Aon Q4’22 earnings call

Aon  hosted its Q4 2022 earnings call on Feb 3, 2023. The highlights:

• Delivered organic revenue growth of 5%, highlighted by 9% growth in reinsurance, 7% growth in Health Solutions and 6% growth in Wealth Solution
• Commercial risk grew 4% in the quarter and 6% for the year
• Delivered double-digit organic revenue growth in Canada and Latin America and strong growth in Europe, the U.K. and Asia Pacific
• In the U.S., otherwise strong results continue to reflect the impact of the external M&A and IPO environment on M&A services – reduced quarterly organic growth by 5%, and annual growth by 2.5%
• The Health Solutions team developed an Aon health analytics platform – “supported by hundreds of data scientists and credential health actuaries”
• This platform is designed to help clients assess and improve their employees’ health, which in turn helps deliver well-being, productivity and lower cost
• The use of AI is increasingly enabling Aon to deliver better solutions to clients –  example – Aon’s new solution for human capital clients which uses an AI-powered search engine that provides them with insights on technology talent globally including geography-based pay differentials
• This “AI-powered search engine” is essential for finding the best technology talent and optimizing within the client’s existing workforce, a key area of growth for many firms
• Mentioned the acquisition of ERN , a Mexico-based company operating in the space of risk assessment modeling
• On its M&A pipeline – focused on “highest priority areas that will bring scalable solutions” to Aon’s clients