Welcome to our dedicated page for Aon Plc news (Ticker: AON), a resource for investors and traders seeking the latest updates and insights on Aon Plc stock.
Aon plc (NYSE: AON) generates a steady flow of news as a global professional services firm focused on Risk Capital and Human Capital. This news page aggregates company-specific announcements, regulatory updates and market-related communications so readers can track how Aon’s risk and people businesses evolve over time.
Investors and industry professionals can follow Aon’s earnings-related news, including quarterly and full-year results, which detail organic revenue growth, segment performance in Commercial Risk Solutions, Reinsurance Solutions, Health Solutions and Wealth Solutions, and commentary on margins, cash flow and capital allocation. Aon also issues regular announcements about its quarterly cash dividends on Class A ordinary shares and provides schedules for earnings releases and conference calls.
Beyond financial reporting, Aon’s news includes product and program developments, such as the expansion of its proprietary Data Center Lifecycle Insurance Program, which it positions as a multi-line insurance solution for data center projects. The company also highlights strategic portfolio moves, including the sale of a significant majority of certain NFP wealth businesses, and capital structure actions like the planned redemption and delisting of specific senior notes.
Aon’s communications further cover partnerships and brand initiatives, such as the Aon Risk Reward Challenge on the LPGA Tour, and research collaborations like the Semi-Annual U.S. Insurance Labor Market Study with The Jacobson Group. By reviewing these updates in one place, readers can see how Aon’s risk, reinsurance, health, wealth and analytic capabilities are reflected in its public disclosures and corporate actions over time.
The Q3 2024 Insurance Labor Market Study, conducted by The Jacobson Group and Aon (NYSE: AON), reveals that 86% of insurance carriers plan to increase or maintain staff size in the next 12 months. Key findings include:
- 52% plan to increase staff, 34% maintain, and 14% decrease
- Underwriting, claims, and technology roles are in highest demand
- 79% expect revenue growth in the next year
- 72% expect hybrid work schedules
- Recruiting difficulty has eased, but remains challenging for some roles
- Industry employment projected to increase by 0.58% in the next year
The study indicates a relatively stable insurance industry with modest job growth expected, despite slight easing in recruiting difficulty and slowing turnover.
Aon plc (NYSE: AON) has launched its Directors and Officers (D&O) Risk Analyzer, a digital tool for U.S.-listed public companies to assess and mitigate executive risks. This release joins Aon's Property Risk and Casualty Risk analyzers in a suite of analytics tools. The D&O Risk Analyzer offers:
- Real-time analytics for quantifying potential D&O losses
- Risk exposure and loss models
- Stock price drop analysis
- Total cost of risk visualizations
These features enable real-time loss forecasting and facilitate discussions between risk managers and brokers about potential risks. The tool aims to help clients make better decisions in an evolving risk landscape, particularly in light of rising litigation costs, market volatility, and changing regulatory frameworks.
Aon plc projects a 9% increase in U.S. employer-sponsored health care costs for 2025, with average costs expected to exceed $16,000 per employee. This increase is higher than the 6.4% rise experienced from 2023 to 2024. Key factors driving the surge include:
1. Elevated medical claims
2. Rising prescription drug costs, especially specialty drugs
3. Increased utilization of GLP-1 medications for diabetes and obesity
4. Inflation-driven wage increases in the healthcare sector
Employers are bearing the brunt of these cost increases, subsidizing about 81% of plan costs. The technology and communications industry faces the highest average employer cost increase at 7.4%. Aon's Health Risk Analyzer uses machine learning to help employers predict high-cost claimants and manage risks more effectively.
Aon plc (NYSE: AON) has announced the appointment of Admiral James Stavridis to its Board of Directors, effective Aug. 15, 2024. Admiral Stavridis, a retired four-star U.S. naval officer, brings extensive experience from his military career, including roles as Supreme Allied Commander at NATO and commander of U.S. Southern Command. He is currently Partner and Vice Chair, Global Affairs at Carlyle, a global investment firm. Admiral Stavridis also serves as chair of the Rockefeller Foundation's board of trustees and holds board positions with Fortinet, Inc. and other organizations. His appointment is expected to bring new insights to Aon's board as the company aims to deliver more value for clients, colleagues, and shareholders in an increasingly complex risk landscape.
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.
FAQ
What is the current stock price of Aon Plc (AON)?
What is the market cap of Aon Plc (AON)?
