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Companies / Financials / Aon plc
AON

Aon plc

FinancialsInsuranceS&P 500
Ticker AONDUBLIN 2, L2Fiscal year ends DecemberBook value per share $44.73Diluted shares 214.6M

Aon plc (NYSE: AON) is a leading global professional services firm headquartered in Ireland and operating through its website at aon.com. The company serves clients in more than 120 countries across all market segments and nearly every industry, providing actionable analytic insight, risk capital expertise, and human… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$17.18BFY2025
+9.4% year over year
Last 12 mo $17.58B
25.28%FY2025
+0.9 percentage points
Last 12 mo 26.48%
$3.75BFY2025
+37.9% year over year
Last 12 mo $3.98B
42.59%FY2025
−5.8 percentage points
Last 12 mo 40.78%
Cash & financing
$3.48BFY2025
+14.7% year over year
Last 12 mo $3.53B
$3.22BFY2025
+14.2% year over year
Last 12 mo $3.25B
1.63FY2025
Was 2.78× a year earlier
Last 12 mo 1.56
217.1MFY2025
+2.2% year over year
Last 12 mo 214.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Aon plc does

In the company’s own words

Aon plc (NYSE: AON) is a leading global professional services firm headquartered in Ireland and operating through its website at aon.com. The company serves clients in more than 120 countries across all market segments and nearly every industry, providing actionable analytic insight, risk capital expertise, and human capital solutions that help organizations make better risk and people decisions.

Aon operates through two primary reportable segments. The Risk Capital segment, which generated approximately 66% of 2025 revenue at $11,290 million, encompasses Commercial Risk Solutions, Reinsurance Solutions, and related services. Commercial Risk Solutions provides brokerage and consulting services including insurance and specialty brokerage, global risk consulting, captives management, and affinity programs across property, casualty, financial and professional lines, construction, transportation, energy, cyber, and other specialized areas. Reinsurance Solutions includes treaty reinsurance, facultative reinsurance, strategic consulting, and capital markets advisory services. The Human Capital segment contributed approximately 34% of revenue at $5,907 million and includes Health Solutions, which offers consulting, brokerage, consumer benefits, compensation, and talent advisory services, and Wealth Solutions, providing retirement consulting, pension administration, and investment advisory services.

The company employs approximately 60,000 colleagues globally and generated consolidated total revenue of $17,181 million in 2025. Aon's business model centers on higher-margin, capital-light professional services with recurring revenue streams and strong cash flow generation. The company generates revenues primarily through commissions from insurance and reinsurance companies, fees for consulting and analytics services, and client fees for advice and consulting services. Aon typically holds funds on behalf of clients, including premiums and claims in transit, which are segregated and invested in interest-bearing premium trust accounts.

The company competes with numerous global, regional, and local firms including Marsh McLennan, Willis Towers Watson, Arthur J Gallagher & Company, and Lockton Companies, as well as insurance companies marketing directly and emerging technology-enabled competitors. Aon's competitive advantages include its extensive global data and analytics capabilities, proprietary tools and platforms, integrated Risk Capital and Human Capital expertise, and the Aon United strategy that delivers coordinated solutions across the firm's service lines.

Company details
Sector
Financials
Industry (SIC)
Insurance
Headquarters
DUBLIN 2, L2
Fiscal year end
December
CIK
315293
SIC
6411

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.76B$3.52B$8.79B$14.06B$19.33B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Aon plc — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

252
funds hold it
4 of 35
superinvestors hold it
$12.01B
held by funds, at market
17.2%
of shares held by funds

Superinvestors in Aon plc · what they did last quarter

Seth KlarmanDECREASED -10.7%
Baupost Group
4.2%of 13F portfolio
Wallace WeitzUNCHANGED
Weitz Investment Management
4.9%of 13F portfolio
Polen CapitalDECREASED -87.9%
Polen Capital Management
0.5%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Aon plc’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.09%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.11%of fund net assets
Dodge & Cox Stock Fund
DODGX · Dodge & Cox Funds
1.03%of fund net assets
Dodge & Cox International Stock Fund
DODFX · Dodge & Cox Funds
1.25%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.33%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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