Aon is a leading global professional services firm that provides a wide range of risk, retirement, and health solutions to clients. With a history dating back to 1982, Aon has established itself as one of the largest insurance brokerage and consulting firms in the world. The company is headquartered in London, United Kingdom, and is listed on the New York Stock Exchange (NYSE) under the ticker symbol AON.
History and Evolution of Aon
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 through strategic acquisitions and mergers, expanding its portfolio of services and geographic footprint. In 1997, Aon acquired Alexander & Alexander Services, Inc., which significantly enhanced its insurance brokerage capabilities. This was followed by the acquisition of Hewitt Associates in 2010, which strengthened Aon’s position in the human capital consulting market.
Key Services Offered by Aon
Aon provides a broad range of services to clients across various industries, including:
- Risk Management: Aon’s risk management services help clients identify, assess, and mitigate risks through insurance brokerage, risk consulting, and captive management.
- Retirement Consulting: The company’s retirement consulting services assist clients in designing and managing retirement plans, including pension and defined contribution plans.
- Health Solutions: Aon’s health solutions business provides consulting services to clients on health and benefits strategies, including plan design, vendor management, and employee communications.
| Service Line | Description |
|---|---|
| Risk Management | Insurance brokerage, risk consulting, and captive management |
| Retirement Consulting | Retirement plan design, management, and consulting |
| Health Solutions | Health and benefits strategy consulting |
Industry Recognition and Awards
Aon has received numerous industry awards and recognition for its services and commitment to excellence. Some of the notable awards include:
- Best Insurance Broker: Aon has been named the Best Insurance Broker by various industry publications, including Business Insurance and Insurance Business America.
- World’s Most Admired Companies: Aon has been recognized as one of the World’s Most Admired Companies by Fortune magazine.
- Best Places to Work: The company has been named one of the Best Places to Work by various publications, including Fortune and the Human Rights Campaign.
Financial Performance and Growth
Aon has consistently demonstrated strong financial performance and growth over the years. The company’s revenue has grown significantly, driven by its expanding service portfolio and strategic acquisitions. In 2020, Aon reported revenues of 11.1 billion, with operating income of 2.3 billion.
Aon's strong financial performance and commitment to innovation have positioned the company for long-term growth and success. As the risk, retirement, and health landscapes continue to evolve, Aon is well-equipped to help clients navigate these complexities and achieve their goals.
What services does Aon offer to its clients?
+Aon provides a broad range of services to clients, including risk management, retirement consulting, and health solutions. The company’s services are designed to help clients manage risk, optimize retirement plans, and improve employee health and well-being.
What is Aon’s global presence?
+Aon has a significant global presence, with operations in over 120 countries. The company’s global reach enables it to provide tailored solutions to clients, regardless of their location or industry.
What awards and recognition has Aon received?
+Aon has received numerous industry awards and recognition for its services and commitment to excellence. Some of the notable awards include Best Insurance Broker, World’s Most Admired Companies, and Best Places to Work.
