Aon experiences This fall and full-year figures
Additionally, net income from continuing operations attributable to Aon shareholders for the fourth quarter was $ 524 million, or $ 2.27 per share, compared to $ 374 million, or $ 1.58 per share, last year. Other metrics included operating margin, which rose to 24.0% for the fourth quarter and 25.1% for the full year, while earnings per share (adjusted for certain items) rose 4% to $ 2.62 for the quarter and for the year rose 7% to $ 9.81.
The broker repurchased 8.5 million Class A common shares for approximately $ 1.8 billion during the year, with 3.9 million shares repurchased in the fourth quarter.
In certain segments, Aons Commercial Risk Solutions saw 4% organic sales growth in the fourth quarter, which was reflected in most major regions and driven by “strong renewal book portfolio maintenance and management,” according to earnings release. Reinsurance Solutions, meanwhile, grew 12% organically, while Retirement Solutions and Data & Analytics Services saw 2% and 8% decreases, respectively. Finally, Aons Health Solutions posted moderate organic sales growth of 2%.
“We achieved a strong result through 2020 with organic sales growth of 2% and EPS growth of 4% in the fourth quarter. For the full year, free cash flow increased $ 1.0 billion to $ 2.6 billion. This is the highest value in the history of our company. This shows the stability of our business and the efficiency of our Aon Business Services platform, ”said CEO Greg Case. “Our team is incredibly proud of the enormous reliability of our colleagues. Once they understood the opportunities and needs that were presented to them, they responded by bringing the best of our company to our customers and each other so that the company could excel in a year of unprecedented challenges. We are entering 2021 in a position of strength, with momentum for Aon and our upcoming combination with Willis Towers Watson. “