Aon Company Profile and Performance

Aon is a global professional services firm that provides a wide range of services, including risk management, insurance, and human capital consulting.

The company was founded in 1982 by Patrick Ryan and is headquartered in London, with its largest office in Chicago.

Aon has grown significantly over the years, with a global workforce of over 50,000 employees and operations in more than 120 countries.

Aon's services are used by a diverse range of clients, from small businesses to large corporations and governments.

Aon plc is a company listed on the stock market, with its stock traded under the name AON Stock.

Aon plc is a company that provides services in the equities sector.

Aon plc is a multinational company with various group companies operating in different parts of the world.

Some of the notable group companies of Aon plc include Aon Insurance Managers (Malta) PCC Ltd., Aon France SA, and One Underwriting BV.

Aon Insurance Managers (Malta) PCC Ltd. is a Maltese company based in Pieta, Malta, that provides services in the Miscellaneous Commercial Services sector.

Aon France SA is a French company based in Paris, France, that provides insurance brokerage, consulting, and underwriting services.

Aon Nederland CV is a Dutch company based in Groningen, NL, that provides insurance brokerage, consulting, and underwriting services.

Here are some key details about Aon's group companies:

Aon's business operations are a testament to its commitment to innovation and efficiency. The company's global network of experts and cutting-edge technology enables it to provide tailored solutions to clients worldwide.

Aon's data-driven approach to risk management is a key aspect of its business operations, leveraging advanced analytics to help clients make informed decisions. This approach has led to significant cost savings and improved outcomes for clients.

Aon's global footprint allows it to operate in over 120 countries, making it a truly international business.

A company's sales by activity can give us a clear picture of their revenue streams. Aon plc, a leading insurance broker, has seen steady growth in its sales by activity over the years.

From 2019 to 2023, Aon's sales by activity increased from $11.01B to $13.38B. This is a significant growth of $2.37B in just four years.

Breaking down Aon's sales by activity, we see that insurance brokers have been a major contributor to their revenue. In fact, insurance brokers accounted for 100% of Aon's sales by activity in 2019, and this percentage remained consistent throughout the period.

Here's a breakdown of Aon's sales by activity from 2019 to 2023:

Note that the sales by activity figure is the only revenue stream mentioned in the article, and it has been steadily increasing over the years.

Improving competitive bidding is crucial for businesses to secure the best IT services contracts. This can be achieved by gaining insights into publicly disclosed contracts for companies like Aon Plc.

Aon Plc has publicly disclosed IT services contracts that include IT outsourcing, business process outsourcing, systems integration, and consulting services. These contracts provide valuable information for businesses looking to improve their competitive bidding strategies.

Businesses can use publicly disclosed contracts to identify trends and patterns in IT services contracts, which can help them make informed decisions when bidding on contracts.

Aon has made several major acquisitions over the years, significantly expanding its business operations.

The company's first major acquisition was the WedSafe Wedding Insurance program in 2007, which was acquired by Aon's Aon Affinity group.

Aon's acquisition of London-based Benfield Group in 2008 was a significant milestone, with a price tag of $1.75 billion and $170 million in debt.

In 2010, Aon acquired Hewitt Associates for $4.9 billion in cash and stock, expanding its services in the insurance industry.

Aon's acquisition of Glenrand MIB in 2011 marked its entry into the South African market, but financial terms were not disclosed.

The company's acquisition of Westfield Financial Corp. in 2011 brought on board the insurance-industry consulting firm Ward Financial Group.

Aon's acquisition of OmniPoint, Inc, a Workday consulting firm, in 2012 was another significant move, but financial terms were not disclosed.

In 2014, Aon acquired National Flood Services, Inc., a large processor of flood insurance, from Stoneriver Group, L.P.

Aon's acquisition of Stroz Friedberg LLC in 2016 added a specialized risk management firm focusing on cybersecurity to its services.

The company's acquisition of CoCubes in 2016 facilitated the hiring of entry-level engineering graduates through an online assessment platform.

Aon's acquisition of The Townsend Group in 2017 expanded its property investment management portfolio, with a purchase price of $475 million.

The company's attempted merger with Willis Towers Watson in 2020 would have created the world's largest insurance broker, but the deal was called off in July 2021.

Aon's acquisition of NFP in December 2023 marked a significant move into the middle-market provider of risk, benefits, wealth, and retirement plan advisory services.

Aon's acquisition of the technology assets and intellectual property of Humn.ai in March 2024 will enhance its commercial fleet proposition.

Aon's leadership team is comprised of experienced professionals who have been with the company for various lengths of time. Gregory Case has been the CEO since 2005, making him a long-standing figure in the company.

Gregory Case, 62, has been at the helm since 2005, while Eric Andersen took on the role of CEO from 2013 to 2013-09-30. Edmund Reese, Director of Finance/CFO, has been with the company since 2024-07-28, at the age of 50.

The leadership team includes a diverse range of roles, including Chief Operating Officer, Chief Administrative Officer, and Director of Finance/CFO. Here is an overview of some of the key members:

The Executive Committee plays a crucial role in shaping the direction of Aon plc. Gregory Case has been the CEO since March 31, 2005.

The CEO is responsible for making key strategic decisions, and in this case, Gregory Case has been at the helm for over 18 years. Eric Andersen took over as CEO on September 30, 2013.

A change in leadership can bring fresh perspectives and ideas, and Eric Andersen's tenure marked a new era for the company. Edmund Reese has been serving as the Director of Finance/CFO since July 28, 2024.

Having a strong finance team is essential for making informed business decisions, and Edmund Reese's expertise in this area has been invaluable. Mindy Simon has been serving as the Chief Operating Officer since October 9, 2022.

A Chief Operating Officer is responsible for overseeing the day-to-day operations of the company, and Mindy Simon's experience in this role has been instrumental in driving growth and efficiency.

Michael Neller has been serving as the Chief Administrative Officer since January 31, 2018.

Here is a brief overview of the Executive Committee:

The Board of Directors at Aon plc is made up of experienced professionals with diverse backgrounds and expertise. Lester Knight serves as the Chairman, a position he has held since July 31, 2008.

The Board has a mix of long-serving members and newer additions. Richard Notebaert, for instance, has been a Director since December 31, 1997, while Adriana Karaboutis joined the Board on September 7, 2022.

The average age of the Board members is around 69 years old, with the oldest member being 77-year-old Richard Notebaert. The youngest member is Byron Spruell, who is 60 years old.

Here is a breakdown of the Board members by age:

The Board has been in place for many years, with some members having served for over two decades. This continuity of leadership can be beneficial for the organization, as it allows for a deep understanding of the company's operations and goals.

Aon has had its share of regulatory and compliance issues. The company paid a $16.26 million penalty to the U.S. Securities and Exchange Commission and the U.S. Department of Justice for violations of the US Foreign Corrupt Practices Act.

Improper payments were made by Aon's subsidiaries to government officials and third-party facilitators in several countries between 1983 and 2007. These payments totaled over $3.6 million and were made to secure and maintain insurance contracts.

In January 2009, Aon was fined £5.69 million in the UK by the Financial Services Authority.

The fine related to Aon's inadequate bribery and corruption controls, which the Authority claimed had not been properly assessed between 14 January 2005 and 30 September 2007.

Aon's dealings with overseas firms and individuals were found to be at risk due to inadequate controls.

The Financial Services Authority did not find that any money had actually made its way to illegal organisations.

Aon qualified for a 30% discount on the fine due to its cooperation with the investigation.

Aon's conduct was described as not deliberate, and the company has since strengthened and enhanced its controls around the usage of third parties.

Aon Corporation has faced significant regulatory challenges in the US, specifically with regards to the Foreign Corrupt Practices Act (FCPA).

In 2011, Aon paid a $16.26 million penalty to the US Securities and Exchange Commission and the US Department of Justice for FCPA violations.

The improper payments made by Aon's subsidiaries totaled over $3.6 million.

These payments were made to government officials and third-party facilitators in various countries between 1983 and 2007.

Aon's subsidiaries made these payments to obtain and retain insurance contracts.

The company cooperated with the investigation, which resulted in a 30% discount on the fine.

Aon has since strengthened its controls around the usage of third parties.

The company's conduct was not deliberate, according to Aon.

The improper payments were made in countries including Costa Rica, Egypt, Vietnam, Indonesia, the United Arab Emirates, Myanmar, and Bangladesh.

Aon has received numerous awards and recognition for its outstanding services and commitment to excellence. Aon was awarded Investment Consultancy of the Year and Fiduciary Manager of the Year at the FT's 2014 Pension and Investment Provider Awards.

Aon received a perfect score on the Human Rights Campaign's 2013 Corporate Equality Index, demonstrating its dedication to promoting equality and inclusivity in the workplace. This achievement highlights Aon's efforts to create a welcoming environment for all employees.

Aon was named to Working Mother's list of the 100 Best Companies for 2012, solidifying its reputation as a top employer. This recognition is a testament to Aon's commitment to supporting working mothers and promoting work-life balance.

Aon Risk Solutions was the most recommended broker in 2012 for service and expertise by middle market buyers in Business Insurance's Buyers Choice Awards. This achievement underscores Aon's ability to deliver exceptional service to its clients.

Aon Risk Solutions was also named Broker of the Year and Training Programme of the Year in 2012 by Insurance Times, further solidifying its reputation as a leading provider of insurance services.

Here are some notable awards and recognition received by Aon:

Aon Benfield was also recognized for its excellence in reinsurance broking, winning several awards in 2012, including Best European Reinsurance Broker of the Year.

Aon operates in a competitive landscape dominated by several large players. Aon Plc, the company in question, is headquartered in Ireland, Dublin, and has a significant presence in the market.

Marsh & McLennan Companies Inc, a major competitor, is based in the United States of America, with its headquarters in New York. This gives Marsh & McLennan a strong presence in the American market.

Aon's employee base of 50,000 is dwarfed by Marsh & McLennan's 85,000 employees, indicating a significant difference in scale between the two companies.

The competitive landscape is further complicated by the presence of other major players, including Willis Towers Watson PLC, Arthur J. Gallagher & Co, and Brown & Brown Inc, each with their own strengths and market presence.

Here's a brief overview of the key competitors:

The competitive landscape of the industry is shaped by a few key players, with Market Leader A holding a 35% market share, followed closely by Market Leader B with 28%.

Market Leader A's dominance is largely due to its strong brand recognition, with a 90% brand awareness rate among industry professionals.

Market Leader B, on the other hand, has a significant presence in the online space, with 75% of its sales coming from e-commerce channels.

The market is highly concentrated, with the top 5 players accounting for 85% of the market share.

The industry is also characterized by a high level of competition, with 60% of companies reporting intense competition in their respective markets.

Despite this, there are opportunities for new entrants to disrupt the market and gain a foothold, particularly in the emerging regions of Asia and Latin America.

Let's take a closer look at the competitive landscape of the industry by comparing some key players. Aon Plc is headquartered in Ireland, while Marsh & McLennan Companies Inc is based in the United States.

The headquarters of these companies are located in Dublin and New York, respectively. Aon Plc is a public entity with 50,000 employees, whereas Marsh & McLennan Companies Inc has 85,000 employees and is also a public entity.

Arthur J. Gallagher & Co, another public entity, has its headquarters in Rolling Meadows, Illinois, and employs 52,000 people. Willis Towers Watson PLC, a public entity with 48,000 employees, is based in London, England.

Here's a summary of the key parameters for each company:

Aon's stock price has been fluctuating, with a high of 378.52 and a low of 369.29.

The average volume of Aon's stock is 1.26 million shares. This is a significant amount, indicating a high level of trading activity.

Aon's market capitalization is a substantial 80.20 billion USD. This is a testament to the company's size and influence in the industry.

The company's price-to-earnings ratio (P/E) is 29.29, indicating that investors are willing to pay a premium for Aon's stock.

Here is a summary of Aon's key statistics:

Aon's next dividend payment is scheduled for February 14, 2025, with an ex-dividend date of February 3, 2025.

Aon has a diverse range of companies under its umbrella, each with its own unique focus and expertise.

Aon Insurance Managers (Malta) PCC Ltd. is a Maltese company based in Pieta, Malta, that provides commercial services.

Aon France SA is headquartered in Paris, France, and offers insurance brokerage, consulting, and underwriting services.

Aon Finland Oy is a subsidiary of Aon Plc, but unfortunately, no specific information is available about this company.

One Underwriting BV is an insurance agency based in Amsterdam, Netherlands, and is part of the larger Aon Plc group.

Aon Nederland CV is a leading advisor in risk, pension, and health solutions, based in Groningen, NL, and has been led by CEO Leonique van Houwelingen since 2022.

Here's a breakdown of Aon's subsidiaries: