NYSE$AON
Aon plc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Aon reported a 2% increase in total revenue to $3.1 billion in the fourth quarter of 2022, driven by strong organic revenue growth and increased fiduciary investment income.
Aon delivered a strong fourth quarter, with total revenue increasing 2% to $3.1 billion, including 5% organic revenue growth. Operating margin improved to 32.3%, and adjusted EPS increased 5% to $3.89. The company also repurchased $675 million in shares.
- Total revenue increased 2% to $3.1 billion, with organic revenue growth of 5%.
- Operating margin increased 70 basis points to 32.3%, and adjusted operating margin increased 40 basis points to 33.2%.
- EPS decreased 19% to $3.14, while adjusted EPS increased 5% to $3.89.
- Aon repurchased 2.3 million class A ordinary shares for approximately $675 million.
Headline financials
Revenue & EPS history
Aon · Revenue · Quarterly
$3.13B
Revenue by segment
Aon · $3.13B total across 4 segments · Q4 2022
- Commercial Risk$1.82B—58.1%
- Health$678M—21.6%
- Wealth$353M—11.3%
- Reinsurance$281M—9.0%
Forward guidance
The company expects an unfavorable impact from foreign currency translation on adjusted operating income for the first quarter and full year 2023.
Tailwinds
- Continued strong retention in Commercial Risk Solutions.
- Net new business generation across segments.
- Management of the renewal book portfolio.
- Ongoing investments in Aon Business Services-enabled technology platforms.
- Technology investments to drive long-term growth.
Headwinds
- Expected unfavorable impact of approximately $0.13 per share from foreign currency translation in Q1 2023.
- Expected unfavorable impact of approximately $0.12 per share from foreign currency translation for full year 2023.
- Lower external deal volume impacting Transaction Solutions in U.S. retail brokerage.
- Potential for continued unfavorable impact of exchange rates on the remeasurement of assets and liabilities.
- Higher incentive compensation payments following strong performance in 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-0.6%
Avg return
Earnings day
-1.2%
Avg return
5 days after
+1.4%
Avg return
30 days after
33%
11 / 33 earnings
Positive
+5.1%
Q1 2021
Best reaction
-9.4%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.0% | -1.1% | +1.3% | |
| Q4 2025 | +2.0% | +2.1% | -2.2% | |
| Q3 2025 | +3.8% | +4.1% | +7.8% | |
| Q2 2025 | +4.6% | -0.4% | +5.2% | |
| Q1 2025 | -8.0% | -2.8% | -2.3% | |
| Q4 2024 | +0.3% | -1.1% | +4.0% | |
| Q3 2024 | -0.5% | +0.1% | +6.3% | |
| Q2 2024 | +0.0% | +0.8% | +12.0% | |
| Q1 2024 | +0.0% | -4.4% | -15.5% | |
| Q4 2022 | +0.0% | -0.5% | +2.7% | |
| Q3 2023 | -4.0% | -2.5% | +3.2% | |
| Q2 2023 | -5.1% | -4.1% | -1.5% | |
| Q1 2023 | -2.3% | -3.8% | -6.7% | |
| Q3 2022 | +2.4% | -1.1% | +8.8% | |
| Q2 2022 | -0.6% | -2.3% | -2.4% | |
| Q1 2022 | -9.4% | -8.1% | -11.4% | |
| Q3 2021 | -0.4% | -8.2% | -8.4% | |
| Q2 2021 | -1.4% | -1.7% | +8.1% | |
| Q1 2021 | +5.1% | +6.3% | +5.9% | |
| Q3 2020 | -1.5% | -1.8% | +10.6% | |
| Q2 2020 | -1.1% | -4.3% | -3.5% | |
| Q1 2020 | +3.2% | +2.6% | +14.1% | |
| Q3 2019 | -1.4% | +1.7% | +4.3% | |
| Q2 2019 | -1.2% | -3.9% | -3.9% | |
| Q1 2019 | +0.3% | -2.2% | -1.0% | |
| Q3 2018 | +1.6% | +4.1% | +7.5% | |
| Q2 2018 | -2.5% | -4.0% | -1.9% | |
| Q1 2018 | -0.4% | +0.9% | +0.1% | |
| Q3 2017 | -3.3% | -5.5% | -8.3% | |
| Q2 2017 | -0.0% | +0.9% | -0.1% | |
| Q1 2017 | +1.2% | +1.2% | +7.2% | |
| Q3 2016 | +2.7% | -0.8% | +5.0% | |
| Q2 2016 | -3.0% | -0.6% | -0.3% |
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