Business News: Aon Reports Second Quarter 2019 Results

LONDON (STL.News) –  Aon plc (NYSE: AON) today reported results for the three months ended June 30, 2019:

Second Quarter Key Metrics From Continuing Operations

  • Total revenue increased 2% to $2.6 billion, with organic revenue growth of 6%
  • Operating margin increased from (0.6)% to 15.8%, and operating margin, adjusted for certain items, increased 240 basis points to 24.4%
  • EPS increased from $0.19 to $1.14, and EPS, adjusted for certain items, increased 9% to $1.87
  • For the first six months of 2019, cash flow from operations decreased 13% to $361 million, and free cash flow decreased 16% to $255 million

Second Quarter Highlights

  • Repurchased 5.8 million Class A Ordinary Shares for approximately $1.05 billion
  • Announced a 10% increase to the quarterly cash dividend
  • Aon’s New Ventures Group announced the launch of its global Public Sector Partnership, which is accountable for taking an Aon United approach across solution lines and geographies to consistently bring the best of Aon to governments and leading social sector institutions as clients

WARNING: this is NOT the complete report.