Insurance

Aon publishes Q4 and full-year 2023 results

Feb 5, 2024 1 year ago

Chief executive says numbers show "how we are going further, faster"

By Terry Gangcuangco

Feb 04, 2024 Share

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

$3.4 billion

$3.1 billion

$13.4 billion

$12.5 billion

Net income attributable to Aon shareholders

$498 million

$657 million

$2.56 billion

$2.59 billion

Operating income

$779 million

$1 billion

$3.8 billion

$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 $3.2 billion of free cash flow.

“This strong performance demonstrates how we are going further, faster with our 3x3 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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