Insurance broker Aon reported second quarter revenue of $4.2 billion, an 11% increase from $3.8 billion in Q2 2024.
Aon said its Q2 revenue reflected 6% organic revenue growth (v
ersus 5% in Q2 2024), along with the contribution from last year’s acquisition of NFP and 1% favorable impact from foreign currency translation.
“Organic revenue growth in Q2 ’25 was in line with our mid-single-digi
or greater guidance range,” said Greg Case, president and CEO of Aon, during an analysts’ call on July 25 to discuss Q2 results. “Growth was broad-based with t
hree of our four solution lines – Commercial Risk, Reinsurance and Health – each delivering 6% organic revenue growth, reflecting strong new business performance and high retention.”
Revenue for the first half was $8.884 billion, an increase of 13% fro
m $7.830 billion in H1 2024, with H1 2025 organic growth of 5%.
(Broker competitor Marsh McLennan reported organic revenue of 4% during both Q2 2025 and H1 2025).
Q2 net income attributable to Aon shareholders increased 10% to $579 million, compared to $524 million in the prio
r year period. Adjusted net income attributable to Aon shareholders increased 22% to $759 million, compared to $624 million in the prior year period.
For the six months ended June 30, 2024, Aon reported net income a
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ttributable to shareholders of $1.544 billion, a 3% drop from $1.595 billion in H1 2024. Adjusted net income during H1 2025 was $1.995 billion, a 14% increase from $1.757 billion in the same period last year.
Risk Capital Business Segment
Aon’s Risk Capital business segment, which includes Commercial Risk Solutions and Reinsurance Soluti
ons, saw revenue increase $216 million, or 8%, to $2.9 billion, while Human Capital revenue increased $166 million, or 15%, to $1.3 billion.
Commercial Risk Solutions reported revenue of $2.178 billion during Q2 2025, an 8% increase from $2.015 billion during the same period last year. Organic revenue growth of 6% in Commercial Risk Solutions “reflects growth across all major geographies driven by net new business and ongoing strong retention. Performance was highlighted by strong growth globally in core P&C and strength in M&A services relative to the prior year,” Aon said.