AON PLC (AON): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No complexo mundo do gerenciamento e seguro de risco global, a AON PLC (AON) se destaca como uma potência transformadora, navegando estrategicamente no intrincado cenário da mitigação de riscos corporativos. Ao alavancar um modelo de negócios inovador que integra perfeitamente a tecnologia avançada, a profunda experiência no setor e uma rede profissional global, a AON oferece soluções abrangentes que capacitam as organizações a entender, antecipar e gerenciar estrategicamente seus riscos comerciais mais críticos. Essa abordagem dinâmica posicionou a AON como líder de mercado, oferecendo insights incomparáveis ​​e valor estratégico em diversos setores da indústria.

AON PLC (AON) - Modelo de Negócios: Principais Parcerias

Transportadoras de seguros globais e provedores de resseguros

A Aon colabora com as principais operadoras de seguros globais:

Parceiro de seguro	Detalhes da parceria	Volume anual estimado
Swiss Re	Transferência de risco de resseguro	US $ 2,3 bilhões
Munique re	Soluções globais de gerenciamento de riscos	US $ 1,9 bilhão
Lloyd's of London	Colocação de seguros especializada	US $ 1,6 bilhão

Empresas de tecnologia e análise de dados

As parcerias de tecnologia estratégica incluem:

• Microsoft Azure - Infraestrutura em nuvem
• Palantir Technologies - Analytics de dados
• Snowflake - plataformas de dados avançadas

Empresas de consultoria e serviços profissionais

Parceiro	Foco de colaboração	Valor anual de colaboração
Deloitte	Consultoria em gerenciamento de riscos	US $ 450 milhões
Pwc	Soluções de risco corporativo	US $ 375 milhões

Instituições acadêmicas e de pesquisa

• Harvard Business School - Risco Research
• Universidade de Stanford - Estudos de segurança cibernética
• MIT Sloan School of Management - Parcerias de Inovação

Desenvolvedores de software de gerenciamento de risco

Provedor de software	Integração de tecnologia	Investimento anual
ServiceNow	Fluxo de trabalho de gerenciamento de riscos	US $ 125 milhões
Software Guidewire	Integração da plataforma de seguro	US $ 95 milhões

AON PLC (AON) - Modelo de negócios: Atividades -chave

Serviços de consultoria e consultoria de risco

Em 2023, a AON gerou US $ 11,9 bilhões em receita total dos serviços de consultoria de risco. A empresa atende 120 países com mais de 50.000 profissionais de gerenciamento de riscos.

Categoria de serviço	Receita anual	Alcance global
Gerenciamento de riscos corporativos	US $ 4,2 bilhões	60 países
Consultoria de risco estratégico	US $ 3,7 bilhões	45 países

Correta e colocação de seguros

A Aon colocou US $ 278 bilhões em prêmios de seguro globalmente em 2023.

• Colocação de seguros comerciais: US $ 215 bilhões
• Colocação de resseguro: US $ 63 bilhões

Soluções de talento e recompensas

O segmento de consultoria de capital humano da AON gerou US $ 2,6 bilhões em receita durante 2023.

Tipo de serviço	Receita anual	Base de clientes
Estratégia de compensação	US $ 1,1 bilhão	Mais de 5.000 clientes corporativos
Avaliação de talentos	US $ 850 milhões	3.500 organizações globais

Segurança cibernética e mitigação de riscos

Os serviços de gerenciamento de riscos cibernéticos geraram US $ 1,5 bilhão em receita para a AON em 2023.

• Colocação de seguros cibernéticos: US $ 750 milhões
• Consultoria de segurança cibernética: US $ 750 milhões

Análise de dados e pesquisa

A Aon investiu US $ 350 milhões em recursos de análise de dados em 2023.

Plataforma de análise	Investimento anual	Pontos de dados analisados
Risk Insights Platform	US $ 150 milhões	500 milhões de pontos de dados
Modelagem preditiva	US $ 200 milhões	250 milhões de cenários de risco

AON PLC (AON) - Modelo de negócios: Recursos -chave

Extensa rede global de talentos profissionais

A partir de 2023, a AON emprega mais de 50.000 profissionais em 120 países. Aparelhamento profissional da força de trabalho:

Categoria profissional	Número de funcionários
Especialistas em gerenciamento de riscos	18,500
Consultores de seguros	15,200
Especialistas em análise de dados	6,300
Profissionais de tecnologia	5,700

Plataformas avançadas de tecnologia de gerenciamento de risco

A infraestrutura tecnológica da AON inclui:

• Plataformas de avaliação de risco cibernético
• Sistemas de análise preditiva
• Soluções de gerenciamento de risco baseadas em nuvem

Dados proprietários e ferramentas analíticas

A propriedade intelectual da AON inclui:

• Bancos de dados de risco global com mais de 500.000 perfis de risco
• Ferramentas de modelagem de catástrofe
• Algoritmos de previsão atuarial

Banco de dados de relacionamento forte do cliente

Estatísticas do portfólio de clientes:

Segmento de cliente	Número de clientes
Fortune 500 empresas	3,200
Empresas do mercado intermediário	12,500
Corporações globais	1,800

Capital intelectual e experiência no setor

Investimento de pesquisa e desenvolvimento: US $ 425 milhões em 2023

• 18 centros de pesquisa globais
• 325 Profissionais de pesquisa especializados
• Publicação anual de mais de 50 relatórios de insight da indústria

AON PLC (AON) - Modelo de Negócios: Proposições de Valor

Soluções abrangentes de gerenciamento de riscos

A AON PLC fornece soluções de gerenciamento de riscos em toda a empresa com receita total de US $ 12,4 bilhões em 2022. A empresa oferece estratégias de transferência de risco que cobrem vários segmentos do setor.

Serviço de gerenciamento de riscos	Valor anual de cobertura
Soluções de risco corporativo	US $ 4,6 bilhões
Gerenciamento de riscos especializados	US $ 3,2 bilhões
Consultoria de risco global	US $ 2,8 bilhões

Estratégias de seguro e resseguro personalizadas

A AON fornece soluções de seguro personalizadas em 120 países com modelos de cobertura especializados.

• Volume de colocação de resseguros: US $ 85,3 bilhões
• Redução média de risco ao cliente: 37%
• Estruturas de seguro específicas do setor

Informações orientadas a dados para a tomada de decisão estratégica

Utilizando análises avançadas e modelagem preditiva, a AON processa mais de 2,5 petabytes de dados de risco anualmente.

Capacidade de análise	Métrica de desempenho
Modelos de risco preditivos	98,4% de taxa de precisão
Previsão de risco ao cliente	92% de precisão

Rede global e inteligência de mercado

A AON opera em 120 países com 50.000 funcionários, fornecendo inteligência abrangente de risco global.

• Base internacional de clientes: mais de 50.000 organizações
• Cobertura de gerenciamento de risco transfronteiriço
• Avaliações de risco de mercado global em tempo real

Abordagens de mitigação de risco econômicas

Implementando estratégias de redução de risco orientadas por tecnologia que otimizem o gasto do cliente.

Estratégia de otimização de custos	Economia média do cliente
Gerenciamento de riscos habilitado para tecnologia	Redução de custos de 22%
Plataformas de seguro integradas	18% de eficiência operacional

AON PLC (AON) - Modelo de Negócios: Relacionamentos do Cliente

Modelo de parceria estratégica de longo prazo

A Aon atende 120 países com mais de 50.000 clientes em todo o mundo. As parcerias estratégicas incluem 95% das empresas da Fortune 500. A duração média do relacionamento com o cliente excede 12 anos.

Categoria de cliente	Taxa de retenção	Impacto anual da receita
Grandes empresas	92.5%	US $ 4,2 bilhões
Clientes do mercado intermediário	87.3%	US $ 1,8 bilhão

Equipes de atendimento ao cliente dedicados

A Aon mantém 3.200 gerentes especializados de relacionamento com clientes. A proporção média de cliente para gerente é 15: 1.

• Especialistas em gerenciamento de riscos dedicados
• Profissionais de consultoria específicos do setor
• Equipes globais de gerenciamento de contas

Plataformas de autoatendimento digital

O uso da plataforma digital aumentou 67% em 2023. O portal on -line lida com 42% das interações com os clientes.

Métricas de plataforma digital	2023 dados
Usuários digitais ativos	85,000
Transações digitais anuais	1,2 milhão

Avaliação e Avaliação de Riscos Contínuos

Realiza 24.000 avaliações abrangentes de risco anualmente. Ciclo médio de avaliação de risco: 6 meses.

Abordagem de consultoria personalizada

Soluções personalizadas para 98% dos compromissos de clientes. Valor médio do projeto de consultoria: US $ 750.000.

Segmento de consultoria	Receita anual	Taxa de satisfação do cliente
Gerenciamento de riscos	US $ 3,6 bilhões	94%
Aviso de seguro	US $ 2,1 bilhões	91%

AON PLC (AON) - Modelo de Negócios: Canais

Força de vendas direta

A partir de 2024, a AON emprega aproximadamente 50.000 profissionais de vendas globais em várias regiões. A força de vendas direta gera cerca de US $ 12,4 bilhões em receita anual por meio de interações diretas dos clientes.

Região de vendas	Número de representantes de vendas	Contribuição anual da receita
América do Norte	22,500	US $ 5,6 bilhões
Europa	14,000	US $ 3,9 bilhões
Ásia -Pacífico	8,500	US $ 2,1 bilhões
Resto do mundo	5,000	US $ 800 milhões

Plataformas digitais e portais online

As plataformas digitais da AON atendem mais de 120.000 clientes corporativos por meio de soluções on -line integradas. Os canais digitais geram aproximadamente US $ 2,7 bilhões em receita anual.

• Plataforma de gerenciamento de riscos on -line
• Mercado de seguros digital
• Portais de autoatendimento do cliente
• Interfaces de aplicativos móveis

Redes de corretor

A AON colabora com 5.200 parceiros de corretores independentes em todo o mundo, representando um canal de distribuição adicional que contribui com US $ 3,5 bilhões em receita anual.

Categoria de rede de corretores	Número de parceiros	Contribuição da receita
Grandes corretores corporativos	850	US $ 1,8 bilhão
Corretores do mercado intermediário	2,750	US $ 1,2 bilhão
Corretores especiais	1,600	US $ 500 milhões

Conferências e eventos profissionais

A Aon hospeda e participa anualmente de 320 conferências da indústria global, gerando cerca de US $ 450 milhões em oportunidades de negócios diretas e indiretas.

Conteúdo direcionado de marketing e liderança de pensamento

A AON produz mais de 1.200 publicações de pesquisa e materiais de liderança de pensamento anualmente, atingindo 500.000 tomadores de decisão corporativos em 120 países.

Tipo de conteúdo	Volume anual	Alcance estimado
Relatórios de pesquisa	450	250.000 executivos
White Papers	350	150.000 profissionais
Insights da indústria	400	100.000 líderes corporativos

AON PLC (AON) - Modelo de negócios: segmentos de clientes

Grandes empresas multinacionais

A Aon atende a 70% das empresas da Fortune 500 em todo o mundo. Receita anual deste segmento: US $ 4,2 bilhões em 2023.

Setor da indústria	Número de clientes	Valor médio anual do contrato
Tecnologia	412	US $ 1,8 milhão
Fabricação	356	US $ 2,3 milhões
Energia	287	US $ 3,1 milhões

Empresas de tamanho médio

O segmento corporativo de tamanho médio representa 25% da base total de clientes da AON. Receita anual: US $ 1,6 bilhão em 2023.

• Tamanho médio do cliente: 500-2.500 funcionários
• Valor anual típico do contrato: US $ 350.000 a US $ 750.000
• Indústrias primárias: serviços profissionais, varejo, logística

Instituições de Serviços Financeiros

O segmento de serviços financeiros gera US $ 2,1 bilhões em receita anual. A base de clientes inclui 45% das instituições bancárias globais.

Setor financeiro	Número de clientes	Serviços de gerenciamento de riscos
Bancos comerciais	214	Avaliação abrangente de risco
Bancos de investimento	87	Soluções de seguro complexas
Companhias de seguros	132	Estratégias de resseguro

Organizações de saúde

Receita do segmento de assistência médica: US $ 1,3 bilhão em 2023. Serve 60% das principais redes hospitalares da América do Norte.

• Tipos de clientes: hospitais, grupos médicos, sistemas de saúde
• Serviços primários: benefícios dos funcionários, gerenciamento de riscos
• Valor médio do contrato: US $ 450.000 a US $ 1,2 milhão

Entidades do governo e do setor público

O segmento do setor público gera US $ 750 milhões em receita anual. Serve 35 países em vários níveis governamentais.

Nível do governo	Número de clientes	Foco principal do serviço
Federal	42	Gerenciamento de riscos complexos
Estado/provincial	128	Programas de benefícios para funcionários
Municipal	256	Serviços de Consultoria de Seguros

AON PLC (AON) - Modelo de Negócios: Estrutura de Custo

Compensação de talentos profissionais

Para o ano fiscal de 2022, a AON registrou despesas totais de remuneração e benefícios de US $ 5,898 bilhões, representando uma parcela significativa de seus custos operacionais.

Categoria de compensação	Valor (2022)
Despesas totais de compensação	US $ 5,898 bilhões
Salário médio (equipe profissional)	$135,000
Compensação executiva	US $ 24,3 milhões (caso Greg, CEO)

Investimentos de infraestrutura de tecnologia

A Aon investiu US $ 667 milhões em despesas de tecnologia e desenvolvimento em 2022.

• Infraestrutura de computação em nuvem: US $ 189 milhões
• Sistemas de segurança cibernética: US $ 112 milhões
• Plataformas de análise de dados: US $ 215 milhões
• Licenciamento e manutenção de software: US $ 151 milhões

Despesas de pesquisa e desenvolvimento

As despesas de P&D para a AON em 2022 totalizaram US $ 312 milhões.

Área de foco em P&D	Investimento
Soluções de análise de risco	US $ 142 milhões
Transformação digital	US $ 87 milhões
AI e aprendizado de máquina	US $ 83 milhões

Marketing e desenvolvimento de negócios

As despesas de marketing e desenvolvimento de negócios para 2022 foram de US $ 413 milhões.

• Marketing Digital: US $ 156 milhões
• Conferências e eventos de vendas: US $ 87 milhões
• Programas de engajamento do cliente: US $ 104 milhões
• Desenvolvimento da marca: US $ 66 milhões

Organização operacional global

A sobrecarga operacional total para a AON em 2022 totalizou US $ 1,287 bilhão.

Categoria de sobrecarga	Quantia
Instalações e imóveis	US $ 387 milhões
Viagens e transporte	US $ 214 milhões
Despesas administrativas	US $ 356 milhões
Legal e conformidade	US $ 330 milhões

AON PLC (AON) - Modelo de negócios: fluxos de receita

Comissões de corretagem de seguros

Em 2022, a AON gerou US $ 12,2 bilhões em receita total dos serviços de corretagem de seguros. As comissões representaram aproximadamente 65% desse total, o que equivale a aproximadamente US $ 7,93 bilhões.

Categoria de receita	2022 quantidade	Porcentagem da receita total
Comissões de corretagem de seguros	US $ 7,93 bilhões	65%

Taxas de consultoria de risco

As taxas de consultoria de risco contribuíram com US $ 3,1 bilhões para o fluxo de receita da AON em 2022, representando aproximadamente 25% da receita total da empresa.

Serviços de assinatura de dados e análises

Os serviços de assinatura de dados e análises da AON geraram US $ 860 milhões em receita para 2022, representando 7% da receita total.

Tipo de serviço de assinatura	2022 Receita
Assinaturas de análise de risco	US $ 450 milhões
Assinaturas de análise de talentos	US $ 410 milhões

Soluções de gerenciamento de talentos

A Talent Management Solutions produziu US $ 620 milhões em receita para 2022, representando 5% da receita total da empresa.

Receitas consultivas baseadas em transações

Os serviços de consultoria baseados em transações geraram US $ 470 milhões em receita para 2022.

Tipo de serviço de consultoria	2022 Receita
Fusões e aquisições consultivas	US $ 270 milhões
Consultor de risco de transação	US $ 200 milhões

Repartição total da receita para 2022:

• Comissões de corretagem de seguros: US $ 7,93 bilhões
• Taxas de consultoria de risco: US $ 3,1 bilhões
• Assinaturas de dados e análises: US $ 860 milhões
• Soluções de gerenciamento de talentos: US $ 620 milhões
• Aviso baseado em transações: US $ 470 milhões

Aon plc (AON) - Canvas Business Model: Value Propositions

You're looking at the core offerings that make Aon plc indispensable to its clients right now. It's about translating complex global uncertainty into manageable business decisions.

Integrated solutions at the intersection of Risk Capital and Human Capital.

Aon structures its value around these two core pillars, which you can see reflected in the revenue performance through the third quarter of 2025. The combined strength allows for holistic risk and people management.

Metric	Q3 2025 Amount	Year-over-Year Growth (Q3 2025)
Total Revenue	$4.0 billion	7%
Risk Capital Revenue	$2.5 billion	7%
Human Capital Revenue	$1.5 billion	8%

For context on the full year 2024, Total Revenue was $15,698 million, with Risk Capital at $10,517 million and Human Capital at $5,209 million before certain intercompany eliminations.

Actionable analytic insights to quantify and manage volatility.

The firm emphasizes using data to move beyond simple placement. This is evident in the organic growth across solution lines, such as Health Solutions showing 6% organic revenue growth in Q3 2025. Aon's strength is in its advanced analytics tools and consultancy services that help manage volatility.

Clarity and confidence for clients to make 'better decisions.'

This value proposition is supported by the firm's financial stability and commitment to shareholders. Aon announced a 10% increase to its quarterly dividend in Q1 2025, marking the 15th consecutive year of dividend growth. Management is on track to reach its leverage objective of 2.8-3.0x Debt/EBITDA by Q4 2025.

Access to diverse and alternative risk capital, including captives.

Clients are actively looking beyond traditional insurance. Favorable market conditions in mid-2025 offered opportunities for clients to leverage a combination of captives, parametric triggers, structured, and facultative solutions alongside standard risk transfer.

Tailored advisory services for complex risks like cyber and climate change.

The focus on complex, data-driven solutions is critical for emerging threats. Aon's 2025 Cyber Risk Report revealed specific financial impacts:

• Cyber events causing reputation risks resulted in an average shareholder value decline of 27 percent.
• Malware and Ransomware attacks were responsible for 60 percent of all reputation risk events identified.
• These reputation risk events made up only 45 percent of total cyber incidents analyzed.

Aon operates in over 120 countries, providing locally relevant solutions enabled by data and analytics.

Finance: draft 13-week cash view by Friday.

Aon plc (AON) - Canvas Business Model: Customer Relationships

You're looking at how Aon plc structures its connection with clients to drive that mid-single-digit or greater Organic revenue growth they targeted for 2025. Honestly, it's all about embedding themselves deeply into the client's decision-making process.

Dedicated, high-touch Aon Client Leadership Model for all segments

Aon plc is executing on its commitment to deliver to all client segments through the Aon Client Leadership model, a key pillar of the 3x3 Plan initiated in 2024. This isn't just a slogan; it's a structural directive. For instance, the firm appointed Anne Corona as CEO of enterprise clients and global chief commercial officer in March 2025, a move supporting the next-generation Aon Client Leadership strategy aimed at integrated solutions. You see the focus on the largest clients already; in 2024, their globally connected approach covered nearly 1,000 of their most critically important global clients. Plus, new business for that Enterprise Client Group was up five points above the Aon average in 2024.

Long-term, advisory relationships focused on enterprise-wide resilience

The relationships are designed to be long-term and advisory, moving beyond transactional policy placement to address enterprise-wide resilience, especially given the four interconnected megatrends-Trade, Technology, Weather, and Workforce-driving complexity in 2025. This advisory focus is central to their Risk Capital and Human Capital capabilities. The firm's Q1 2025 Total revenue hit $4.7 billion, reflecting robust demand for these solutions. The goal is to help clients make better decisions on these linked risk and people issues.

Digital self-service and analytical tools for client-led insights

To power these advisory relationships, Aon is deploying AI and advanced analytics to turn data into real-time, actionable insights. They named Magnus Roe as global chief data and analytics officer in March 2025 to advance these capabilities, helping clients make data-informed decisions. Cyber risk remains the top global concern in 2025, and risk managers are actively using advanced analytics to align coverage with their risk tolerance. This digital push is a core part of the 3x3 Plan.

Managed services for ongoing administration of health and wealth programs

For the Human Capital side, especially health and wealth administration, the scale of client engagement is significant, often involving managing cost pressures. Here's a snapshot of the data points Aon is dealing with in their client service delivery for 2025:

Metric/Survey Group	Data Point	Year/Period
U.S. Health Systems Survey Respondents	155 health systems	2025
Employees Represented in Health Survey	More than 3.6 million employees	2025
Health Systems Citing Cost Management as Primary Concern	93%	2025
Median PEPY Health Spend (Before Plan Changes)	$15,860	2025
Global Benefits Trends Study Participants	Over 500 HR professionals	2025

Also, in benefits governance, leading multinationals are three times more likely to have their global benefits strategy reviewed and endorsed by senior management. If onboarding takes 14+ days, churn risk rises, so efficiency in administration matters.

Leveraging Aon Business Services for standardized, efficient service delivery

The entire client service structure is accelerated by Aon Business Services (ABS), which is designed to create additional capacity for client-facing colleagues and deliver services faster and more effectively. The goal of the 3x3 Plan is to use the global ABS platform to ensure consistently excellent service. This platform supports the firm's overall financial execution; for example, Aon reported Q2 2025 sales of US$4.16 billion, with net income attributable to shareholders at $579 million for the quarter, showing operational scale supports client delivery. You can see the commitment to efficiency; in 2024, the firm realized savings from Accelerating Aon United restructuring actions, partially offsetting compensation increases.

• The firm operates in over 120 countries.
• The Aon United strategy aims for connectivity across solution lines.
• The CEO noted that accelerating ABS helps redefine how capabilities are delivered.

Aon plc (AON) - Canvas Business Model: Channels

You're looking at how Aon plc gets its value propositions-the risk capital and human capital expertise-into the hands of its clients. It's a multi-pronged approach that blends physical presence with sophisticated digital tools. This isn't just about selling insurance; it's about delivering integrated advice across a massive global footprint.

The foundation of Aon plc's channel strategy is its sheer scale. As of early 2025, the firm provides clients with locally relevant solutions in over 120 countries. This physical network of local offices and client-facing colleagues is crucial for understanding regional regulatory nuances and specific client needs, which is vital when you consider their Full Year 2024 Total Revenue hit $15,698 million.

To handle the volume generated by this global reach and to drive efficiency, Aon plc relies on specialized support structures.

• Centralized Client Service Hubs manage back and middle-office support functions.
• These hubs help maintain the 6% Organic revenue growth Aon plc delivered in Full Year 2024.
• They ensure standardized service delivery across disparate geographies.

The push toward digital channels is significant, especially in the complex cyber risk space. The CyQu e-submission platform is a prime example of how Aon plc streamlines the insurance intake process directly with the client.

CyQu Channel Metric	Data Point (as of late 2024/early 2025 reporting)
Clients Benchmarked in CyQu Database	Over 10,000
Total Client Users of CyQu	20,000
Clients Included in 2025 Cyber Risk Report Data	3,226 Aon clients (reported in 2024)
Insurers Aligned via CyQu Submission Process (U.S. & EMEA)	Over 65

This platform isn't just for data collection; it's a direct advisory channel. It uses analytics to offer peer comparisons and security control benchmarks, helping clients enhance their control posture annually. It definitely helps move the needle on risk management decisions.

For the re/insurer segment, the advisory channel is more consultative, using proprietary tools to guide strategy. The Profitable Growth Tool, for instance, is a direct advisory service built on Aon plc's analysis of over 100 global re/insurers.

Profitable Growth Tool Benchmarking Detail	Specification
Basis of Analysis	Over 100 global re/insurers
Self-Assessment Rating Scale	One to five
Key Performance Categories Assessed	Seven essential performance categories

This tool allows insurers to self-assess and then meet with Aon plc experts to define actionable steps. It's a high-touch advisory channel that supports the firm's broader strategy, which is expected to generate enough Free Cash Flow in 2025 to support $1 billion in share repurchases.

Finally, the most direct channel remains the engagement with client leadership teams. This is where the integrated advice from both Risk Capital and Human Capital expertise is delivered to the C-suite to shape major decisions.

• Direct engagement focuses on aligning risk and people strategies.
• This is where the value of integrated data and analytics is conveyed to drive action.
• It supports the firm's goal of delivering mid-single-digit or greater Organic revenue growth in 2025.

Finance: draft 13-week cash view by Friday.

Aon plc (AON) - Canvas Business Model: Customer Segments

You're looking at Aon plc's client base as of late 2025, which is clearly segmented to address varying levels of complexity and scale across the global economy. The firm's reported total revenue for the nine months ended September 30, 2025, was $12,881 million, reflecting a 7% organic revenue growth in the third quarter alone.

Aon plc structures its client service around major solution lines, which directly map to these customer groups. For the twelve months ending June 30, 2025, the revenue breakdown by these major service lines was:

Service Line	Revenue (TTM ending June 30, 2025)
Commercial Risk Solutions	$8.22 billion
Health Solutions	$3.74 billion
Reinsurance Solutions	$2.73 billion
Wealth and Retirement Solutions	$2.08 billion
Data and Analytic Services	$1.21 billion

This structure shows Commercial Risk Solutions as the largest revenue generator.

Large global corporations (Enterprise clients) with complex risk profiles.

This group represents Aon plc's most sophisticated clients, where the globally connected approach is key. In 2024, the firm's Enterprise Client Group covered nearly 1,000 of its most critically important global clients. These clients drive significant activity within the Commercial Risk Solutions and Reinsurance Solutions segments. The company's 2025 guidance reaffirms a commitment to delivering mid-single digit or greater organic revenue growth, which is heavily influenced by retaining and expanding share with these large accounts.

Middle Market clients, a key growth focus following the NFP acquisition.

The acquisition of NFP was explicitly designed to expand Aon plc's presence in this large and fast-growing segment. The NFP platform specifically targets businesses with revenues generally between $50 million to $2 billion. The total consideration for the NFP acquisition was estimated at $13.4 billion at the time of close, funded by $7 billion in cash and $6.4 billion in Aon stock. For Aon plc, the transaction is expected to be dilutive to adjusted Earnings Per Share (EPS) in 2025, with positive impacts to free cash flow estimated to begin in 2026. Aon expects $2.8 billion in value creation from synergies, including $350 million in annual savings by 2026.

Reinsurance companies (ceding companies) requiring capital and treaty solutions.

These clients are served primarily through the Reinsurance Solutions segment, which generated $2.73 billion in revenue for the twelve months ending June 30, 2025. In the fourth quarter of 2024, Reinsurance organic revenue reached 6%, supported by strong treaty placements and increased insurance-linked securities, such as catastrophe bonds.

Financial Institutions, Healthcare, Technology, and Energy sectors.

These industry verticals are served across the solution lines. The Health Solutions segment generated $3.74 billion in revenue for the twelve months ending June 30, 2025. Growth in Commercial Risk Solutions, which brought in $8.22 billion, is driven by client demand across these complex sectors, especially as they navigate transitions related to Technology and Weather megatrends.

Aon plc's overall market valuation reflects investor confidence in this strategy, with a price-to-earnings ratio of 27.2x as of November 20, 2025, which is higher than the industry average of 13x.

Governments and public sector entities.

While specific revenue data for this group isn't broken out, these entities are served through the broader Commercial Risk and Human Capital solution sets, requiring the same integrated advice on risk and human capital management that Aon plc offers its other large clients. The company operates in over 120 countries, providing a global footprint to serve these public sector needs.

Finance: draft 13-week cash view by Friday.

Aon plc (AON) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive Aon plc's operations as of late 2025. Honestly, for a firm this size, the cost structure is dominated by people and technology, which makes sense given the service-based nature of the business.

Predominantly variable cost driven by Compensation and benefits (Q3 YTD: $6.868 billion)

Compensation and benefits is Aon plc's largest cost component, which is typical for a professional services firm. This cost scales with revenue generation, making it largely variable. For the nine months year-to-date (YTD) ending September 30, 2025, this expense reached $6.868 billion. Compare that to the $6.163 billion recorded for the same period in 2024, showing a clear increase driven by 7% organic revenue growth and foreign exchange impacts, though partially offset by restructuring savings. The expense for the third quarter (Q3) alone in 2025 was $2.259 billion.

Here's a quick look at the personnel cost trend:

Metric	Q3 2025 Amount (Millions USD)	Q3 YTD 2025 Amount (Billions USD)	Q3 2024 YTD Amount (Billions USD)
Compensation and benefits expense	2,259	6.868	6.163

Significant investment in Information technology and proprietary platforms

Aon plc continues to invest heavily in its technology backbone to support its Aon United strategy and Aon Business Services (ABS). Information technology expense for Q3 2025 was $140 million, with the YTD figure reaching $412 million. While this is an increase from the $397 million recorded YTD in 2024, the Q3 2025 figure actually showed a slight decrease of $1 million compared to Q3 2024, suggesting some efficiency gains are starting to materialize in that specific quarter.

Integration and restructuring costs related to the Accelerating Aon United program

Costs associated with the Accelerating Aon United program, which focuses on standardizing operations and integrating platforms, are winding down but still present. For Q3 2025, the expense for this program was $32 million. This represents a significant year-over-year reduction, decreasing by $37 million, or 54%, compared to Q3 2024's $69 million. The initial plan projected total cash charges of approximately $900 million over three years, with expected savings of $250 million targeted for 2025. You should also note the integration costs related to the NFP acquisition were lower in Q3 2025 compared to the prior year.

General and administrative expenses for global real estate and operations

General and administrative costs, often captured in Selling, General & Administrative (SG&A) expenses, are being actively managed. SG&A expenses for the twelve months ending September 30, 2025, totaled $1.653 billion, marking a 5.7% decline year-over-year from 2024's $1.641 billion. This reduction is partly due to real estate optimization efforts. Premises expense, a component of these operational costs, decreased by 3% in Q3 2025 compared to the prior year period, directly reflecting savings from the Aon United restructuring actions.

Key operational cost movements include:

• Amortization and impairment of intangible assets rose to $193 million in Q3 2025.
• Other general expense was $425 million in Q3 2025, a slight decrease of $4 million year-over-year.
• Depreciation of fixed assets remained flat in Q3 2025 compared to the prior year.

Interest expense on debt, partially offset by interest income

Financing costs reflect Aon plc's debt structure. For Q3 2025, the reported Interest income was - (zero or negligible) on the Consolidated Statements of Income. However, looking at earlier periods, Interest expense in Q2 2025 was ($418) million, which was a decrease from the prior year, reflecting lower total debt. For Q1 2025, the Interest expense was ($206) million. Interest income for the six months ended June 30, 2025, was $5 million.

Finance: draft 13-week cash view by Friday.

Aon plc (AON) - Canvas Business Model: Revenue Streams

You're looking at how Aon plc brings in money, which is heavily reliant on fees and commissions from its core professional services across risk and human capital.

Total revenue for the first nine months of 2025 was reported at $12.881 billion. This reflects a 12% total revenue increase compared to the first nine months of 2024, which was $11.551 billion.

Organic revenue growth remains a key driver for Aon plc, with the company reaffirming its expectation to deliver mid-single-digit or greater growth for the full year 2025.

The revenue streams are primarily generated through the following activities:

• Commission and fee income from Commercial Risk Solutions: This is a major component of the Risk Capital segment.
• Reinsurance brokerage fees and commissions from Reinsurance Solutions: This segment showed specific growth metrics, with 8% organic revenue growth reported for the third quarter of 2025.
• Consulting and advisory fees from Human Capital (Health and Wealth Solutions): This area saw significant top-line expansion.

Here's a look at some of the segment revenue figures we have for the first half of 2025, which gives you a sense of the scale of these streams:

Segment/Metric	Period Ending March 31, 2025 (Q1)	Period Ending June 30, 2025 (Q2)
Risk Capital Revenue	$3.2 billion	$2.9 billion
Human Capital Revenue	$1.5 billion	$1.3 billion
Risk Capital YoY Revenue Increase	7% (or $216 million)	8%
Human Capital YoY Revenue Increase	40% (or $442 million)	15%

The Human Capital segment, which includes Health Solutions and Wealth Solutions, showed a substantial 40% year-over-year revenue increase in the first quarter of 2025, reaching $1.5 billion for that quarter.

To be defintely clear, the growth in the first nine months of 2025 was supported by strong execution against the 3x3 Plan, which is designed to scale data analytics and drive sustainable top-line growth across these core areas.