AON's Stock Analysis

Aon to Sell Majority of NFP's Wealth Business for $2.7 Billion

Aon plc has entered into a definitive agreement to sell a significant majority of the wealth businesses of its subsidiary, NFP Corp., to Madison Dearborn Partners for approximately $2.7 billion. The transaction, expected to close in late Q4 2025, will yield about $2.2 billion in after-tax cash proceeds for Aon. The businesses being sold include Wealthspire Advisors, Fiducient Advisors, and Newport Private Wealth, which collectively generated approximately $127 million in EBITDA for the trailing twelve months ending June 30, 2025.

The sale aligns with Aon's strategy to focus on its core Risk Capital and Human Capital capabilities. Aon aims to strengthen its capital position and enhance flexibility for future growth investments. Following the transaction, the acquired businesses will operate under a unified brand and will be led by current executives from Wealthspire Advisors and NFP. The financial impact on Aon's full-year 2025 results is not expected to be material.

Sep 03, 2025 07:01:10

Aon plc Appoints Jo Ann Jenkins to Board of Directors

Aon plc has expanded its Board of Directors to thirteen members with the appointment of Jo Ann Jenkins, effective August 15, 2025. Jenkins, who will serve until the 2026 annual general meeting, has been appointed to the Audit Committee and is recognized as an independent director under applicable standards. She previously held the position of CEO at AARP and has extensive experience in various leadership roles across government and nonprofit sectors.

Jenkins will receive compensation as a non-management director, which will be prorated based on her start date. The Company will also enter into a standard indemnity agreement with her. There are no reported arrangements or transactions between Jenkins and the Company that would require disclosure under relevant regulations.

Aug 04, 2025 16:31:22

Aon plc Appoints New Chief Accounting Officer David DeBrunner

Aon plc announced the appointment of David DeBrunner as Senior Vice President, Global Controller, and Chief Accounting Officer, effective September 15, 2025. DeBrunner, who has extensive experience in finance, will report to the Chief Financial Officer, Edmund Reese. He is currently the Vice President and Controller at Ally Financial Inc. and has held various senior roles in finance prior to that.

As part of his compensation package, DeBrunner will receive a base salary of $500,000 and be eligible for an annual incentive award starting in 2026. He will also receive a cash sign-on bonus of up to $2.1 million, contingent on his continued employment for at least two years. DeBrunner will succeed Michael Neller, who is transitioning to a new role within the company.

Jul 29, 2025 16:34:03

Aon Reports 11% Revenue Growth and Increased Shareholder Returns

Aon plc reported financial results for the second quarter of 2025, highlighting an 11% increase in total revenue to $4.2 billion, supported by 6% organic revenue growth. The company noted significant contributions from its Risk Capital and Human Capital segments, with net income attributable to shareholders rising 10% to $579 million. Adjusted earnings per share also saw a notable increase of 22%, reflecting the company's strong operational performance and effective cost management strategies.

The company generated strong free cash flow of $816 million for the first half of 2025, a 13% increase compared to the prior year. Aon continued its capital allocation strategy with $250 million used for share repurchases in the second quarter, leaving approximately $1.8 billion available under its repurchase program. The effective tax rate for the quarter decreased to 15.5%, contributing positively to the overall financial performance. Aon reaffirmed its confidence in meeting its full-year financial guidance.

Jul 25, 2025 06:01:09

Aon plc Extends Executive Agreement and Increases Share Incentives

On June 27, 2025, Aon Corporation, a subsidiary of Aon plc, amended its international assignment agreement with Gregory C. Case, extending the term from June 30, 2025, to June 30, 2026. This extension may impact executive stability and operational continuity within the company.

During the same day, Aon plc held its 2025 Annual General Meeting, where shareholders approved an amendment to the Aon plc 2011 Incentive Plan, increasing the maximum number of Class A Ordinary Shares available for issuance by 3,800,000. The amended plan also establishes a minimum vesting period of at least one year for equity awards, which could influence employee retention and motivation.

Jul 03, 2025 17:00:39

Aon Extends Executive Agreement and Increases Share Incentives

Aon Corporation has amended its international assignment agreement with Gregory C. Case, extending the term from June 30, 2025, to June 30, 2026. This amendment reflects the company's commitment to its leadership structure.

During the Annual General Meeting on June 27, 2025, shareholders approved an amendment to the Aon plc 2011 Incentive Plan, increasing the maximum number of Class A Ordinary Shares available for issuance by 3,800,000. The amended plan also introduces a minimum vesting period of one year for equity awards, which may affect future compensation strategies.

Jul 03, 2025 17:00:39

Aon Reports 16% Revenue Growth and Dividend Increase

Operating income for the quarter was $1.461 billion, with an operating margin of 30.9%. Adjusted operating income rose by 12% to $1.816 billion, though the adjusted operating margin decreased slightly to 38.4%. Aon’s total operating expenses increased by 25% to $3.3 billion, mainly due to the inclusion of expenses from its acquisition of NFP and investments in long-term growth. The company reaffirmed its guidance for 2025, anticipating continued organic revenue growth and increased free cash flow.

Apr 25, 2025 06:00:35

Aon Announces Leadership Transition and Strategic Advisory Role

Aon plc has announced the transition of Eric Andersen from president to a senior advisory role under CEO Greg Case, effective through June 2026. Andersen has been with the company for 28 years and has significantly contributed to the firm's Aon United strategy, which focuses on integrated offerings and innovative solutions for clients. His leadership has been acknowledged for enhancing Aon's capabilities in risk and human capital management.

In the transition, Greg Case will assume the role of president. Andersen expressed gratitude for his tenure and highlighted the firm's readiness for future growth, citing the successful execution of the 3x3 Plan and the integration of NFP. The announcement emphasizes the importance of Aon's strategic direction and the continued focus on delivering value to clients while acknowledging Andersen's contributions to the firm.

Mar 17, 2025 08:27:25

Aon Reports $15.7 Billion Revenue for Full Year 2024

Aon plc reported a total revenue increase of 23% to $4.1 billion for the fourth quarter of 2024, driven by a 6% organic revenue growth and contributions from the NFP acquisition. The company achieved a 44% increase in net income attributable to shareholders, reaching $716 million, with diluted earnings per share at $3.28. Adjusted earnings per share also rose by 14% to $4.42, showcasing strong performance across its Risk Capital and Human Capital segments, despite some unfavorable impacts from foreign currency translation.

However, Aon faced challenges with cash flow, as cash provided by operations decreased by 12% to $3.0 billion for the full year, and free cash flow fell by 11% to $2.8 billion. Operating expenses increased by 18% in the fourth quarter, primarily due to ongoing costs associated with the NFP acquisition and investments in growth. Additionally, the company's effective tax rate rose slightly to 17.6%, and there was a notable increase in interest expenses due to higher debt levels incurred from the NFP acquisition.

Jan 31, 2025 06:01:46

Aon Reports Strong Revenue Growth Amid Mixed Earnings Results

Aon plc reported a solid third quarter for 2024, showcasing total revenue of $3.7 billion, a 26% increase compared to the previous year, driven by 7% organic growth and contributions from recent acquisitions. The company also saw an increase in adjusted earnings per share, which rose by 17% to $2.72. Aon continued to invest in growth, completing six acquisitions and enhancing its data and analytics capabilities for clients. Additionally, the company repurchased shares worth approximately $300 million, reflecting confidence in its financial position.

However, despite the revenue growth, Aon faced challenges with net income, which decreased by 30% to $1.57 per share. The increase in operating expenses, largely due to the inclusion of costs from its recent acquisition of NFP, impacted profitability. Operating income fell by 10%, and the operating margin decreased significantly compared to the prior year. Furthermore, cash flows from operations decreased, indicating potential liquidity concerns moving forward. Overall, while Aon demonstrated strong revenue performance, the decline in net income and rising expenses warrant close attention.

Oct 25, 2024 06:01:44