Aon Reports Fourth Quarter and Full Year 2023 Results | Insurance business America
The CEO says the numbers show “how we are moving further and faster”
Insurance News
By Terry Gangcuangco
Now it’s Aon Plc’s turn to tell us how it fared in the three and twelve months to December 31, 2023.
According to the brokerage giant, below are the financial results for the two periods.
|
Metric |
Q4 2023 |
Q4 2022 |
Fiscal year 2023 |
Fiscal year 2022 |
|---|---|---|---|---|
|
revenue |
$3.4 billion |
$3.1 billion |
$13.4 billion |
$12.5 billion |
|
Net profit attributable to Aon shareholders |
$498 million |
$657 million |
$2.56 billion |
$2.59 billion |
|
Operating result |
$779 million |
1 billion dollars |
$3.8 billion |
$3.7 billion |
In terms of fourth-quarter revenue, all Aon segments – commercial risk solutions, reinsurance solutions, healthcare solutions and wealth solutions – recorded an increase compared to the same quarter in 2022.
Commenting on the results, Greg Case, Aon’s Chief Executive Officer, said: “In the fourth quarter and for the full year, our colleagues delivered organic revenue growth of 7%, highlighted by double-digit growth in reinsurance solutions and healthcare solutions.” This revenue growth was accretive to the full year an 80 basis point increase in adjusted margin, 10% growth in adjusted operating income and free cash flow of $3.2 billion.
“This strong performance demonstrates how we are moving further and faster with our 3×3 plan, which is an acceleration of our proven Aon United strategy.” Our venture capital and human capital structure has created new growth opportunities, and Aon Business Services is a catalyst for Innovate by delivering new products and tools at scale across all customer segments and geographies.”
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2024-02-05 04:40:00
www.insurancebusinessmag.com
