DUBLIN , Aug. 9, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced that Admiral James Stavridis has been appointed to its Board of Directors, effective Aug. 15, 2024. "We are pleased to welcome Admiral Stavridis to Aon's Board of Directors," said Lester B.

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Aon reported 6% organic revenue growth in Q2, driven by net new business generation and strong retention. The completion of the NFP acquisition will expand Aon's services into the mid-market, with potential for revenue and cost synergies. Aon's outlook includes mid-single-digit organic revenue growth for FY24, with a fair value of $410 per share based on DCF analysis.

Aon plc (NYSE:AON ) Q2 2024 Earnings Conference Call July 26, 2024 8:30 AM ET Company Participants Greg Case - Chief Executive Officer Edmund Reese - Executive Vice President and Chief Financial Officer Christa Davies - Chief Financial Officer Eric Andersen - President Conference Call Participants Elyse Greenspan - Wells Fargo Andrew Kligerman - TD Securities Michael Zaremski - BMO Capital Markets Jimmy Bhullar - JPMorgan Robert Cox - Goldman Sachs David Motemaden - Evercore ISI Meyer Shields - KBW Grace Carter - Bank of America Cave Montazeri - Deutsche Bank Operator Good morning and thank you for holding. Welcome to Aon plc's Second Quarter 2024 Conference Call.

AON's second-quarter results reflect elevated operating expenses, partly offset by strong revenue contributions of the Health Solutions and Wealth Solutions businesses.

While the top- and bottom-line numbers for Aon (AON) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Aon (AON) came out with quarterly earnings of $2.93 per share, missing the Zacks Consensus Estimate of $3.09 per share. This compares to earnings of $2.76 per share a year ago.

Second Quarter Key Metrics Total revenue increased 18% to $3.8 billion, including organic revenue growth of 6% Operating margin decreased 910 basis points to 17.4%, and adjusted operating margin increased 10 basis points to 27.4% EPS decreased 9% to $2.46, and adjusted EPS increased 6% to $2.93 For the first six months of 2024, cash flows from operations decreased 27% to $822 million, and free cash flow decreased 27% to $721 million Second Quarter Highlights Completed the acquisition of NFP, a leading middle-market provider of risk, benefits, wealth and retirement plan advisory solutions, for $13.0 billion enterprise value, and are on-track to deliver financial commitments Repurchased 0.8 million class A ordinary shares for approximately $250 million Appointed Edmund Reese to serve as next CFO, effective July 29, 2024 Announced a first-of-its-kind, public-private solution to build insurance capacity and accelerate new capital investments and economic recovery in Ukraine, bringing total capacity of $350 million DUBLIN , July 26, 2024 /PRNewswire/ -- Aon plc (NYSE: AON) today reported results for the three months ended June 30, 2024. Net income attributable to Aon shareholders decreased 9% to $2.46 per share on a diluted basis, compared to $2.71 per share on a diluted basis, in the prior year period.

AON's second-quarter results are likely to reflect growing contributions from its Health Solutions unit.

Aon (AON) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

80 percent of 1H global natural catastrophe claims related to U.S. events LONDON , July 18, 2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today published its Global Catastrophe Recap: First Half 2024 report, which cites a preliminary estimate of more than $117 billion in economic losses from global natural disasters during the first half (1H) of 2024. This figure was lower than the 21st-century 1H average of $137 billion, and significantly lower than the economic losses recorded in 1H 2023 ($226 billion).

Marsh & McLennan, Aon, Arthur J. Gallagher, Willis Towers Watson and Brown & Brown have been highlighted in this Industry Outlook article.