Is Aon a big insurance company?
Aon built a global presence through purchases. In 1997, it bought The Minet Group, as well as insurance brokerage Alexander & Alexander Services, Inc. in a deal that made Aon (temporarily) the largest insurance broker worldwide.
Aon reported $12.4 billion in brokerage revenue in 2022, up 1.8% from the prior year, and remains No. 2 in Business Insurance's ranking of the world's largest brokerages.
Although Aon is a major leader in virtually every market it serves, size is not its primary goal. Aon aims to be the world's most responsive, client-focused insurance and consulting services company in the world.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions.
| 235 | Aon | AON |
| 236 | Textron | TXT |
| 237 | Huntsman | HUN |
| 238 | Praxair | PX |
- #1: United Health Group (UNH)
- #2: Berkshire Hathaway Inc. ( BRK.B)
- #3: CVS Health Corp Group (CVS)
- #4: The Cigna Group (CI)
- #5: Elevance Health Inc. ( ELV)
- #6: Centene (CNC)
- #7: Ping An Insurance (PNGAY)
- #8: Allianz (ALIZY)
- #1 State Farm: Editor's Choice. ...
- #2 Geico: Affordable for Most Drivers. ...
- #3 Progressive: Low Rates for High-Risk Drivers. ...
- #4 Allstate. ...
- #5 USAA: Low Rates for Military. ...
- #6 Liberty Mutual: Good Programs for Young Drivers. ...
- #7 Farmers Insurance. ...
- #8 Travelers: Most Coverage Options.
Aon's competitors and similar companies include Marsh McLennan, WTW, Gallagher and JLT Group Holdings. Aon is a professional services company that specializes in risk, health, and wealth solutions.
Mergers & Acquisitions
As reported last December, Aon is acquiring NFP for approximately $13.4 billion. At the time, it was noted that NFP chair and chief executive Doug Hammond will continue to lead the business as an independent but connected platform within Aon.
Our leaders are held to account and colleagues empowered to play a part in creating a diverse, collaborative, supportive and inclusive workplace. Going beyond fair and competitive pay and rewards, our firm offers colleagues a benefits program that supports balance and wellbeing.
Is it hard to get a job at Aon?
Is it hard to get hired at AON? Glassdoor users rated their interview experience at AON as 69.1% positive with a difficulty rating score of 2.93 out of 5 (where 5 is the highest level of difficulty).
| Name | Equities | % |
|---|---|---|
| Vanguard Fiduciary Trust Co. 8.874 % | 17,597,172 | 8.874 % |
| Massachusetts Financial Services Co. 6.290 % | 12,472,342 | 6.290 % |
| BlackRock Advisors LLC 5.291 % | 10,492,556 | 5.291 % |
| Capital Research & Management Co. (World Investors) 4.913 % | 9,741,551 | 4.913 % |
Aon demographics summary.
Aon has 50,000 employees.
The average Aon monthly salary ranges from approximately $3,551 per month for Account Executive to $16,177 per month for Director of Accounting. The average Aon salary ranges from approximately $65,425 per year for Associate Broker to $184,730 per year for Executive Vice President.
In conclusion, Aon plc (AON) generates revenue through its brokerage services, investment income, incentives, and contingent commissions. The company's business model relies on its ability to provide risk management and consulting services to clients across a range of industries and geographies.
Aon has approximately 50,000 employees across 120 countries. Founded in Chicago by Patrick Ryan, Aon was created in 1982 when the Ryan Insurance Group merged with the Combined Insurance Company of America. In 1987, that company was renamed Aon from aon, a Gaelic word meaning "one".
State Farm is the most popular insurance company nationwide, and it also is the most popular company in 19 states. Progressive is the largest insurance company in 21 states, including many New England states, some states in the Midwest, Florida and Texas.
1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.
| Rank | Company | Total assets (US$ Billion) |
|---|---|---|
| 1 | Allianz | 1,261.9 |
| 2 | Axa | 950.6 |
| 3 | Prudential Financial | 940.7 |
| 4 | Ping An Insurance | 883.9 |
Who is the top 5 insurance company?
- #1 Berkshire Hathaway (BRK.B)
- #2 Ping An Insurance (Group) Co. ( PNGAY)
- #3 Allianz SE (ALIZY)
- #4 AXA SA (AXAHY)
- #5 MetLife Inc (MET)
- #6 Prudential PLC (PUK)
- #7 American International Group Inc. ( AIG)
- #8 Allstate Corp. ( ALL)
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
Top Competitors and Alternatives of AON
The top three of AON's competitors in the Pre-Employment Assessment category are Kaggle with 12.11%, Pearson VUE with 8.64%, Korn Ferry with 8.18% market share.
Aon is the only insurance broker with a unified global team dedicated solely to providing specialized insurance brokerage and risk advisory services to consulting and other professional service firms.
