AON Aon Plc
Aon Plc operates as a global professional services firm. It provides advice and solutions to clients focused on risk, retirement, and health through the following products and services: Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions, Health Solutions, and Data and Analytic Services. The Commercial Risk Solutions includes retail brokerage, cyber solutions, global risk consulting, and captives. The Reinsurance Solutions comprises treaty and facultative reinsurance brokerage and capital markets. The Retirement Solutions consists of core retirement, investment consulting, and talent, rewards and performance. The Health Solutions involves in heath and benefits brokerage and healthcare exchanges. The Data and Analytic Services include Affinity, Aon InPoint, and ReView. The company is headquartered in Dublin, Ireland.
Company profile
Ticker
AON
Exchange
Website
CEO
Gregory C. Case
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Aon Corp
SEC CIK
Corporate docs
IRS number
363051915
AON stock data
()
Calendar
1 May 20
11 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 3.22B | 2.89B | 2.38B | 2.61B | |
| Net income | 791M | 382M | 228M | 287M | |
| Diluted EPS | 3.29 | 1.58 | 0.93 | 1.14 | |
| Net profit margin | 24.57% | 13.24% | 9.58% | 11.01% | |
| Operating income | 1.03B | 524M | 360M | 413M | |
| Net change in cash | -100M | 188M | 21M | -19M | |
| Cash on hand | 690M | 790M | 602M | 581M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 11.01B | 10.77B | 10B | 9.41B | |
| Net income | 1.57B | 1.17B | 1.26B | 1.43B | |
| Diluted EPS | 6.37 | 4.59 | 4.7 | 5.16 | |
| Net profit margin | 14.28% | 10.90% | 12.63% | 15.20% | |
| Operating income | 2.17B | 1.54B | 1.07B | 1.81B | |
| Net change in cash | 134M | -100M | 330M | 42M | |
| Cash on hand | 790M | 656M | 756M | 426M |
Financial data from Aon earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 19 Jun 20 | Knight Lester B | Class A Ordinary Stock | Grant | Aquire A | No | 0 | 2,147 | 0 | 2,147 |
| 19 Jun 20 | Cai Jin-Yong | Class A Ordinary Stock | Grant | Aquire A | No | 0 | 943 | 0 | 5,163 |
| 19 Jun 20 | Campbell Jeffrey C | Class A Ordinary Stock | Grant | Aquire A | No | 0 | 943 | 0 | 8,944 |
| 19 Jun 20 | Conti Fulvio | Class A Ordinary Stock | Grant | Aquire A | No | 0 | 943 | 0 | 28,765 |
| 19 Jun 20 | Francis Cheryl A | Class A Ordinary Stock | Grant | Aquire A | No | 0 | 943 | 0 | 25,617 |
Institutional ownership Q1 2020
72.7% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 599 |
| Opened positions | 77 |
| Closed positions | 259 |
| Increased positions | 185 |
| Reduced positions | 231 |
13F shares |
Current |
|---|---|
| Total value | 27.72B |
| Total shares | 167.98M |
| Total puts | 73.8K |
| Total calls | 477.2K |
| Total put/call ratio | 0.2 |
Largest owners |
Shares | Value |
|---|---|---|
| Massachusetts Financial Services | 21.23M | $3.5B |
| Vanguard | 18.63M | $3.08B |
| BLK BlackRock | 17.35M | $2.86B |
| STT State Street | 10.45M | $1.73B |
| Lazard Asset Management | 7.98M | $1.32B |
| Longview Partners | 5.77M | $951.8M |
| Mawer Investment Management | 5.36M | $884.97M |
| JHG Janus Henderson | 4.54M | $748.84M |
| Geode Capital Management | 3.85M | $634.09M |
| NEU Neuberger Berman | 3.3M | $545.24M |
Financial report summary
?Competition
Aegon • Towers Watson Delaware • Jardine Lloyd Thompson • Willis Towers Watson • Hewitt Associates • Fortegra Financial • BRPRisks
- Our results of operations have been adversely affected and could be materially adversely affected in the future by the recent COVID-19 global pandemic.
- The Combination is subject to customary closing conditions, including conditions related to required shareholder approvals and required regulatory approvals, and may not be completed on a timely basis, or at all, or may be completed on a basis that has a material impact on the value of the combined company.
- Failure to close the Combination could negatively impact our share price and future business and financial results.
- While the Combination is pending, we will be subject to business uncertainties related to our relationships with employees, clients and suppliers, which could adversely affect our business and operations. These uncertainties could also adversely affect the combined company following the Combination.
- While the Combination is pending, we will be subject to contractual restrictions, which could adversely affect our respective business and operations.
- Aon and WTW may be unable to successfully integrate their operations. Failure to successfully integrate our and WTW’s businesses in the expected time frame may adversely affect the future results of the combined company.
- We and WTW have incurred and will incur substantial transaction fees and costs in connection with the Combination.
Management Discussion
- Aon is a leading global professional services firm providing a broad range of risk, retirement, and health solutions underpinned by proprietary data and analytics. Management continues to lead its set of initiatives designed to strengthen Aon and unite the firm with one portfolio of capability enabled by proprietary data and analytics and one operating model to deliver additional insight, connectivity, and efficiency.
- In the first quarter of 2019, Aon adopted new accounting guidance related to the treatment of leases that was applied using the modified retrospective approach. Under this approach, prior periods were not restated. Refer to Note 2 “Summary of Significant Accounting Principles and Practices” of the Notes to Consolidated Financial Statements in Part II, Item 8 of this report for further information surrounding the quantitative and qualitative impacts of adopting the new accounting guidance.
- In October 2019, we announced the proposed Reorganization, which would result in an Irish public limited company serving as our new publicly traded parent company by means of a scheme of arrangement under English law. The Reorganization would effectively change the jurisdiction of incorporation of the publicly traded parent company of Aon from the U.K. to Ireland.
Content analysis
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New words:
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Removed:
abandon, account, add, added, adjust, admission, Africa, alleged, alleging, appeal, arranging, assessing, auditing, Australia, Blackstone, built, Burchfield, CAD, cancel, carryforward, Chancery, chosen, classification, commencement, commit, consolidation, covering, CPI, defect, defective, direct, distinct, division, drafted, duty, eligible, employer, enable, escalated, existence, exit, exited, expansion, expedient, extend, finalize, finalized, finite, footnote, formed, found, gave, hindsight, identification, implicit, implicitly, inception, Inspiring, instructed, intent, intention, internationally, invalid, Johannesburg, landlord, Lastly, leasing, leave, Lee, lessee, license, lived, LLC, loyalty, LPC, lump, Lyttelton, matured, minimum, moving, negligence, negligent, Niche, occasion, package, permanently, pharmacy, physically, plant, population, Port, portray, practical, presentation, procedurally, prospectively, Pty, rationalization, reclassification, recognize, Registry, remeasured, remove, removed, rental, reoccupying, repaid, representing, requirement, responsible, restrictive, role, ROU, secured, separate, separately, served, settle, sought, South, space, stated, stranded, sublease, subleasing, sublessee, substantially, suffered, sum, tangible, targeted, Tempo, tolling, twelve, type, updated, usage, utilized, variable, vary, Victoria, voluntary, wellbeing
Financial reports
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
14 Feb 20
10-Q
2019 Q3
Quarterly report
25 Oct 19
10-Q
2019 Q2
Quarterly report
26 Jul 19
10-Q
2019 Q1
Quarterly report
26 Apr 19
10-K
2018 FY
Annual report
19 Feb 19
10-Q
2018 Q3
Quarterly report
26 Oct 18
10-Q
2018 Q2
Quarterly report
27 Jul 18
10-Q
2018 Q1
Quarterly report
4 May 18
10-K
2017 FY
Annual report
20 Feb 18
Current reports
8-K
Regulation FD Disclosure
30 Jun 20
8-K
Departure of Directors or Certain Officers
25 Jun 20
8-K
Other Events
29 May 20
8-K
Other Events
15 May 20
8-K
Other Events
12 May 20
8-K
Aon Reports First Quarter 2020 Results
1 May 20
8-K
Departure of Directors or Certain Officers
27 Apr 20
8-K
Entry into a Material Definitive Agreement
2 Apr 20
8-K
Other Events
1 Apr 20
8-K
Entry into a Material Definitive Agreement
10 Mar 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
13 May 20
FWP
Free writing prospectus
12 May 20
424B5
Prospectus supplement for primary offering
12 May 20
S-3ASR
Automatic shelf registration
12 May 20
15-12B
Securities registration termination
2 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Apr 20
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Apr 20
Proxies
DEFM14A
Proxy related to merger
8 Jul 20
PRER14A
Preliminary revised proxy
12 Jun 20
DEFA14A
Additional proxy soliciting materials
12 May 20
PREM14A
Preliminary proxy related to merger
9 May 20
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEF 14A
Definitive proxy
24 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Mar 20
DEFA14A
Additional proxy soliciting materials
9 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Dec 19
Other
UPLOAD
Letter from SEC
10 Apr 19
UPLOAD
Letter from SEC
5 Oct 18
UPLOAD
Letter from SEC
6 Apr 18
CERTNYS
Certification of approval for NYSE listing
20 May 15
UPLOAD
Letter from SEC
31 Jul 14
CORRESP
Correspondence with SEC
15 Jul 14
CORRESP
Correspondence with SEC
6 Jun 14
CERTNYS
Certification of approval for NYSE listing
28 May 14
CORRESP
Correspondence with SEC
8 May 14
CORRESP
Correspondence with SEC
5 May 14
Ownership
4
Aon / CAROLYN Y WOO ownership change
23 Jun 20
4
Aon / GLORIA SANTONA ownership change
23 Jun 20
4
Aon / RICHARD C NOTEBAERT ownership change
23 Jun 20
4
Aon / RICHARD B MYERS ownership change
23 Jun 20
4
Aon / J MICHAEL LOSH ownership change
23 Jun 20
4
Aon / CHERYL A FRANCIS ownership change
23 Jun 20
4
Aon / Fulvio Conti ownership change
23 Jun 20
4
Aon / JEFFREY C CAMPBELL ownership change
23 Jun 20
4
Aon / Jin-Yong Cai ownership change
23 Jun 20
4
Aon / LESTER B KNIGHT ownership change
23 Jun 20
Patents
APP
Utility
Systems, Methods, and Platforms for Automated Quality Management and Identification of Errors, Omissions And/or Deviations In Coordinating Services And/or Payments Responsive to Requests for Coverage Under a Policy
2 Jul 20
In an illustrative embodiment, systems and methods for monitoring insurance claims include identifying, based on predetermined monitoring frequency, insurance claims identified for vulnerability detection processing.
GRANT
Utility
Platform, systems, and methods for identifying property characteristics and property feature conditions through aerial imagery analysis
12 May 20
In an illustrative embodiment, methods and systems for automatically categorizing a condition of a property characteristic may include obtaining aerial imagery of a geographic region including the property, identifying features of the aerial imagery corresponding to the property characteristic, analyzing the features to determine a property characteristic classification, and analyzing a region of the aerial imagery including the property characteristic to determine a condition classification.
APP
Utility
Platform, Systems, and Methods for Identifying Property Characteristics and Property Feature Conditions Through Aerial Imagery Analysis
7 May 20
In an illustrative embodiment, methods and systems for automatically categorizing a condition of a property characteristic may include obtaining aerial imagery of a geographic region including the property, identifying features of the aerial imagery corresponding to the property characteristic, analyzing the features to determine a property characteristic classification, and analyzing a region of the aerial imagery including the property characteristic to determine a condition classification.
GRANT
Utility
System and methods for vulnerability assessment and provisioning of related services and products for efficient risk suppression
17 Mar 20
In an illustrative embodiment, systems and methods for cyber vulnerability assessment include obtaining assessment data including information pertaining to domains of cyber security vulnerability of an enterprise and, for each security domain, a respective domain-level vulnerability score, identifying risk(s) relevant to the enterprise based on domain-level vulnerability score(s), identifying recommended products or services for mitigating each of the risks, and preparing a graphical user interface for selecting a portion of the recommended products or services.