Aon's Q3 2024 earnings call highlighted strong financial performance and successful integration of NFP, contributing to revenue and margin growth. However, challenges in reinsurance pricing and increased interest expenses were noted. Overall, the positive aspects of growth and strategic achievements outweigh the challenges.

Company Guidance

In the third quarter of 2024, Aon's financial guidance highlighted significant progress and strong performance across its business segments. The company achieved a 7% total organic revenue growth, with all solution lines contributing at least 6% or more. Additionally, Aon reported a 26% total revenue growth, a 28% increase in adjusted operating income, and an adjusted operating margin of 24.6%, marking a 70 basis point improvement from the previous year. Year-to-date, Aon delivered 6% organic revenue growth, 15% total revenue growth, and a 9% growth in earnings per share. The acquisition of NFP played a crucial role, performing well with mid-single-digit growth and enhancing Aon's Commercial Risk and Wealth Solutions. Aon reaffirmed its full-year guidance for mid-single-digit or greater organic revenue growth, margin expansion, and double-digit free cash flow growth, all supported by disciplined capital management, including $800 million in share buybacks year-to-date.

Strong Organic Revenue Growth

Aon delivered 7% total organic revenue growth in Q3 2024, with all solution lines at 6% or greater.

Significant Financial Improvements

26% total revenue growth, 28% adjusted operating income growth, and an adjusted operating margin of 24.6%, an increase of 70 basis points year-over-year.

Successful Integration of NFP

NFP contributed positively with mid-single-digit growth and aligned with business expectations, aiding in margin expansion and revenue growth.

Free Cash Flow and Shareholder Returns

$951 million in free cash flow in Q3, $1.2 billion returned to shareholders through dividends and $800 million in share repurchases year-to-date.

Positive Talent Acquisition and M&A Activity

Addition of 8,000 NFP colleagues and ongoing M&A activity with $26 million in EBITDA acquisitions year-to-date.

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Aon (AON) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AON Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jan 31, 2025	2024 (Q4)	4.26 / -	3.89	―	―	―
Oct 25, 2024	2024 (Q3)	2.48 / 2.72	2.32	17.24% (+0.40)
Jul 26, 2024	2024 (Q2)	3.09 / 2.93	2.76	6.16% (+0.17)
Apr 26, 2024	2024 (Q1)	5.89 / 5.66	5.17	9.48% (+0.49)
Feb 02, 2024	2023 (Q4)	4.07 / 3.89	3.89	0.00% (0.00)
Oct 27, 2023	2023 (Q3)	2.21 / 2.32	2.02	14.85% (+0.30)
Jul 28, 2023	2023 (Q2)	2.83 / 2.76	2.63	4.94% (+0.13)
Apr 28, 2023	2023 (Q1)	5.31 / 5.17	4.83	7.04% (+0.34)
Feb 03, 2023	2022 (Q4)	3.67 / 3.89	3.71	4.85% (+0.18)
Oct 28, 2022	2022 (Q3)	2.00 / 2.02	1.74	16.09% (+0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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AON Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 25, 2024	$356.19	$374.75	+5.21%
Jul 26, 2024	$297.79	$321.74	+8.04%
Apr 26, 2024	$304.08	$283.24	-6.85%
Feb 02, 2024	$298.12	$290.56	-2.54%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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