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Aon (AON) investor relations material

Aon Goldman Sachs U.S. Financial Services Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Goldman Sachs U.S. Financial Services Conference summary10 Dec, 2025

Strategic priorities and execution

  • Focused on accelerating growth through the 3x3 Plan, targeting Risk Capital, Human Capital, and client-centric expansion for 2024–2026.

  • Achieved 6% organic growth and 10% earnings growth in 2024, with similar trends in 2025 and double-digit free cash flow growth.

  • Execution is now the main focus, leveraging strong financial performance and momentum.

  • Active portfolio management and capital strength support ongoing strategy.

Market environment and megatrends

  • Four megatrends—trade, technology, weather, and workforce—drive complexity and opportunity.

  • Catastrophe bonds market leadership and expansion in insurance-linked securities due to extreme weather.

  • AI and data center construction fueling double-digit growth in related business lines.

  • Rising healthcare costs create demand for global benefits solutions.

  • Trade uncertainty and supply chain disruptions addressed with analytics and diagnostics.

Growth drivers and market impact

  • Risk Capital and Human Capital businesses both growing at mid-single-digit rates; Human Capital benefits more from pricing tailwinds.

  • Innovation in products like Stop Loss Surge and Data Center Lifecycle Program supports resilience and growth.

  • New business and strong client retention drive 9–11 points of growth contribution.

Detail margin expansion building blocks
Quantify Aon's data center revenue opportunity
Impact of talent investment on organic growth
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Frequently asked questions

Professional Services

Aon is a British-American company headquartered in London, with the North American division working out of Chicago. It is a professional services firm providing risk management and consulting services across a wide range of different sectors, as well as data and analytics. The company operates on a global scale with roughly 50,000 employees working across over 100 countries. The name comes from the Gaelic word aon, which translates to one, and the shares of the company’s shares trade on the NYSE.

Born From a Merger

Aon was founded in Chicago in 1982 as the result of a merger between two different insurance companies. The two companies that formed what we today know as Aon, Ryan Insurance Group and Combined Insurance Company of America, did however have lineages tracing much further back than that. The company got its current name in 1987 and quickly built up a global presence through organic growth and several large acquisitions. The company also had a notable sponsor partnership with Manchester United between 2010 and 2015. Looking at a list of the competition gives us examples of similar companies such as Willis Towers Watson and Marsh & McLennan.

Services and Risk Capital

As previously mentioned, Aon provides a host of different services for its clients. These clients can be found in finance, hospitality, insurance, life sciences, logistics, and many other sectors. The company works in two primary divisions: Risk Capital and Human capital.

Within Risk Capital Aon provides, as suggested by the name, various types of risk management. This is done on a consultancy basis, helping companies as well as institutions in the public sector manage risk in various parts of their organizations and operations.

Human Capital

The Human Capital solutions provided by Aon are also incredibly diverse. The company provides services within analytics, health & benefits, workplace wellbeing, investments, and more. All of these combined services provided by Aon means that they can more or less be a one-stop shop for clients looking for consultancy services to help them address a wide array of different needs.

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