04/30/19
81 percent of organizations identify IP as a top 10 risk, while insurance covers only 16 percent of $1B in potential losses
Aon plc (NYSE: AON) and the Ponemon Institute released a global 2019 Intangible Assets Financial Statement Impact Comparison Report today that found that property, plant and equipment (PP&E) has 60 percent insurance coverage versus only 16 percent for certain intangible assets. This coverage differential contrasted with the average potential loss to certain intangible assets of $1.08 billion compared with $795 million in losses to PP&E. "One of our key findings is that threats to a company's intangible assets are not in proper balance with that company's insurance protection," said Lewis Lee, Global Head and CEO of Aon's IP Solutions. "Understanding how to properly value, exploit and insure intangible assets is exponentially heightened in the digital era. Intangible assets are a Board of Director level issue." The study, which is conducted every other year commencing in 2015, surveys more than 2,300 organizations representing different industries and geographies across the...
04/29/19
Aon reports risk readiness drops to lowest level in 12 years
Economic and global trade concerns are challenging organizations' ability to invest adequately in preparing for and protecting the continuity of their operations, according to findings from Aon's 2019 Global Risk Management Survey . "Companies of all sizes are struggling to prioritize their risk management efforts amid so much change and uncertainty," said Rory Moloney, chief executive officer, Global Risk Consulting. "What was once a tried-and-true strategy for risk mitigation – using the past to predict the future – is now a challenge and coupled with a more competitive global economy, it is causing an all-time low level of risk readiness. As a result, risk management plans need to take a different approach than they have in the past." Aon plc , the leading global professional services firm providing a broad range of risk, retirement and health solutions, surveys thousands of risk managers across 60 countries and 33 industries every two years to identify key risks and challenges...
04/26/19
Aon Reports First Quarter 2019 Results
First Quarter Key Metrics From Continuing Operations Total revenue increased 2% to $3.1 billion, with organic revenue growth of 6% Operating margin increased 180 basis points to 27.7%, and operating margin, adjusted for certain items, increased 190 basis points to 33.7% EPS increased 15% to $2.70, and EPS, adjusted for certain items, increased 11% to $3.31 For the first three months of 2019, cash flow from operations decreased 47% to $74 million, and free cash flow decreased 82% to $17 million First Quarter Highlights Repurchased 0.6 million Class A Ordinary Shares for approximately $100 million Subsequent to the close of the quarter, announced a 10% increase to the quarterly cash dividend Aon's New Ventures Group announced the formal sponsorship of the firm's Intellectual Property Solutions to accelerate industry-leading innovation and scale our internal capabilities with greater speed to market Aon plc (NYSE: AON) today reported results for the three months ended March 31,...
04/10/19
Aon Announces First Quarter 2019 Earnings Release and Conference Call
Aon plc (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, plans to announce first quarter 2019 results on Friday, April 26 th , 2019 in a news release to be issued before the market opens. Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday April 26 th , 2019. The conference call will be broadcast live through Aon's website at www.aon.com . Adobe Flash is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release and supplemental slide presentation will be available on Aon's web site at www.aon.com . About Aon Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Follow Aon on...
04/05/19
Aon Announces 10% Increase to Annual Cash Dividend
Aon plc (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that its Board of Directors has authorized a 10% increase to its annual cash dividend paid quarterly on Aon's outstanding Class A Ordinary Shares. Consistent with the increase in the dividend, the Board of Directors has declared a quarterly cash dividend of $0.44 per share on outstanding Class A Ordinary Shares, reflecting a 10% increase from $0.40 per share. The dividend is payable May 15, 2019 to shareholders of record on May 1, 2019. About Aon
Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Follow Aon on Twitter: https://twitter.com/Aon_plc Sign up for News...
03/12/19
Aon's New Ventures Group accelerates the firm's Intellectual Property Solutions
Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announces its commitment to further develop its innovation portfolio and deliver new sources of value to clients through the New Ventures Group (NVG). The NVG is now formally sponsoring the firm's Intellectual Property Solutions (IPS) to help manage clients' intangible assets and expand the marketplace. The NVG, which comprises a team of senior leaders, was formed in Q4 2018 to help realize the full potential of the Aon United growth strategy. The NVG focuses on the rapid incubation and delivery of new high-impact sources of value for clients. Aon's new IPS offerings exemplify this approach, as IP is more important than ever as businesses recognize a paradigm shift from tangible to intangible assets. Firms need to both identify and manage risks surrounding business-critical and proprietary data, and develop and execute strategies for maximizing...
03/06/19
Aon confirms it is not pursuing business combination with Willis Towers Watson
Aon plc (NYSE: AON) today issued the following statement: Consistent with Aon's stated focus on return on invested capital the firm regularly evaluates a variety of potential opportunities within and adjacent to its industry. Aon had considered such a possibility with regard to Willis Towers Watson. News of that consideration subsequently became public and Aon was required to issue a statement because Willis Towers Watson is an Irish company and is subject to Irish regulatory requirements. As a result of media speculation, those regulations required Aon to make the disclosure at a very early stage in the consideration of a potential all-share business combination. Aon today confirms that it does not intend to pursue this business combination. As a result of this announcement, Aon is bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules. Aon reserves the right within the next 12 months to set aside this announcement where so permitted under Rule 2.8 (including Rule...
03/05/19
Aon announcement made under Irish regulatory requirements
Aon plc (NYSE: AON) (the "Company") notes the recent media speculation regarding Willis Towers Watson. The Company confirms that it is in the early stages of considering an all-share business combination with Willis Towers Watson. The Company emphasizes that, at this point, its evaluation of a potential transaction is at a preliminary stage and there can be no certainty that any transaction will take place nor as to the form or terms on which any transaction might be pursued. A further announcement will be made in due course, as appropriate. In accordance with Rule 2.4 of the Irish Takeover Rules, Aon reserves the right to vary the form and/or mix of consideration described in this announcement. About Aon Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility...
02/13/19
Aon Releases 2019 Cyber Security Risk Report: "What's Now and What's Next"
Aon plc (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, released its 2019 Cyber Security Risk Report today. The report, which details the greatest cyber security threats and challenges organizations are currently facing, discusses that as companies continue to use technology to speed up the transfer of information, game-changing business opportunities are created, as well as increased cyber risk. "In 2018 we witnessed that a proactive approach to cyber preparation and planning paid off for the companies that invested in it, and in 2019, we anticipate the need for advanced planning will only further accelerate," said J. Hogg, CEO of Cyber Solutions at Aon. "Leaders must work to better insulate their companies and their processes, while simultaneously identifying the ways they can benefit from the opportunities offered through technology and digital transformation." Hogg continued: "Our 2019 report also shows...
02/12/19
Combined cost of winter storms and extreme cold lead to billion-dollar damage in the U.S. -- Aon catastrophe report
Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, has launched its Global Catastrophe Recap – January 2019 . This evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience. The report reveals that multiple winter storms and extreme cold led to 45 fatalities and a billion-dollar economic cost in the United States. A wind chill temperature of -54°C (-65°F) was recorded in the U.S. Midwest in late January following an extreme outbreak of Arctic air. Excessive rainfall caused significant damage to the agricultural sector, and additionally to property and infrastructure in Argentina, Uruguay, Paraguay, and Brazil. The Confederation of Rural Associations of Argentina estimated agricultural damage alone at USD2.3 billion. Australia recorded its hottest month on record - 30°C (86°F) - in January since data began being kept in 1910. Less than normal...
02/01/19
Aon Reports Fourth Quarter and Full Year 2018 Results
Fourth Quarter Key Metrics as Reported Under U.S. GAAP(1) Total revenue decreased 5% to $2.8 billion, including a decrease of $225 million, or 8%, related to the FASB's new revenue recognition standard Operating margin decreased 270 basis points to 18.0%, including a decrease of 450 basis points related to the FASB's new revenue recognition standard EPS increased to $1.13, including a decrease of $0.53 related to the FASB's new revenue recognition standard Fourth Quarter Key Metrics as Comparable to Pro Forma Financials and Highlights(1) Total revenue increased 3% to $2.8 billion, including 6% organic revenue growth Operating margin increased 180 basis points to 18.0%, and operating margin, adjusted for certain items, increased 280 basis points to 25.8% EPS increased to $1.13, and EPS, adjusted for certain items, increased 19% to $2.16 Repurchased 1.2 million Class A Ordinary Shares for approximately $200 million Full Year Key Metrics as Reported Under U.S. GAAP(1) Total revenue...
01/22/19
Weather catastrophes drive majority of $225 billion economic cost of natural perils in 2018 - Aon catastrophe report
Aon plc (NYSE:AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today launches its Weather, Climate & Catastrophe Insight: 2018 Annual Report . This evaluates the impact of global natural disaster events to identify trends, manage volatility and enhance resilience. The report reveals that 394 natural catastrophe events in 2018 generated economic losses of USD225 billion. Of that total, private sector and government-sponsored insurance programs covered USD90 billion of the total – the fourth-highest year on record. This means the protection gap, which is the portion of economic losses not covered by insurance, was 60 percent and at its lowest level since 2005. The biggest driver of catastrophes in 2018 was the tropical cyclone peril following several significant landfalling storms. This included Hurricane Michael and Hurricane Florence (United States), Typhoon Jebi and Typhoon Trami (Japan), Typhoon Mangkhut...
01/11/19
Aon Announces Fourth Quarter and Full Year 2018 Earnings Release and Conference Call
Aon plc (NYSE: AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, plans to announce fourth quarter and full year 2018 results on Friday, February 1 st , 2019 in a news release to be issued before the market opens. Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday February 1 st , 2019. The conference call will be broadcast live through Aon's website at www.aon.com . Adobe Flash is required to listen to this webcast. A replay will be available shortly after the live webcast. The earnings release and supplemental slide presentation will be available on Aon's web site at www.aon.com . About Aon Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve...
01/09/19
Aon Declares Quarterly Dividend
Aon plc (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that the Board of Directors has declared a quarterly cash dividend of $0.40 per share on outstanding Class A Ordinary Shares. The dividend is payable February 15, 2019 to shareholders of record on February 1, 2019. About Aon Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. Follow Aon on Twitter: https://twitter.com/Aon_plc
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01/09/19
Hole Designations and Scoring System Announced for $1 Million Aon Risk Reward Challenge on the 2019 LPGA Tour
Exciting season-long challenge will highlight player decision-making and performance on the most strategically challenging holes The Ladies Professional Golf Association (LPGA) and Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, today announced the hole designations and scoring system on the LPGA Tour for the Aon Risk Reward Challenge, an exciting new performance-based program that serves as Aon's opening chapter of a multi-year partnership with both the LPGA and PGA TOUR. The season-long Aon Risk Reward Challenge will highlight the world's best professional golfers as they tackle the most strategically challenging holes across both the LPGA and PGA TOUR. The player from each Tour on top of the Aon leaderboard at the end of the regular season will each receive a $1 million prize. Each week, Aon will bring golf fans an in-depth look at the carefully selected tournament challenge hole by providing an...