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.”



Overview

Aon plc logo

  • 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)20142013
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”