Aon plc, a British multinational corporation, is a leading provider of risk management, insurance brokerage, and human resource consulting services. Listed on the New York Stock Exchange (NYSE) under the ticker symbol AON, the company has established itself as a major player in the global professional services industry. With a rich history dating back to 1982, Aon has evolved through strategic acquisitions and expansions to become one of the largest insurance brokerage firms in the world.
Aon’s Business Segments
Aon operates through three primary business segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. The Commercial Risk Solutions segment offers a range of risk management services, including property and casualty insurance, to businesses and organizations. The Reinsurance Solutions segment provides reinsurance brokerage and advisory services to insurance companies, while the Health Solutions segment offers health and benefits consulting services to employers and organizations.
Commercial Risk Solutions
The Commercial Risk Solutions segment is Aon’s largest business segment, accounting for approximately 60% of the company’s total revenue. This segment provides a comprehensive range of risk management services, including property insurance, casualty insurance, and cyber insurance, to businesses and organizations across various industries. Aon’s team of experienced risk management professionals works closely with clients to assess and mitigate potential risks, ensuring that they have the right insurance coverage to protect their assets and operations.
| Business Segment | Revenue (2022) |
|---|---|
| Commercial Risk Solutions | $6.3 billion |
| Reinsurance Solutions | $2.5 billion |
| Health Solutions | $1.8 billion |
Financial Performance
Aon has consistently delivered strong financial performance over the years, with revenue growth driven by a combination of organic expansion and strategic acquisitions. In 2022, the company reported total revenue of 11.6 billion, representing a 5% increase from the previous year. Aon's net income for 2022 was 1.3 billion, with a net margin of 11.1%. The company’s strong financial performance has enabled it to invest in new technologies and talent, further enhancing its capabilities and competitiveness in the market.
Strategic Acquisitions
Aon has a long history of making strategic acquisitions to expand its capabilities and strengthen its market position. In recent years, the company has acquired several businesses, including Willis Towers Watson, a leading global advisory, broking, and solutions company. This acquisition has significantly enhanced Aon’s capabilities in the areas of risk management, insurance brokerage, and human resource consulting, and has positioned the company for long-term growth and success.
- Aon acquired Willis Towers Watson in 2021 for $30 billion
- The acquisition created one of the largest insurance brokerage firms in the world
- The combined entity has a global presence, with operations in over 120 countries
What is Aon's primary business segment?
+Aon's primary business segment is Commercial Risk Solutions, which accounts for approximately 60% of the company's total revenue.
What was Aon's total revenue in 2022?
+Aon's total revenue in 2022 was $11.6 billion.
What is Aon's ticker symbol on the New York Stock Exchange (NYSE)?
+Aon's ticker symbol on the NYSE is AON.
In conclusion, Aon is a leading provider of risk management, insurance brokerage, and human resource consulting services, with a strong presence in the global professional services industry. The company’s Commercial Risk Solutions segment is its largest business segment, and its strategic acquisitions have significantly enhanced its capabilities and competitiveness in the market. With a strong financial performance and a commitment to innovation and customer service, Aon is well-positioned for long-term growth and success.
