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Rankings/AON/Q1 2024 Analysis

Aon plc

AON
Q1 2024(AON Q4 FY2023)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$616.5M
AI Revenue (Q)
$44.3M
Total Revenue (Q)
$3.0B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.gov

Analysis

Aon reported FY2023 total revenue of $13,376M ($7,043M Commercial Risk, $2,481M Reinsurance, $2,433M Health, $1,431M Wealth). Implied Q4 revenue: $3,375M. The 10-K discloses the NFP acquisition agreement ($7B cash + 20M shares) and the Accelerating Aon United Program. The company describes itself as providing solutions 'enabled by data and analytics.' No AI-specific revenue is disclosed, but the increasing industry adoption of AI tools in insurance and risk analytics likely expanded Aon's AI-embedded offerings. The 10-K mentions 'Digital Client Solutions' and the Strategy and Technology Group's tools including Tyche, ReMetrica, and PathWise. Slight increase to 1.5% reflecting growing AI adoption in professional services analytics. Estimate: ~1.5% of annual revenue (~$201M).
Analyzed by claude-opus-4-6

Quoted Figures

In 2023, our consolidated total revenue was $13,376 million. This includes $7,043 million in Commercial Risk Solutions, $2,481 million in Reinsurance Solutions, $2,433 million in Health Solutions, and $1,431 million in Wealth Solutions
10-K filed for period ending 2023-12-31, Item 1 Business
On December 19, 2023, Aon entered into a definitive agreement...to acquire NFP for an aggregate purchase price of approximately $7 billion in cash and approximately 20,000,000 class A ordinary shares
10-K filed for period ending 2023-12-31, Item 1 Business Overview

AI Products Identified (Ring 1)

Digital Client Solutions (analytics-enhanced risk brokerage)Strategy and Technology Group (Tyche, ReMetrica, PathWise)CoverWallet digital insurance platform

AI-Enabled Items (Ring 2 — Not Counted)

These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.

Accelerating Aon United Program technology modernizationAffinity programs digital distributionGlobal risk consulting quantitative analytics

Confidence Tier

EstimatedNo direct AI revenue disclosure — estimated from product mix