Aon plc reported strong results in the second quarter of 2024, with 6% total organic revenue growth across all solution lines. The company’s Commercial Risk segment showed double-digit growth in EMEA and LatAm, with strong growth in North America driven by net new business and strong retention. NFP’s contribution to total revenue growth was consistent with Aon’s performance, showcasing strong results even in the midst of the acquisition.
The company highlighted the power of its united firm to deliver solutions where they are greatly needed, citing a unique solution created for the war risk insurance market in Ukraine. This innovative structure enabled economic recovery and rapid investment in reconstruction and resilience during the war.
The Q2 results demonstrated progress against Aon’s financial guidance and its 3×3 plan, which focuses on delivering Risk Capital and Human Capital solutions through the Aon Client Leadership Model. The company is on track to drive adjusted operating margin expansion over the full year on a combined firm basis and the long-term through ongoing revenue growth and efficiencies from Aon Business Services.
Aon’s focus on talent acquisition and capability building in areas like construction and energy is driving growth opportunities, especially in the middle market segment. The company’s emphasis on bringing in new talent with enhanced capabilities and tools is expected to further strengthen its position in the market and support long-term growth.
Overall, Aon’s strong financial results in Q2 position the company well to continue driving progress against its 3×3 plan and deliver results in 2024 and beyond. With a focus on innovation, client solutions, and strategic talent acquisitions, Aon is poised for continued success in the global marketplace.
