Aon is a leading global professional services firm that provides a range of services, including risk, retirement, and health solutions. With a rich history dating back to 1982, Aon has established itself as a major player in the insurance and consulting industry. Here are 8 key facts to know about Aon today:
Aon’s History and Evolution
Aon was formed in 1982 through the merger of Ryan Insurance Group and Combined International Corporation. Over the years, the company has undergone significant transformations, including the acquisition of several major insurance brokers and consultants. In 2010, Aon acquired Hewitt Associates, a leading human resources consulting firm, and in 2018, it acquired Willis Towers Watson, another major insurance broker. These acquisitions have helped Aon expand its offerings and solidify its position as a leader in the industry.
Today, Aon is a global company with operations in over 120 countries and a workforce of more than 50,000 employees. The company is headquartered in London, UK, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol AON. Aon’s diversified business model has enabled it to navigate the complexities of the insurance and consulting industry, providing a range of services to clients across various sectors.
Aon’s Service Offerings
Aon provides a broad range of services to its clients, including risk management, retirement consulting, and health solutions. The company’s risk management services help clients assess and mitigate risks, while its retirement consulting services assist clients in designing and implementing retirement plans. Aon’s health solutions, on the other hand, focus on helping clients manage healthcare costs and improve employee well-being.
Some of Aon’s key service offerings include:
- Risk management and insurance broking
- Retirement consulting and pension administration
- Health and benefits consulting
- Investment consulting and management
- Data and analytics services
| Service Offering | Description |
|---|---|
| Risk Management | Helps clients assess and mitigate risks |
| Retirement Consulting | Assists clients in designing and implementing retirement plans |
| Health Solutions | Helps clients manage healthcare costs and improve employee well-being |
Aon’s Financial Performance
Aon has consistently delivered strong financial performance over the years, with revenues exceeding $10 billion in 2020. The company’s revenue growth has been driven by its expansion into new markets, as well as its strategic acquisitions. Aon’s operating margin has also been impressive, with the company achieving an operating margin of over 15% in 2020.
Aon’s financial performance is closely tied to its ability to attract and retain clients. The company’s client base includes some of the world’s largest and most complex organizations, and its ability to provide tailored solutions to these clients has been a key driver of its success.
Aon’s Industry Recognition
Aon has received numerous awards and recognition for its services and expertise. The company has been named as one of the best places to work by several publications, including Fortune magazine and the Human Rights Campaign. Aon has also been recognized for its diversity and inclusion initiatives, with the company being named as one of the most diverse and inclusive companies in the world.
Some of Aon’s notable awards and recognition include:
- Named as one of the best places to work by Fortune magazine
- Recognized as a leader in diversity and inclusion by the Human Rights Campaign
- Named as one of the most innovative companies in the world by Forbes magazine
What services does Aon provide to its clients?
+Aon provides a range of services to its clients, including risk management, retirement consulting, health solutions, investment consulting, and data and analytics services.
How has Aon’s financial performance been in recent years?
+Aon has consistently delivered strong financial performance over the years, with revenues exceeding $10 billion in 2020. The company’s operating margin has also been impressive, with an operating margin of over 15% in 2020.
