Aon Plc Stock Price, News & Analysis

Aon plc (NYSE: AON) has launched a new investment vehicle under Aon Advantage Funds to support innovative growth companies in North America, focusing on capital access through intellectual property (IP) valuation. M&G Investments has committed $300 million in capital to this initiative, enhancing Aon's leadership in the IP-backed lending sector. Aon has facilitated over $1 billion in financing through its IP Solutions group. The fund’s aim includes providing minimally or non-dilutive capital to businesses with transformative technologies, promoting societal impact through IP application.

The Semi-Annual U.S. Insurance Labor Market Study by The Jacobson Group and Aon reveals a robust hiring outlook for 2023, with 90% of respondents planning to maintain or expand their workforce. Key findings indicate that 67% of insurance carriers intend to hire more staff, especially in technology and underwriting roles. Furthermore, 79% of companies anticipate revenue growth, up 6% points from July 2022. Despite challenges including inflation and rising costs, 92% of firms are adopting hybrid work models, with plans for employee office attendance increasing. The study signifies a projected 1.67% rise in employment over the coming year.

Aon plc (NYSE: AON) reported a 2% increase in total revenue for the fourth quarter of 2022, reaching $3.1 billion, with 5% organic revenue growth. The operating margin rose to 32.3%, while earnings per share (EPS) decreased 19% to $3.14. In contrast, the full-year results showed total revenue up 2% to $12.5 billion and a significant 119% increase in net income per share to $12.14. Aon repurchased 2.3 million shares for approximately $675 million in Q4, contributing to a total repurchase of 11.1 million shares worth $3.2 billion in 2022. The firm also announced the acquisition of ERN, enhancing its risk assessment capabilities.

Aon plc (NYSE: AON) has released its 2023 Weather, Climate, and Catastrophe Insight report, revealing a $313 billion global economic loss from natural disasters in 2022, exceeding the 21st-century average by 4%. Insurance covered $132 billion of these losses, making 2022 the fifth-costliest year for insurers, primarily due to Hurricane Ian, which alone caused $52.5 billion in insured losses. The report highlights a 58% protection gap but notes improvements in risk mitigation strategies. Furthermore, heatwaves led to over 19,000 fatalities in Europe, emphasizing the impact of climate change.

Aon plc (NYSE: AON) has declared a quarterly cash dividend of $0.56 per share on Class A Ordinary Shares. The dividend, rewarding shareholders, is set to be paid on February 15, 2023, to those on record by February 1, 2023. This decision underscores Aon's commitment to returning value to its shareholders amidst its global advisory operations.

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.