergies in 2025 and $175 million in 2026, supported by strong producer retention and $36 million of tuck-in deals in 2024 (with $32 million YTD in 2025).
- Aon is leveraging its expertise in advising one-third of U.S. data centers and has launched a Data Center Lifecycle Program; it is also embedding AI across its solutions—achieving 5–10% back-office productivity gains and maintaining tech CapEx at 1.5–2% of revenue.
- The company holds $5.6 billion available for M&A and buybacks (plus $2 billion from the NFP Wealth sale), is reducing leverage toward 2.8–3.0× (3.2× at Q3), and has repurchased $750 million of shares YTD.
Dec 10, 2025, 6:00 PM
Aon reports Q3 2025 earnings beat with 7% organic revenue growth
AON
Earnings
Revenue Acceleration/Inflection
- Aon achieved $4 billion in total revenue, up 7% year-over-year and surpassing analyst expectations.
- Adjusted EPS rose 12% to $3.05, while adjusted operating income increased 15% to $1.05 billion.
- The company delivered 7% organic revenue growth across Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions.
- Free cash flow for the first nine months rose 13% to $1.9 billion, driven by robust operating income and cost management.
- Management reaffirmed full-year guidance for mid-single-digit or greater organic revenue growth, citing balanced contributions across segments.
Oct 31, 2025, 6:58 PM
Aon reports Q3 2025 results
AON
Earnings
Guidance Update
- Organic revenue growth of 7% year-over-year to $3,997 million in Q3’25.
- Adjusted operating margin expanded by 170 bps to 26.3% in the quarter.
- Adjusted EPS rose 12% to $3.05 per share in Q3’25.
- Free cash flow increased 13% to $1,079 million in the quarter.
- Company remains on track to meet full-year 2025 targets and expects to enter 2026 with strong momentum.
Oct 31, 2025, 12:30 PM
Aon reports Q3 2025 results
AON
Earnings
Guidance Update
Share Buyback
- Aon delivered 7% organic revenue growth in Q3 and 7% total revenue growth to $4.0 billion, with an adjusted operating margin of 26.3%, $3.05 adjusted EPS, and 13% free cash flow increase to $1.1 billion.
- Execution of the Aon United and 3×3 plan drove broad-based growth across commercial risk, M&A services, construction, reinsurance, health solutions, and wealth management, supported by advanced analytics and a 6% increase in revenue-generating hires year to date.
- Capital position strengthened by the $2 billion NFP wealth sale, continued debt reduction, and $411 million returned to shareholders in Q3 (including $250 million share repurchases); YTD buybacks total $750 million, targeting $1 billion, with leverage at 3.2×, set to reach 2.8–3.0× by year-end.
- Reaffirmed full-year 2025 guidance: mid-single-digit organic revenue growth, 80–90 bps adjusted operating margin expansion, double-digit free cash flow growth, and 7–9% adjusted EPS growth in Q4, with an effective tax rate of 19.5–20.5%.
Oct 31, 2025, 12:30 PM
Aon reports Q3 2025 results
AON
Earnings
Share Buyback
Guidance Update
- Aon delivered 7% organic revenue growth, with total revenue of $4.0 billion, an adjusted operating margin of 26.3%, $3.05 adjusted EPS, and 13% free cash flow growth in Q3 2025.
- Generated $1.1 billion of free cash flow in Q3 (up 13% y/y), strengthening capital for strategic investments and shareholder returns.
- Returned $411 million to shareholders in the quarter, including $250 million in share repurchases; leverage reduced to 3.2×, on track for full-year $1 billion buybacks.
- Reaffirmed full-year 2025 guidance: mid-single-digit or greater organic revenue growth, 80–90 bps margin expansion, 7–9% Q4 EPS growth, and double-digit free cash flow increase.
Oct 31, 2025, 12:30 PM
Aon announces Q3 2025 results
AON
Earnings
Share Buyback
Guidance Update
- Delivered 7% organic revenue growth, total revenue of $4.0 billion, 26.3% adjusted operating margin, $3.05 adjusted EPS, and 13% free cash flow growth in Q3 2025.
- Sold NFP Wealth for over $2 billion, reduced net leverage to 3.2×, and returned $411 million to shareholders in the quarter (including $250 million in share repurchases), on track for $1 billion buybacks in 2025.
- Completed $32 million in acquired EBITDA through middle-market tuck-in deals via NFP and expects $35–40 million more by year-end.
- Reaffirmed full-year 2025 guidance: mid-single-digit+ organic growth, 80–90 bps margin expansion, 19.5–20.5% effective tax rate, 7–9% Q4 adjusted EPS growth, and double-digit free cash flow growth.
Oct 31, 2025, 12:30 PM
Quarterly earnings call transcripts for Aon.
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