Aon plc. - Ordinary Shares - Class A

Aon plc. - Ordinary Shares - Class A

AON

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Market Cap$76.48B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Aon plc. - Ordinary Shares - Class AAon plc. - Ordinary Shares - Class A19.80.85%41%4.41.6

Earnings Call Q2 2026

July 29, 2026 - AI Summary

Strong Q2 + resilient through-the-cycle performance (good/surprising): - Organic revenue +5%; total revenue +2% YoY to $4.2B. - Adjusted operating margin +70 bps to 28.9% and adjusted EPS +9% YoY to $3.81. - Free cash flow $483M (management notes strong cash generation; guidance assumes durability). - Emphasis that results are in line with objectives despite a transitioning pricing cycle and accelerated AI/tech change.
Growth is broad-based and driven by fundamentals, not pricing (good): - All four solution lines grew ~5% organic. - New business contribution is highly durable: new business contributed ~10 points in Q2 and has been 9–11 points for nine consecutive quarters. - Retention mid-90s; commercial risk +40 bps and reinsurance +20 bps improvement in retention-related performance. - Management says growth is correlated more to business investment/clients’ demand (e.g., property & equipment/large accounts) than to pure pricing.
Commercial Risk + Reinsurance: property pressure offset, pipeline strengthening (good + mixed): - Commercial Risk organic +5%; highlighted P&C strength in EMEA and North America and 5th consecutive double-digit Construction growth (data-center pipeline conversion). - M&A services tempered Q2 growth due to tougher comps (Q2 2025 had elevated close activity), but announced transaction volumes are up 60% → expected tailwind for rest of 2026. - Reinsurance organic +5% despite meaningful rate pressure; driven by new logos (+15–20% lower rates offset by strong new business) and continued strategy/tech demand.

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$387.93

Target Price by Analysts

7.6% upsideAon plc. Target Price DetailsTarget Price
$369.38

Current Fair Value

2.4% upside

Undervalued by 2.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$76.48 Billion
Enterprise Value$91.12 Billion
Dividend Yield$3.06 (0.85%)
Earnings per Share$17.13
Beta0.71
Outstanding Shares213,800,000

Return

Return on Equity40.63%ROE
Return on Assets7.36%
Return on Invested Capital17.75%

Valuation & Multiples

P/E Ratio19.77P/E Ratio
PEG-408.75PEG
Price to Sales4.4Price to Sales
Price to Book Ratio8.01Price to Book Ratio
Enterprise Value to Revenue5.18
Enterprise Value to EBIT19.65
Enterprise Value to Net Income23
Total Debt to Enterprise0.17
Debt to Equity1.62Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 29, 2026
EPS Estimate
$3.80
Average shareholder expectation
Revenue Estimate
$4.28 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 30, 2026
EPS Estimate
$3.41
Average shareholder expectation
Revenue Estimate
$4.11 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 78.75%
Total Calls- 100.00%
Total Puts1,400 99.21%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.64% 83.90%
Total Invested$4.37B 92.79%
Investors Holding502 775.00%

ESG Score

No data

About Aon plc.

50,000 employees

Aon plc 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.

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation. Its work directly influences corporate tax structures, capital investment credits, and the overall tax burden on industries and financial markets, which profoundly impacts Aon's own corporate structure and its clients' profitability.

Finance

This is one of the most powerful committees impacting Aon. It controls taxation (corporate valuations), trade (affecting global clients), and entitlement spending (influencing healthcare policy like Medicare pricing, directly relevant to Aon's health solutions business).

Health, Education, Labor, and Pensions

This committee directly regulates areas central to Aon's core businesses. Its oversight of healthcare policy (e.g., FDA, NIH) impacts Aon's health solutions, and its jurisdiction over labor laws and pension regulations (e.g., minimum wage, unionization) directly affects Aon's retirement and labor consulting services.

Banking, Housing, and Urban Affairs

Aon operates in the 'Finance and Insurance' sector. This committee regulates the entire financial system, including federal oversight of financial institutions (many of which are Aon's clients) and broader financial stability. Although insurance is largely state-regulated, federal financial oversight has direct implications for Aon's operating environment and client base.

Foreign Relations

Aon operates in 120 countries, making it highly susceptible to U.S. foreign policy, sanctions, and geopolitical risks. The committee's actions directly influence global markets, sovereign credit risk, and international banking access, all of which shape the risk landscape Aon advises its international clients on.