
AON · NYSE
Aon is a global professional-services firm that helps businesses, insurers, governments and employers manage risk, insurance, retirement and workforce-related needs. It makes money primarily through advisory and brokerage fees across Commercial Risk Solutions, Reinsurance Solutions, Retirement Solutions and Health Solutions, although the supplied evidence does not provide the approximate revenue contribution of each segment. Its offerings include insurance placement, reinsurance intermediation, risk consulting, retirement advice, health benefits consulting and human-capital services. Aon reports $17.2 billion of FY2025 revenue and $3.7 billion of net income, up from $15.7 billion and $2.7 billion, respectively, in FY2024.
Aon fell 6.45%, from $381.26 to $356.65, extending a decline that accelerated from July 29 through July 31 before easing only modestly on August 3-4. The most material catalyst was Piper Sandler’s downgrade on valuation concerns, despite raising its price target to $377 from $355; the firm said the change reflected higher peer multiples rather than weaker underlying estimates. Aon’s second-quarter update was operationally strong, with 5% organic revenue growth, 70 basis points of adjusted operating-margin expansion and 9% adjusted EPS growth, but that performance did not offset the valuation-related pressure. The supplied evidence identifies no broader market driver or other company-specific news explaining the continued weakness.