Loading…
Aon plc
NYSE: AON Financials Insurance 🔎 Screen
S&P 500
🏹 Trader: 📊 High Volume View all →
$65.4B
Market Cap
20.7
P/E
1.85
PEG
16.0%
ROCE
46.9%
ROE
1.68
D/E
27.3%
OPM
-18.1%
% from 52W High
28
α RS
🔍 AON is showing a high-conviction setup because it matches 12 of 39 tracked screener presets, it's within 18.1% of its 52-week high, and large_cap_quality preset's Backtest win rate is 57.8% over 90 days. Net: Broad signal stack, not a recommendation. ? Conviction 52W High Backtest
Sources
Conviction 12/39 · 18.1% from 52W high · Backtest win rate 57.8%
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for AON including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Aon plc operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific. It operates through Risk Capital and Human Capital segments. The company offers commercial risk solutions comprising retail and insurance brokerage, specialty solutions, global risk consulting, captives management, and affinity programs; health solutions, such as consulting and brokerage, consumer benefits, and talent advisory services; and wealth solutions, including retirement consulting and investments. It also provides treaty and facultative reinsurance; strategy and technology group solutions; insurance-linked securities, capital raising, strategic advice, restructuring, and merger and acquisition services; and risk management products and solutions, capital market solutions, and corporate finance advisory services. In addition, the company offers strategic design advice and actuarial services; pension risk transfer and integrated pension administration; and investment advisory services on developing and maintaining investment programs across various plan types, including defined benefit plans, defined contribution plans, master trusts, and pooled employer plans for corporations, public pensions, endowments, and foundations. Aon plc was incorporated in 1979 and is headquartered in Dublin, Ireland.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding AON
View All Superinvestors →
Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 1.09M $350.9M 0.98% Mar 2026
Seth Klarman Baupost Group 769.0K $248.2M 4.85% Mar 2026
Steve Cohen Point72 Asset Management 33.3K $10.7M 0.01% Mar 2026
Jim Simons Renaissance Technologies LLC 11.6K $3.7M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Total Revenue
$4.2B
+2% YoY
Adjusted Operating Income
$1.2B
+5% YoY
Adjusted Operating Margin
28.9%
+70bps YoY
Adjusted EPS
$3.81
+9% YoY
Free Cash Flow
$483M
-34% YoY
What Went Right
  • All four solution lines delivered 5% organic revenue growth, with new business contributing 10 points.
  • Adjusted operating margin expanded 70 bps to 28.9%, aided by $25M restructuring savings and ABS-driven operating leverage.
  • Data Center Lifecycle Insurance Program capacity increased to $5B, and construction posted a fifth consecutive quarter of double-digit growth.
What to Watch
  • M&A services revenue declined year-over-year against an elevated Q2 2025, tempering Commercial Risk growth despite a stronger second-half pipeline.
  • Reinsurance growth faced 15-20% lower rates, though new business and facultative placements offset the pressure.
  • Free cash flow fell 34% to $483M due to a $267M tax impact from NFP Wealth sale proceeds; year-to-date FCF is still up 4%.
Management Guidance
  • Reaffirmed 2026 guidance: mid-single digit or greater organic revenue growth.
  • Expected 70-80 bps of adjusted operating margin expansion and strong adjusted EPS growth.
  • Double-digit free cash flow growth expected for 2026; Q3 interest expense ~$185M, other expense $15-20M, full-year tax rate 19.5%-20.5%.
Investor Lens
The thesis is stronger after this call. Aon delivered consistent 5% organic growth and margin expansion despite a transitioning pricing cycle, demonstrating the durability of its Aon United strategy. Management's confidence in the second half is supported by a 60% jump in announced M&A transaction volumes, growing data center pipeline, and disciplined capital allocation with $1.1B in buybacks already executed. The expansion into non-traditional capital and AI-enabled claims technology continues to differentiate Aon and broaden its addressable market.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📈 STRONG Strong quarter: 5% organic growth, EPS +9%, margin +70bps
Revenue
Total revenue increased 2% to $4.2 billion, with 5% organic revenue growth. All four solution lines (Commercial Risk, Reinsurance, Health, Wealth) grew 5% organically, driven by broad-based new business and retention.
Profitability
Adjusted net income per share rose 9% to $3.81, while operating income increased 5% to $1.2 billion on an adjusted basis. GAAP diluted EPS was $2.58, down 3% due to a higher effective tax rate and prior-year favorable tax items.
Margins
Adjusted operating margin expanded 70 bps to 28.9%, supported by $25 million in restructuring savings and operating leverage from Aon Business Services. The effective tax rate was 20.1%, up 360 bps from a favorable prior-year discrete item.
Balance Sheet
Free cash flow was $483 million in Q2, ahead of the $267 million NFP Wealth sale tax headwind; year-to-date free cash flow is up 4%. Aon returned $775 million to shareholders, including $600 million in buybacks, leaving $7.7 billion remaining under its repurchase authorization.
Key Risks
Management flagged continued rate pressure in P&C and reinsurance, with property rates down and casualty moderating. M&A services revenue remained soft in Q2, and the competitive talent market could slow revenue-generating headcount growth to the lower end of the 4%-8% target.
Outlook
Aon reaffirmed full-year 2026 guidance of mid-single-digit or greater organic revenue growth, 70-80 bps margin expansion, strong adjusted EPS growth, and double-digit free cash flow growth. Management sees M&A services becoming a tailwind in the second half, and data center demand remains a key growth driver.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Q2 2026 saw 5% organic revenue growth, 70 basis points of margin expansion, and 9% adjusted EPS growth, with all solution lines contributing. Strong free cash flow and disciplined capital allocation supported continued investments and shareholder returns. Full-year guidance for mid-single digit or greater organic growth and double-digit free cash flow growth was reaffirmed.
Q1 2026 Q1 2026 2026-05-01
Q1 2026 saw 5% organic revenue growth, 70 bps margin expansion, and 14% EPS growth, driven by strong execution, AI-enabled productivity, and broad-based segment performance. Capital returns and investments in talent and technology remain robust.
Q4 2025 Q4 2025 2026-01-30
Delivered 6% organic revenue growth and 9% total revenue increase in 2025, with strong margin and EPS expansion, robust free cash flow, and significant capital return. Entering 2026 with momentum, the outlook calls for continued mid-single-digit or greater growth and disciplined capital allocation.
Q3 2025 Q3 2025 2025-10-31
Q3 2025 saw 7% organic revenue growth, 26.3% adjusted margin, and 12% EPS growth, driven by strong performance in commercial risk, health, and wealth segments. Capital position was strengthened by the NFP wealth sale, supporting continued investment and shareholder returns.
Q2 2025 Q2 2025 2025-07-25
Q2 2025 saw 6% organic revenue growth, 19% adjusted EPS growth, and 59% free cash flow growth, with broad-based performance across all major segments and continued investment in talent and innovation. The company reaffirmed its 2025 guidance and remains focused on margin expansion, deleveraging, and disciplined capital allocation.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.