Aon Plc Stock Price, News & Analysis

The Jacobson Group and Aon plc (NYSE: AON) will present the results of their Q3 2024 Insurance Labor Market Study in a free webinar on August 8, 2024. The study, conducted from July 8-28, surveyed insurance carriers across all sectors about their hiring and revenue plans for the next 12 months. Gregory P. Jacobson of The Jacobson Group and Jeff Rieder of Aon will discuss key findings, industry labor market trends, and staffing expectations for 2025.

The webinar aims to provide insights for insurers to remain competitive in the evolving talent marketplace. As financial performance for insurers improves, carriers are focusing on developing talent to build resilience and meet profitable growth objectives. The webinar is open to all insurance community members and registration is available online.

Aon reported Q2 2024 results with total revenue increasing 18% to $3.8 billion, including 6% organic revenue growth. Adjusted EPS rose 6% to $2.93, while GAAP EPS decreased 9% to $2.46. The company completed the $13 billion acquisition of NFP, a middle-market risk and benefits advisory firm. Key highlights include:

- Commercial Risk Solutions organic revenue grew 6%
- Reinsurance Solutions organic revenue up 7%
- Health Solutions organic revenue increased 6%
- Wealth Solutions organic revenue rose 9%
- Adjusted operating margin expanded 10 basis points to 27.4%
- Repurchased 0.8 million shares for ~$250 million

Aon's CEO Greg Case noted strong progress on the company's 3x3 plan and expressed optimism for the remainder of 2024 and long-term outlook.

Aon plc's Global Catastrophe Recap for the first half of 2024 reveals global economic losses from natural disasters totaled $117 billion, below the 21st-century average of $137 billion. Insured losses reached $58 billion, surpassing the average of $39 billion. The insurance protection gap reduced to 50%, largely due to high payouts for U.S. severe convective storm (SCS) damage. U.S. natural disasters accounted for 80% of global insured losses, reaching nearly $46 billion.

Key events include Japan's Noto earthquake ($17 billion in economic losses) and a U.S. SCS period in March ($4.7 billion in insured losses). The report highlights the need for increased insurance coverage in emerging markets and anticipates a potentially costly hurricane season in the second half of 2024.

Aon's Business Decision Maker Survey reveals that 72% of business leaders feel their companies aren't addressing megatrend risks fast enough. The survey, focusing on Trade, Technology, Weather, and Workforce trends, found that 86% of respondents believe addressing these challenges is crucial.

Key findings include:

• Trade: 74% report increased responsibility for supply chain functions
• Technology: 63% have measured ROI of cybersecurity initiatives
• Weather: 66% recognize climate issues require significant changes in business thinking
• Workforce: 57% have altered benefits to improve affordability and outcomes

The survey also highlighted regional differences in risk preparedness between the U.S. and Europe/UK. As risks become more interconnected, business leaders feel pressured to take on more responsibility in managing challenges like AI and climate risk.

Aon plc (NYSE: AON), a global professional services firm, has announced its plan to release second quarter 2024 financial results on Friday, July 26, 2024. The company will issue a news release at 5:00 am Central Time, followed by a conference call hosted by CEO Greg Case at 7:30 am Central Time. Investors and interested parties can access the live webcast of the conference call through Aon's website at www.aon.com. A replay of the webcast will be made available shortly after the live broadcast. Additionally, the earnings release and supplemental slide presentation will be accessible on the company's website for those seeking more detailed financial information.

Aon plc (NYSE: AON) has announced a quarterly cash dividend of $0.675 per share on its Class A Ordinary Shares. The dividend will be payable on August 15, 2024, to shareholders who are on record as of August 1, 2024.

Aon is a leading global professional services firm that provides clients in over 120 countries with risk and human capital solutions.

The company's services aim to protect and enrich lives through actionable analytic insights and globally integrated expertise.

SentinelOne and Aon have announced a strategic collaboration to enhance cyber risk management for insured clients. Aon will use SentinelOne's Singularity Platform to gather internal security data, aiding in better profiling and mitigating cyber risks. This partnership includes Aon’s cyber brokerage and incident response services, combining SentinelOne's AI-driven threat detection with Aon’s expertise. The collaboration aims to provide organizations with comprehensive tools to defend against cyber threats, improve risk data verification, and enhance security posture.

The Jacobson Group and Aon plc (NYSE: AON) have opened the Q3 2024 U.S. Insurance Labor Market Study for participation until July 28. This semi-annual study offers insights into insurance labor trends, essential for industry staffing outlooks. Gregory P. Jacobson, co-CEO of The Jacobson Group, emphasized the ongoing job growth and low unemployment in the insurance sector, despite cautious initial hiring plans. Jeff Rieder from Aon highlighted the industry's focus on talent development as financial performance stabilizes. The study is confidential, and participants will receive detailed results. A complimentary webinar discussing the results will be held on August 8, 2024. Industry members can register online to join.

Aon announced a $350 million insurance program with the U.S. International Development Finance (DFC) aimed at accelerating economic recovery and investment in Ukraine. This initiative includes a $50 million reinsurance facility to support war-related risks and a $300 million insurance capacity for Ukraine's healthcare and agriculture sectors.

U.S. Special Representative Penny Pritzker played a key role in garnering support from both the public and private sectors. Aon will collaborate with ARX, a Ukrainian subsidiary of Fairfax Financial, to build a war risk insurance portfolio for businesses in Ukraine. The program aims to attract new capital, ensure risk pricing, and promote private market participation for Ukraine's economic recovery.