• Sat. May 8th, 2021

Aon Reports First Quarter 2020 Results

Marty Smith

ByMarty Smith

May 2, 2020
Aon Reports First Quarter 2020 Results

DUBLIN (STL.News) Aon plc (NYSE: AON) today reported results for the three months ended March 31, 2020.

Aon Reports First Quarter 2020 Results reports First Quarter Key Metrics From Continuing Operations:

  • Total revenue increased 2% to $3.2 billion, including organic revenue growth of 5%
  • Operating margin increased to 32.1%, and operating margin, adjusted for certain items, increased 200 basis points to 35.7%
  • EPS increased to $3.29, and EPS, adjusted for certain items, increased 11% to $3.68
  • For the first three months of 2020, cash flows from operations increased $264 million to $338 million, and free cash flow increased $262 million to $279 million

Aon First Quarter Highlights

  • Entered into a definitive agreement for an all-stock combination with Willis Towers Watson to accelerate innovation on behalf of clients
  • Repurchased 2.2 million Class A Ordinary Shares for approximately $460 million
  • Completed the acquisition of CoverWallet, expanding the Company’s position in the fast-growing commercial insurance market for small and medium-sized businesses, as well as the opportunity to leverage CoverWallet’s platform to develop and scale innovative digital client experiences
  • Subsequent to the close of the quarter, the Company completed the move of the jurisdiction of incorporation for the firm’s parent company to Ireland

NOTE: this is NOT the complete release.

CLICK to VIEW COMPLETE RELEASE

Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.