Aon plc – Company Information
Aon plc is a multinational financial services company, based in London, England.
The company provides a range of professional services to customers in more than 120 countries around the world – through more than 500 offices.
Aon’s main services include insurance and reinsurance brokerage, outsourcing solutions, risk management, and human resource solutions, retail brokerage, retirement, compensation, and investment consulting.
It has a employee base of approximately 69,000 people.
The company was created in 1982, following a merger between the Ryan Insurance Group and the Combined Insurance Company of America. Although it was not until 1987 that the company was renamed Aon – a Gaelic word that means ‘oneness’.
During the 1980s and 1990s the company made a number of strategic acquisitions which helped drive Aon’s expansion and growth in the global insurance marketplace – acquiring some of the largest companies in the insurance and consulting.
Aon is comprised of three main business units:
Risk Solutions: risk management services and insurance products for individuals and businesses.
Benfield: reinsurance intermediary and full-service capital advisor.
Hewitt: provider of human capital and management consulting services.
According to the company, its aim is to be the world’s most responsive, client-focused insurance and consulting services company.”
- President and CEO: Gregory C. Case
- Chairman: Lester B. Knight
- Industry: Financial Services
- Type: Public
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: AON
- S&P 500 Component
- Founded: 1919
- Revenue: $12,045 billion USD (2014)
- Net income: $1,431 billion USD (2014)
- Diluted earnings per share: $4.66 USD (2014)
- Company head office: 8 Devonshire Square, London, England
- Employees: 69,000 (2014)
- Website: http://www.aon.com/
- Investor relations contact number: (312) 381-3310
- Investor relations email: [email protected]
Aon plc Financial Results, Years Ended December 31
|Revenue (in $ millions)||2014||2013|
|Commissions, fees and other||$12,019||$11,787|
|Fiduciary investment income||$26||$28|
|– Total revenue||$12,045||$11,815|
|Expenses (in $ millions)|
|Compensation and benefits||$7,014||$6,945|
|Other general expenses||$3,065||$3,199|
|– Total operating expenses||$10,079||$10,144|
|Income (in $ millions)|
|Income before income taxes||$1,765||$1,538|
|Net income attributable to Aon shareholders||$1,397||$1,113|
|Balance sheet data (in $ millions)|
|Total Aon stockholders’ equity||$6,571||$8,145|
|Common share data (in $)|
|Basic earnings per share||$4.73||$3.57|
|Diluted earnings per share||$4.66||$3.53|
|Cash flow data (in $ millions)|
|Cash provided by operating activities||$1,642||$1,633|
|Cash provided by (used in) investing activities||$(545)||$(339)|
|Cash used in financing activities||$(1,133)||$(1,016)|
|Cash and cash equivalents at end of year||$477||$291|
|Cash and cash equivalents at end of year||$374||$477|
Source: “Aon plc Form 10-K 2014”