Aon plc reported strong third-quarter 2024 results on October 25, 2024, with total revenue increasing 26% to $3.7 billion compared to the prior year period. This growth was driven by 7% organic revenue growth and acquired revenues from NFP. Adjusted diluted earnings per share (EPS) surged 17% to $2.72, reflecting robust operating performance.
The company achieved an adjusted operating margin of 24.6%, an increase of 30 basis points year-over-year, and 70 basis points when compared to the combined 2023 margin baseline of Aon and NFP. Free cash flow for the first nine months of 2024 totaled $1.7 billion. CEO Greg Case highlighted that all solution lines achieved 6% or greater organic growth, demonstrating broad-based strength.
Aon reaffirmed its full-year 2024 guidance for mid-single-digit or greater organic revenue growth, margin expansion, and double-digit free cash flow growth. The NFP acquisition continued to perform in line with expectations, contributing $26 million in EBITDA year-to-date. The company repurchased 0.9 million shares for approximately $300 million in the quarter, with $2.5 billion remaining authorization.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.