AON PLC Reports Second Quarter FY2023 Earnings Results on June 30 2023
August 26, 2023
🌥️Earnings Overview
AON PLC ($NYSE:AON) reported total revenue of USD 3177.0 million for the second quarter of FY2023, a 6.5% increase from the same period of the prior year. Net income for the quarter was USD 560.0 million, up 11.8% year-on-year. The results, announced on June 30 2023, showed strong growth.
Stock Price
On Friday, June 30th 2023, AON PLC reported earnings results for the second quarter of FY2023. The stock opened the day at $334.9, but by the close of the trading session, had dropped by 5.1%, closing at $319.8. This was a significant decrease from the company’s last closing price of $337.1. Despite the decrease in both revenue and net income, AON PLC’s CEO expressed confidence in their performance.
“We are pleased with our performance this quarter,” they said, “We have seen an increase in our market share and remain committed to providing quality service for our customers.” The company’s stock price has generally been trending downward since late April and, with these latest results, it may not be able to recover any time soon. Investors should monitor AON PLC’s performance over the coming quarters to determine whether there is any potential for a rebound in their stock price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Aon Plc. More…
| Total Revenues | Net Income | Net Margin |
| 12.87k | 2.67k | 20.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Aon Plc. More…
| Operations | Investing | Financing |
| 3.22k | -196 | -1.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Aon Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 36.05k | 35.89k | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Aon Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 16.0% | 28.5% |
| FCF Margin | ROE | ROA |
| 22.9% | -91825.0% | 6.4% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of AON PLC‘s financials. We have categorized them as “Rhino”, based on our star chart, indicating that the company has achieved moderate revenue or earnings growth. Given that AON PLC is strong in dividend, profitability, and medium in asset and growth, investors who seek a stable and reliable investment may find this company of interest. Moreover, our health score assessment of 9 out of 10 highlights the company’s ability to pay off debt and fund its future operations. This suggests that AON PLC would be a viable option for those looking for an investment they can trust. More…
Peers
Aon PLC is a leading global professional services firm that provides a broad range of risk, reinsurance, retirement and health solutions. Its competitors are Markel Corp, Gourmet Ocean Products Inc, Beeyu Overseas Ltd.
– Markel Corp ($NYSE:MKL)
Markel Corporation is a financial holding company that, through its subsidiaries, engages in a variety of insurance, reinsurance, and investment activities worldwide. The company has a market capitalization of $15.71 billion as of 2022 and a return on equity of 1.8%. Markel Corporation was founded in 1930 and is headquartered in Glen Allen, Virginia. The company’s primary operating subsidiaries include Markel Specialty, Markel International, Markel American, and Markel Ventures. Markel Specialty provides insurance products and services to a range of niche markets, including collector vehicles, sports and leisure, and healthcare professionals. Markel International writes insurance and reinsurance business in the United Kingdom, Europe, Canada, Asia, Latin America, and Australia. Markel American provides insurance products for a variety of personal and commercial lines of business, including homeowners, automobile, boat, and umbrella coverage. Markel Ventures invests in a variety of businesses, including insurance and reinsurance, healthcare, technology, and industrial products.
– Gourmet Ocean Products Inc ($TSXV:GOP.H)
Gourmet Ocean Products Inc is a seafood company with a market cap of 1.25M as of 2022. The company has a Return on Equity of 15.42%. The company is involved in the fishing, processing, and distribution of seafood products.
– Beeyu Overseas Ltd ($BSE:532645)
The company’s market cap is $35.35 million as of 2022. Its ROE is -46.14%. The company is engaged in the business of providing international education and training services. It offers a range of services, including academic counseling, admissions services, English-language training, and cultural exchange programs.
Summary
On June 30, 2023 AON PLC reported its earnings results for the second quarter of FY2023. Total revenue saw an increase of 6.5% year-on-year to USD 3177.0 million while net income grew 11.8% to USD 560.0 million. Despite the positive results, the stock price moved down the same day.
Investors should take note of AON’s increasing revenues and profits, which could bode well for the company’s long-term prospects. Looking ahead, investors should keep an eye out for any changes in AON’s financial results and assess the company’s potential to generate a strong return on investment.
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