Aon releases Q4 and full-year 2023 results
Aon releases Q4 and full-year 2023 results | Insurance Business Canada
Insurance News
Aon releases Q4 and full-year 2023 results
Chief executive says financials show “how we are going further, faster”
Insurance News
By
Terry Gangcuangco
It’s Aon Plc’s turn to share how it fared in the three and 12 months ended December 31, 2023.
According to the broking giant, below are its financial results for the two periods.
Metric
Q4 2023
Q4 2022
FY 2023
FY 2022
Revenue
US$3.4 billion
US$3.1 billion
US$13.4 billion
US$12.5 billion
Net income attributable to Aon shareholders
US$498 million
US$657 million
US$2.56 billion
US$2.59 billion
Operating income
US$779 million
US$1 billion
US$3.8 billion
US$3.7 billion
In terms of revenue in the fourth quarter, all Aon segments – commercial risk solutions, reinsurance solutions, health solutions, and wealth solutions – saw an increase from the same quarter in 2022.
Commenting on the results, Aon chief executive Greg Case said in a release: “In the fourth quarter and full year, our colleagues delivered 7% organic revenue growth, highlighted by double-digit growth in reinsurance solutions and health solutions. This top-line growth contributed to full-year adjusted margin expansion of 80 basis points, adjusted operating income growth of 10%, and US$3.2 billion of free cash flow.
“This strong performance demonstrates how we are going further, faster with our 3×3 plan, which is an acceleration of our proven Aon United strategy. Our risk capital and human capital structure has unlocked new opportunities to grow, and Aon Business Services is a catalyst for innovation delivering new products and tools at scale across client segments and geographies.”
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