How Does Aon Make its Money?
Aon plc is a global professional services firm and one of the world’s two largest insurance brokers (alongside Marsh McLennan). The company provides risk management, insurance and reinsurance brokerage, human resources consulting, and retirement solutions. Aon acts as an intermediary between companies seeking insurance and the insurers who provide it, earning commissions and fees. The company combined its risk and human capital businesses into an integrated model, allowing it to advise clients holistically on risk, people, and capital. Aon’s 2024 acquisition of NFP expanded its reach into the mid-market insurance brokerage space.
Aon (AON) Business Model
Aon operates in the financial services sector. Below is a summary of Aon’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from Aon’s 2024 fiscal year filings with the SEC.
Aon Competitors
Aon’s key competitors and comparable public companies in the financial services sector include Marsh McLennan, Progressive, Chubb, and BlackRock. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Aon stacks up by comparing their revenue breakdown, margins, and growth metrics.
Aon Competitors
Aon’s key competitors and comparable public companies in the financial services sector include Marsh McLennan, Progressive, Chubb, and BlackRock. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Aon stacks up by comparing their revenue breakdown, margins, and growth metrics.
Aon Competitors
Aon’s key competitors and comparable public companies in the financial services sector include Marsh McLennan, Progressive, Chubb, and BlackRock. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Aon stacks up by comparing their revenue breakdown, margins, and growth metrics.
Aon Competitors
Aon’s key competitors and comparable public companies in the financial services sector include Marsh McLennan, Progressive, Chubb, and BlackRock. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how Aon stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | 2024 | 2023 | YoY Growth |
|---|---|---|---|
| Commercial Risk Solutions | $7,200 | $6,500 | +10.8% |
| Reinsurance Solutions | $3,100 | $2,700 | +14.8% |
| Health Solutions | $3,400 | $2,800 | +21.4% |
| Wealth Solutions | $1,900 | $1,700 | +11.8% |
| Total Revenue | $16,000 | $14,000 | +14.3% |
Commercial Risk Solutions — 45% of Revenue
Reinsurance Solutions — 19% of Revenue
Health Solutions — 21% of Revenue
Wealth Solutions — 12% of Revenue
Income Statement Overview
| Metric | 2024 | 2023 |
|---|---|---|
| Total Revenue | $16,000 | $14,000 |
| Cost of Revenue | $8,400 | $7,300 |
| Gross Profit | $7,600 | $6,700 |
| Operating Expenses | $3,200 | $2,800 |
| Operating Income | $4,400 | $3,900 |
| Net Income | $2,700 | $2,700 |
All values in millions USD unless otherwise stated.
Key Financial Metrics
- Gross Margin: 47.5%
- Operating Margin: 27.5%
- Revenue Growth: 14.3%
Is Aon Profitable?
Yes, Aon is profitable. The company reported net income of $2,700 on total revenue of $16,000. With an operating margin of 27.5%, Aon demonstrates solid profitability for the financial services sector. The gross margin of 47.5% reflects Aon’s pricing power and cost structure.
What to Watch
- NFP acquisition integration and mid-market insurance brokerage growth
- Commercial P&C rate cycle and impact on brokerage commissions
- Aon Business Services platform driving operational efficiencies
- Reinsurance placement activity amid elevated catastrophe loss years
Aon (AON) Financial Summary
Aon (AON) is a financial services company that generated $16,000 in total revenue in fiscal year 2024. Revenue grew 14.3% year-over-year. The company earned $2,700 in net income, making it profitable. For a deeper look at Aon’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.