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Aon recently reported its fourth-quarter and full-year 2022 earnings results and shared how the success of the past year set the firm up to be in a position of strength for 2023. Key highlights for the fourth- quarter of 2022 include:

• Total revenue increased 2 percent to $3.1 billion, including organic revenue growth of 5 percent;
• Operating margin increased 70 basis points to 32.3 percent, and operating margin, adjusted for certain items, increased 40 basis points to 33.2 percent; and
• EPS decreased 19 percent to $3.14, and EPS, adjusted for certain items, increased 5 percent to $3.89.

Key highlights for the full year include:

• Total revenue increased 2 percent to $12.5 billion, including organic revenue growth of 6 percent;
• Operating margin increased 1,230 basis points to 29.4 percent, and operating margin, adjusted for certain items, increased 70 basis points to 30.8 percent;
• EPS increased 119 percent to $12.14, and EPS, adjusted for certain items, increased 12 percent to $13.39; and
• Cash flows from operations increased 48 percent to $3,219 million and free cash flow increased 48 percent to $3,023 million, both all-time highs.

“A strong performance in the fourth quarter through 2022 and our strong momentum as we start 2023 continues to reflect tremendous dedication by our colleagues and the power of our Aon United strategy,” said Greg Case, chief executive officer of Aon. “2022 was a year in which we continue to see clients focus on both the challenges and opportunities from increasing global risk, and the opportunities to engage clients continues to grow.”

For more information about Aon’s financial performance, please visit our Investor Relations site and view this quarter’s presentation.