Aon plc reported second-quarter 2026 results with 5% organic revenue growth and reaffirmed its full-year guidance for mid-single-digit or greater organic revenue growth and 70 to 80 basis points of margin expansion. Total revenue increased 2% to $4.2 billion, adjusted operating margin expanded 70 basis points to 28.9%, and adjusted earnings per share rose 9% to $3.81. Free cash flow was $483 million, including a $267 million tax impact from the sale of the NFP Wealth business. The company repurchased $600 million in shares during the quarter, bringing year-to-date repurchases to $1.1 billion, exceeding its full-year objective of at least $1 billion. New business contributed 10 points to organic revenue growth, marking the ninth consecutive quarter of nine to 11 points, while retention remained at a mid-90s level. All four solution lines delivered 5% organic revenue growth, with construction achieving double-digit growth for the fifth straight quarter, driven by a record data center pipeline. Reinsurance grew 5% despite treaty rates being 15% to 20% lower, supported by strong new business and facultative placements. The company increased its data center program capacity to $5 billion and deployed over $350 million in tuck-in acquisitions year-to-date. Management expressed confidence in delivering through-the-cycle performance, citing the Aon United strategy and investments in talent, technology, and analytics.
Aon PLCAon reported strong Q2 results with 5% organic revenue growth, reaffirmed guidance, and exceeded buyback targets.