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Aon Reports Fourth Quarter and Full Year 2018 Results

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    • Financial Results

Aon plc has reported results for the three and twelve months ended December 31, 2018...

Fourth Quarter Key Metrics as Reported Under U.S. GAAP(1)

 

  • Total revenue decreased 5% to $2.8 billion, including a decrease of $225 million, or 8%, related to the FASB's new revenue recognition standard
  • Operating margin decreased 270 basis points to 18.0%, including a decrease of 450 basis points related to the FASB's new revenue recognition standard
  • EPS increased to $1.13, including a decrease of $0.53 related to the FASB's new revenue recognition standard

 

Fourth Quarter Key Metrics as Comparable to Pro Forma Financials and Highlights(1)

 

  • Total revenue increased 3% to $2.8 billion, including 6% organic revenue growth
  • Operating margin increased 180 basis points to 18.0%, and operating margin, adjusted for certain items, increased 280 basis points to 25.8%
  • EPS increased to $1.13, and EPS, adjusted for certain items, increased 19% to $2.16
  • Repurchased 1.2 million Class A Ordinary Shares for approximately $200 million

 

Full Year Key Metrics as Reported Under U.S. GAAP(1)

 

  • Total revenue increased 8% to $10.8 billion, including a decrease of $13 millionrelated to the FASB's new revenue recognition standard
  • Operating margin increased 380 basis points to 14.3%, including a decrease of 20 basis points related to the FASB's new revenue recognition standard
  • EPS increased 180% to $4.29, including a decrease of $0.05 related to the FASB's new revenue recognition standard

 

Full Year Key Metrics as Comparable to Pro Forma Financials and Highlights(1)

 

  • Total revenue increased 8% to $10.8 billion, including 5% organic revenue growth
  • Operating margin increased 380 basis points to 14.3%, and operating margin, adjusted for certain items, increased 220 basis points to 25.0%
  • EPS increased to $4.29, and EPS, adjusted for certain items, increased 26% to $8.16
  • Cash flow from operations increased 152% to $1,686 million and free cash flow increased 198% to $1,446 million
  • Repurchased 10.0 million Class A Ordinary Shares for approximately $1.4 billion

 

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