Aon (AON) Goldman Sachs U.S. Financial Services Conference summary

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.