Aon (NYSE:AON) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$3.76b (up 18% from 2Q 2023).
- Net income: US$524.0m (down 6.4% from 2Q 2023).
- Profit margin: 14% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$2.47 (down from US$2.74 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Aon EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are up 10% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Aon (including 1 which is a bit unpleasant).
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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.
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About NYSE:AON
Aon
A professional services firm, provides a range of risk and human capital solutions worldwide.
Reasonable growth potential average dividend payer.
