Sepoy-logo
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
  • Home
  • News
  • Business
  • Health
  • Tech
  • Lifestyle
  • Economy
  • Crypto
  • Travel
No Result
View All Result
SEPOY.NET
No Result
View All Result
Home Business

Aon publishes Q3 2022 results

Nicholas by Nicholas
October 28, 2022
in Business
0





The Q3 2022 results are in for Aon and the three-month period ended September 30 has been a steady one for the global brokerage and risk management firm.

Among the key financials posted by the group, Aon revealed that its total revenue was flat at $2.7 billion, including organic revenue growth of 5%. Meanwhile, the net income attributable to its shareholders increased to $408 million, compared to a loss of $900 million in the prior year period.

Aon’s total operating expenses dropped 40% year-on-year in Q3 2022 to $2.1 billion, which was largely accredited to the $1.0 billion ‘Termination Fee’ resulting from the termination of its proposed mega-merger with WTW.

Aon provided a breakdown of how each of its business segments fared in the three month period, as seen below:











 

2022

2021

% Change

Organic

Revenue

Growth

Revenue (millions)

$

$

%

%

Commercial Risk Solutions

 1,482

$    1,505

(2) 

5 

Reinsurance Solutions

396

353

12

7

Health Solutions

494

497

(1)

5

Wealth Solutions

326

351

(7)

2

Eliminations

(2)

(4)

N/A

N/A

Total revenue

$    2,696

$    2,702

— %

5 

Commenting on the results seen by the group, CEO Greg Case said: “In the third quarter, our team continued to deliver strong top and bottom-line results, highlighted by 5% organic revenue growth and 16% adjusted EPS growth, and contributing to strong year-to-date progress on our key financial metrics, including 7% organic revenue growth year-to-date, adjusted operating margin expansion of 80 basis points, and strong free cash flow growth.”

He added that the results demonstrate the importance of the group’s ‘Aon United’ strategy in helping clients navigate growing volatility and make “better decisions that protect and grow their business.”

Source

READ ALSO

Ontario’s new approach to emergency response

Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem

Tags: AonGreg CaseQ3 2022

Related Posts

Ontario’s new approach to emergency response
Business

Ontario’s new approach to emergency response

February 7, 2023
Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem
Business

Slowing growth a ‘good thing’ when economy is overheated: BoC’s Macklem

February 7, 2023
PRL Welcomes Emi Adachi to the Team as Calgary Office Leader!
Business

PRL Welcomes Emi Adachi to the Team as Calgary Office Leader!

February 7, 2023
Extension covering “influx of water” trumps broad form flood exclusion
Business

Extension covering “influx of water” trumps broad form flood exclusion

February 6, 2023
Did negligence cause mice ingress and water leaks?
Business

Did negligence cause mice ingress and water leaks?

February 6, 2023
Aviva Canada CEO on brokers’ role in climate change mitigation
Business

Aviva Canada CEO on brokers’ role in climate change mitigation

February 6, 2023
Next Post

AXA XL on why the European M&A insurance market is poised for growth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Roblox Is Unbreakable Trello Is this safe?

Roblox Is Unbreakable Trello Is this safe?

November 4, 2022
Discord Registered Games  Discord Registered Gaming You need to join the Club

Discord Registered Games Discord Registered Gaming You need to join the Club

November 4, 2022
How To Chose the Right Data Analytics Program

How To Chose the Right Data Analytics Program

November 4, 2022
Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

Chandrashekhar Guruji Wiki, Age, Girlfriend, Wife, Family, Biography & More

November 4, 2022
Heavy explosion on market square in Halle – three injured

Heavy explosion on market square in Halle – three injured

November 4, 2022

EDITOR'S PICK

What Items Cannot Be Put in a Skip

What Items Cannot Be Put in a Skip

December 14, 2022

VW Passat Variant: practical station wagon subscription

May 23, 2022

Frankfurt author Hanne Kulessa died

July 24, 2022

How Does a Painter Estimate a Paint Job?

June 16, 2022

About

Sepoy.net is a perfect place for people who want daily updates on news related to business, technology, entertainment, health, cryptocurrency etc.

Contact: [email protected]

Major Categories

News

Business

Tech

Economy

 

Recent Posts

  • The Pill Club reaches $18.3 million Medicaid fraud settlement with California
  • Volkswagen operating profit increases
  • The Benefits of Investing in Aluminium Plantation Shutters

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • DMCA
  • Home
  • Privacy Policy

© 2023 Sepoy.net

No Result
View All Result
  • Home
  • Business
  • News
  • Health
  • Tech
  • Science
  • Lifestyle
  • Travel

© 2023 Sepoy.net