Aon Plc Stock Price, News & Analysis

Aon plc (NYSE: AON) will announce its first quarter 2022 results on April 29, 2022, at 5:00 am Central Time. CEO Greg Case will host a conference call at 7:30 am Central Time the same day, which will be streamed live via Aon's website. A replay of the call will be available shortly after. The earnings release and related presentation will also be accessible online.

Aon operates in over 120 countries, providing clients with insights and solutions to help them make informed decisions for business growth and protection.

Aon plc and CHASM Advanced Materials, Inc. have finalized a $25 million intellectual property-based funding arrangement. Aon's IP Solutions team utilized proprietary IP valuation tools and a collateral protection insurance policy to create an IP-collateralized debt structure, enabling CHASM to secure additional capital at a crucial time for its expansion in various high-demand sectors, including printed electronics and advanced membranes. This collaboration highlights the importance of leveraging intellectual property in accessing growth funding.

Boost Insurance has appointed Jim Ermilio as an Independent Director, bringing over 20 years of leadership experience in insurance. Formerly President of CoverWallet, Ermilio's insights are expected to drive growth as Boost, a leader in insurtech infrastructure, doubles its customer base and employee count over the past year. Notably, Boost launched the first crypto insurance product for retail wallet holders in February 2022, highlighting its innovative approach to the insurance market.

Aon plc (NYSE: AON) has acquired Tyche, an actuarial software platform from RPC Tyche, enhancing its capabilities for re/insurers. This acquisition enables Aon to offer a unified technology platform that integrates capital modeling, pricing, and reserving solutions for both life and non-life insurance sectors. Nick Frankland, chair of Aon's insurance consulting team, emphasized the opportunity to provide significant value to clients facing complex risks. Tyche, known for its risk and capital modeling software, will contribute nearly 140 employees to Aon.

Aon plc (NYSE: AON) announced a $7.5 billion increase in its share repurchase program, raising total authorization to approximately $9.2 billion. This comes alongside a 10% increase in its quarterly cash dividend to $0.56 per share. CEO Greg Case emphasized the company’s confidence in its Aon United strategy and strong free cash flow generation, aiming to maximize total returns for shareholders.

Aon plc reported a 4% revenue increase to $3.1 billion in Q4 2021, with 10% organic revenue growth. EPS rose 72% to $3.90. However, full-year revenue also increased 10% to $12.2 billion while EPS decreased 34% to $5.55. The operating margin dropped 800 basis points to 17.1%, although adjusted operating margin improved 160 basis points to 30.1%. Aon repurchased 12.4 million shares for $3.5 billion throughout 2021. CEO Greg Case emphasized confidence in future growth driven by their Aon United strategy.

According to Aon's 2021 Weather, Climate and Catastrophe Insight report, global economic losses from natural disasters reached $343 billion in 2021, up from $297 billion in 2020. Only 38% of these losses were covered by insurance, revealing a persistent protection gap. The report notes 401 notable disaster events occurred, with the European floods being the costliest at $46 billion. The need for improved risk assessment and innovative solutions, such as AI, is emphasized as climate-related risks intensify.

Metropolitan Tower Life Insurance Company, a MetLife subsidiary, has completed its first longevity reinsurance transaction involving a U.K. pension scheme, covering approximately $3.5 billion in liabilities. This milestone, facilitated by Aon and utilizing Zurich as an intermediary, is pivotal for MetLife's growth in the U.K. longevity reinsurance market. The deal reflects MetLife's commitment to innovation and collaboration with key partners to support pension de-risking during uncertain times. Analysts view this as a significant addition to the reinsurance capacity in the market.

Aon plc (NYSE: AON) announced a quarterly cash dividend of $0.51 per share on Class A Ordinary Shares, payable on February 15, 2022, to shareholders of record on February 1, 2022. This decision reflects Aon's commitment to returning value to shareholders, ensuring continued trust and investment confidence. Operating in over 120 countries, Aon provides global professional services that support business decision-making.