Aon Plc Stock Price, News & Analysis

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.

Aon's 2022 Executive Risk Survey highlights that 79% of C-suite leaders expect a recession, but only 35% feel very prepared. The report emphasizes that leaders making better decisions about risks are more equipped to navigate volatility. Key findings include: 62% of very prepared leaders have increased their risk appetite, 42% prioritize attracting top talent, and 49% focus on climate change. Despite economic challenges, prepared leaders believe in the interconnectedness of risks, viewing climate change as a potential opportunity for growth.

Anonos, a leader in data privacy technology, has secured $50 million in growth financing facilitated by Aon and led by GT Investment Partners. This funding will support the expansion of Anonos' Data Embassy platform, aimed at enhancing customer success and establishing global partnerships. With this raise, Anonos' total funding increases to $70 million. The technology allows organizations to utilize data while maintaining compliance with regulations like GDPR, offering a unique solution to the challenges of data privacy.

Aon plc (NYSE: AON) announced a quarterly cash dividend of $0.56 per share for outstanding Class A Ordinary Shares. This dividend will be payable on November 15, 2022, to shareholders of record as of November 1, 2022. Aon, a global professional services firm, operates in over 120 countries and aims to provide clients with the clarity and confidence needed to make informed decisions that protect and grow their businesses.