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
- 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) | ||
| 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”