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DUBLIN - Insurance broker Aon plc (NYSE:AON) reported fourth quarter earnings that beat analyst expectations, while revenue came in slightly below estimates on Friday.
The company’s shares edged up 0.77% following the release.
Aon posted adjusted earnings per share of $4.42 for Q4 2024, surpassing the analyst consensus of $4.26. Revenue rose 23% YoY to $4.15 billion, but fell short of the $4.21 billion analysts were expecting.
The company’s top line growth was driven by a 6% increase in organic revenue and the acquisition of NFP. However, this was partially offset by a 1% unfavorable impact from foreign currency translation.
"We ended 2024 with another quarter of strong performance and outstanding execution across all aspects of our strategy," said CEO Greg Case. "We generated 6% Organic revenue growth for the fourth quarter and full year, with mid-single digit growth or better across all our solution lines."
Aon’s Risk Capital segment saw revenue increase 13% to $2.5 billion, while Human Capital revenue jumped 41% to $1.6 billion in Q4.
The company’s adjusted operating margin decreased slightly to 33.3% from 33.8% in the year-ago quarter.
For the full year 2024, Aon reported total revenue of $15.7 billion, up 17% compared to 2023. Adjusted earnings per share for 2024 came in at $15.60, a 10% increase YoY.
Looking ahead, Aon said its 2025 guidance positions the company to continue delivering mid-single-digit or greater organic revenue growth, adjusted margin expansion, and strong adjusted EPS growth.
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