Aon plc – Company Information

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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.”

Overview

Aon plc logo


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)
Interest income $1,966 $1,671
Interest income $10 $9
Other income $(255) $(210)
Income before income taxes $1,765 $1,538
Net income $1,431 $1,148
Net income attributable to Aon shareholders $1,397 $1,113
Balance sheet data (in $ millions)
Total assets $29,772 $30,251
Long-term debt $4,799 $3,686
Total liabilities $23,141 $22,056
Total Aon stockholders’ equity $6,571 $8,145
Total equity $6,631 $8,195
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”


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