Aon plc

Company facts

Industry

Insurance Agents, Brokers & Service

Headquarters

Dublin 2

Most recent report

8-K, filed Sep 22, 2026

Filings on record

1,000+ filings

On EDGAR

CIK 315293

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 9 positive, 5 notable, and 5 negative flags.

• Legal Proceedings (Item 1)

  Core financials, segment trends, buyback ramp, legal exposure, and debt maturities.
  Positive

  • Share repurchases doubled to $1.1B (6mo 2026) from $500M, and Board added $7.5B to authorization.
  Notable

  • Effective tax rate rose to 22.0% (Q2 2026) from 15.5% (Q2 2025), due to geographic income mix and discrete items.
  Negative

  • Vesttoo fraud-related litigation with $197M accrual (Q4 2023, reduced by $23M in Q3 2025), pending claims, company expects to defend.

• Unregistered Sales and Repurchases (Item 2)

  Dense results with segment divergence, buyback boost, debt maturities, and restructuring detail.
  Positive

  • Revenue up 2% to $4.2B, with 5% organic growth driven by net new business and retention. Q2 2026.
  • Risk Capital revenue up 5% to $3.0B, driven by strong organic growth in Commercial and Reinsurance. Q2 2026.
  • Human Capital op ex down 8% to $1.1B, driven by lower compensation and amortization from NFP sale. Q2 2026.
  • Operating margin improved to 21.5% from 20.7%, driven by organic growth and restructuring savings. Q2 2026.
  • Operating cash flow up 5% to $986M for H1 2026, driven by strong adjusted operating income growth.
  • NFP integration costs substantially completed at June 30, 2026, reducing future one-time expenses.
  • Share repurchase authorization increased by $7.5B in June 2026, totaling $35.0B; $7.7B remaining at June 30.
  Notable

  • Operating expenses up 1% to $3.3B, slower than revenue growth, reflecting restructuring savings. Q2 2026.
  • Risk Capital op ex up 4% to $2.1B, driven by organic growth and non-recurring gains in prior year. Q2 2026.
  • Accelerating Aon United restructuring program expected to cost $1.3B total, with $1.077B incurred to date.
  • New shelf registration filed July 2, 2026, registering an indeterminate amount of debt, equity, and convertible securities.
  Negative

  • Human Capital revenue down 4% to $1.2B, primarily due to the sale of the NFP Wealth business. Q2 2026.
  • Net income fell 5% to $551M, hurt by a $73M decrease in Other income vs the prior year. Q2 2026.
  • Diluted EPS down to $2.58 from $2.66, reflecting the net income decline. Q2 2026.
  • $521M 8.205% Junior Subordinated Notes due Jan 2027 classified as current debt; company plans to repay from operations.

• Unregistered Sales and Repurchases (Item 2)

  Aon added $7.5B to buyback plan in June 2026; total now $35B, a material capital allocation change.
  Positive

  • Aon added $7.5B in June 2026 to its buyback authorization, bringing total to $35B, signaling strong cash return plans.

What changed: Jun 2026 vs. Mar 2026

About 7% of AON's Jun 2026 10-Q is new information. 34 paragraphs were added, 188 changed, and 29 removed. Below are the most important lines SECSift identified.

• Item 2 92
• Item 1 60
• Item 3 4
• Item 4 2
• Item 6 2