Aon Achieves 6% Organic Growth for Second Consecutive Year

Aon plc has reported impressive financial results for the fourth quarter of 2025, achieving a revenue of $4.3 billion. This marks an increase of $153 million, or 4%, compared to $4.1 billion in Q4 2024.

During this period, Aon experienced organic revenue growth of 5%, slightly down from 6% in the same quarter of the previous year.

Net income attributable to Aon shareholders saw a remarkable increase of 136%, reaching $1.7 billion in Q4 2025, up from $716 million in the prior-year period. Adjusted net income also rose by 9%, totaling $1.1 billion compared to $965 million in Q4 2024.

For the full year of 2025, Aon reported total revenue of $17.2 billion, reflecting a 9% increase from $15.7 billion in 2024. The organic revenue growth for the year remained steady at 6%, consistent with 2024.

Aon’s competitor, Marsh, reported organic growth of 4% during both Q4 and FY 2025.

Net income attributable to Aon shareholders for the full year increased to $3.7 billion, translating to $17.02 per share on a diluted basis, compared to $2.7 billion or $12.49 per share in the previous year.

Business Segments

Aon operates through two primary business segments: Risk Capital, which encompasses Commercial Risk Solutions and Reinsurance Solutions, and Human Capital, which includes Health Solutions and Wealth Solutions.

In the Risk Capital segment, revenue increased by $171 million, or 7%, reaching $2.7 billion. Conversely, Human Capital revenue saw a slight decline of $16 million, or 1%, totaling $1.6 billion.

Commercial Risk Solutions reported Q4 revenue of $2.3 billion, with organic revenue growth of 6%. This growth was driven by strong performance in North America, EMEA, and Latin America, supported by net new business and robust retention rates. Notably, the U.S. core P/C sector experienced significant growth, particularly in construction.

Reinsurance Solutions achieved Q4 revenue of $379 million, reflecting an organic revenue growth of 8%. This growth was bolstered by double-digit increases in insurance-linked securities and contributions from the Strategy and Technology Group. Strong performance in facultative placements was attributed to net new business and high retention, although there was a modest unfavorable market impact.

Health Solutions reported organic revenue growth of 2%, driven by strong performance in core health and benefits, as well as consumer benefits solutions. This growth was supported by net new business and ongoing retention, although it faced some challenges from slower discretionary spending in Talent Solutions and delayed sales closures.

Wealth Solutions also saw organic revenue growth of 2%, primarily due to increased demand for advisory services in the UK and EMEA, influenced by ongoing regulatory changes. This was partially offset by the sale of the NFP Wealth business.

“In the fourth quarter, we delivered 5% organic revenue growth and 16% free cash flow growth, achieving all of our full-year objectives, including a second consecutive year of 6% organic revenue growth,” stated Greg Case, president and CEO.

“Our strategic investments in data-driven insights and capabilities through Aon Business Services are enabling us to meet rising client demand in an increasingly complex environment,” he added. “We are entering 2026 with momentum and are well positioned to continue to deliver for our clients, generate sustainable growth, and create long-term shareholder value.”

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Aon

Aon plc has reported impressive financial results for the fourth quarter of 2025, achieving a revenue of $4.3 billion. This marks an increase of $153 million, or 4%, compared to $4.1 billion in Q4 2024.

During this period, Aon experienced organic revenue growth of 5%, slightly down from 6% in the same quarter of the previous year.

Net income attributable to Aon shareholders saw a remarkable increase of 136%, reaching $1.7 billion in Q4 2025, up from $716 million in the prior-year period. Adjusted net income also rose by 9%, totaling $1.1 billion compared to $965 million in Q4 2024.

For the full year of 2025, Aon reported total revenue of $17.2 billion, reflecting a 9% increase from $15.7 billion in 2024. The organic revenue growth for the year remained steady at 6%, consistent with 2024.

Aon’s competitor, Marsh, reported organic growth of 4% during both Q4 and FY 2025.

Net income attributable to Aon shareholders for the full year increased to $3.7 billion, translating to $17.02 per share on a diluted basis, compared to $2.7 billion or $12.49 per share in the previous year.

Business Segments

Aon operates through two primary business segments: Risk Capital, which encompasses Commercial Risk Solutions and Reinsurance Solutions, and Human Capital, which includes Health Solutions and Wealth Solutions.

In the Risk Capital segment, revenue increased by $171 million, or 7%, reaching $2.7 billion. Conversely, Human Capital revenue saw a slight decline of $16 million, or 1%, totaling $1.6 billion.

Commercial Risk Solutions reported Q4 revenue of $2.3 billion, with organic revenue growth of 6%. This growth was driven by strong performance in North America, EMEA, and Latin America, supported by net new business and robust retention rates. Notably, the U.S. core P/C sector experienced significant growth, particularly in construction.

Reinsurance Solutions achieved Q4 revenue of $379 million, reflecting an organic revenue growth of 8%. This growth was bolstered by double-digit increases in insurance-linked securities and contributions from the Strategy and Technology Group. Strong performance in facultative placements was attributed to net new business and high retention, although there was a modest unfavorable market impact.

Health Solutions reported organic revenue growth of 2%, driven by strong performance in core health and benefits, as well as consumer benefits solutions. This growth was supported by net new business and ongoing retention, although it faced some challenges from slower discretionary spending in Talent Solutions and delayed sales closures.

Wealth Solutions also saw organic revenue growth of 2%, primarily due to increased demand for advisory services in the UK and EMEA, influenced by ongoing regulatory changes. This was partially offset by the sale of the NFP Wealth business.

“In the fourth quarter, we delivered 5% organic revenue growth and 16% free cash flow growth, achieving all of our full-year objectives, including a second consecutive year of 6% organic revenue growth,” stated Greg Case, president and CEO.

“Our strategic investments in data-driven insights and capabilities through Aon Business Services are enabling us to meet rising client demand in an increasingly complex environment,” he added. “We are entering 2026 with momentum and are well positioned to continue to deliver for our clients, generate sustainable growth, and create long-term shareholder value.”

Topics
Aon