Aon reports a mixed bag of quarterly results

Aon has published its financial results for the third quarter of 2024, reporting an increase in revenue and a decrease in income attributable to shareholders.

Here's how the global brokerage performed in the three months ended September 30:

Aon's net income came from its commercial risk solutions division, which contributed $1.85 billion in the third quarter. Meanwhile $870 million came from health solutions; $503 million from insurance solutions; and $499 million, wealth solutions. All four segments experienced Q3 revenue increases.

Commenting on the company's quarterly performance, Aon chief executive Greg Case (pictured) said: “Our global team delivered another quarter of excellent results in the third quarter, with organic revenue growing by 7%, including across all solution lines by 6 % or more, which contributed to improved operating margin and 17% growth in adjusted EPS (earnings per share).

“Our performance in the first three quarters positions us well to deliver full-year results in line with our financial guidance, and demonstrates the success of our 3×3 Program to deliver better customer solutions across risk finance and human resources, supported by Aon's business services. “

Regarding the decline in operating income, part of what contributed to Aon's results was the group's fulfillment of the NFP in April.

“As part of the acquisition, Aon incurred $35 million and $151 million in transaction and integration costs during the three and nine months ended September 30, 2024, respectively,” Aon noted. “Transaction costs include advisory, legal, accounting, regulatory, and other professional or consulting fees necessary to complete the acquisition.”

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