CEO says numbers show ‘as we go further, faster’
Insurance news
It’s Plc’s turn to share how it performed in the three and 12 months to 31 December 2023.
Below are its financial results for two periods, according to the brokerage giant.
Metric | 4th quarter 2023 | Q4 2022 | FY 2023 | FY 2022 |
---|---|---|---|---|
Revenues | 3.4 billion dollars | 3.1 billion dollars | $13.4 billion | 12.5 billion dollars |
Net income attributable to Aon shareholders | 498 million dollars | 657 million dollars | $2.56 billion | $2.59 billion |
Operating profit | 779 million dollars | 1 billion dollars | 3.8 billion dollars | 3.7 billion dollars |
In terms of revenue in the fourth quarter, all of Aon’s segments — Commercial Risk Solutions, Reinsurance Solutions, Health Solutions and Wealth Solutions — saw an increase over the same quarter in 2022.
Commenting on the results, Aon CEO Greg Case he said in the message: “For the fourth quarter and full year, our peers delivered 7% organic revenue growth, highlighted by double-digit growth in reinsurance and health solutions. This top-line growth contributed to full-year adjusted margin growth of 80 basis points, adjusted operating growth of 10% and free cash flow of $3.2 billion.
“This impressive performance demonstrates our progress in advancing more rapidly through our 3×3 plan, an acceleration of our established Aon United strategy. Our venture capital and human capital structure has opened up new opportunities for growth, and Aon Business Services is a catalyst for innovation, delivering new products and tools at scale across client segments and geographies.