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 Рthrough 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 Рacquiring 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‚Äôs 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) 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
РTotal 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”