ON publishes quarterly earnings
ON publishes quarterly earnings
Insurance News
Written by Terry Jangkwangco
Aon has released its interim earnings for the second quarter of 2024 – a period of “excellent” financial results, according to CEO Greg Case (pictured).
Below is the performance of Global Brokerage during the three months ended June 30:
measurement |
Q2 2024 |
Q2 2023 |
---|---|---|
he won |
$3.76 billion |
$3.18 billion |
Expenses |
$3.10 billion |
$2.34 billion |
Operating income |
$656 million |
$842 million |
Adjusted operating income |
$1.03 billion |
$867 million |
Net income attributable to Aon shareholders |
$524 million |
$560 million |
Of the quarterly revenue, $2.02 billion came from commercial risk solutions; $635 million from reinsurance solutions; $662 million from healthcare solutions; and $463 million from wealth solutions.
In disclosing the numbers, Aon noted: “Total revenue increased by $583 million, or 18%, to $3.8 billion, compared to the same period last year, reflecting revenue gained from NFP and organic revenue growth of 6%, driven by net new business generation and continued strong retention, partially offset by a 1% unfavorable impact from foreign currency translation.”
Aon completed the acquisition of NFP, a provider of risk, benefits, wealth and retirement plan advisory solutions, in the second quarter.
Read more: Aon is now the owner of NFP.
Meanwhile, Case commented: “Our colleagues delivered excellent results in the second quarter, with 6% organic revenue growth, expanded adjusted operating margin, and 19% growth in adjusted operating income.
“We have welcomed our new NFP colleagues to the firm, and are even more excited about the opportunities we see to better serve our clients, through the combined expertise, content and capabilities that Aon Business Services brings to the table.
“The first half saw significant progress on all elements of our 3×3 plan, and we are well positioned for the rest of 2024 and the longer term.”
As a venture capital and human capital specialist, Aon serves clients in more than 120 countries and jurisdictions.
What do you think of this story? Share your thoughts in the comments below.
Related Stories
Fetching comments…