Aon misses adjusted EPS consensus for Q1, reports organic growth of 5%

By Scott Vincent

April 25 - (The Insurer) - Aon reported adjusted earnings per share of $5.67 for the first quarter of 2025 before U.S. markets opened on Friday, missing analysts' consensus estimate of $6.01.

The broker reported organic growth of 5% for the quarter, in line with its 2025 guidance for mid-single-digit or greater organic expansion.

This compared with organic growth of 6% in Q4 2024 and was in line with the 5% reported in the first quarter of last year.

Aon’s total revenue grew by 16% during the first quarter to $4.73 billion. Operating income was flat at $1.46 billion.

Within its Risk Capital segment, Aon increased revenue by 7% to $3.2 billion, with organic growth of 5% in Commercial Risk Solutions and 4% in Reinsurance Solutions.

In Commercial Risk Solutions, Aon said it had seen growth across all major geographies both through net new business and strong retention, with a modest tailwind from M&A services compared with the prior-year period.

In Reinsurance Solutions, Aon said it had seen growth in treaty alongside a double-digit increase in facultative placements and insurance-linked securities.

Within its Health and Wealth Solutions divisions, Aon reported organic growth of 5% and 8%, respectively.

Aon reported an adjusted operating margin of 38.4% for the quarter, compared with 39.7% in the first quarter of 2024.

The broker also reaffirmed its 2025 guidance, which includes mid-single-digit or greater organic revenue growth, adjusted operating margin expansion, strong adjusted EPS growth and double-digit free cash flow growth.