Stock Analysis
Aon (NYSE:AON) Full Year 2024 Results
Key Financial Results
- Revenue: US$15.7b (up 17% from FY 2023).
- Net income: US$2.65b (up 3.5% from FY 2023).
- Profit margin: 17% (down from 19% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: US$12.55.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aon EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%.
In the last 12 months, the only revenue segment was Insurance Brokers contributing US$15.7b. Notably, cost of sales worth US$8.33b amounted to 53% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$2.47b (52% of total expenses). Explore how AON's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Aon, and understanding this should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:AON
Aon
A professional services firm, provides a range of risk and human capital solutions worldwide.
