Aon has reported net income of $470m in the third quarter of 2025 (Q3 2025), a 32% increase from the same period the previous year.  

Net income attributable to shareholders stood at $458m for Q3 2025, a year-on-year (YoY) increase of 34%. 

Adjusted net income attributable to shareholders grew by 11% to $660m in Q3 2025, as against $594m in the prior year’s corresponding period. 

Aon reported diluted earnings per share of $2.11, representing growth of 34%. 

Operating income stood at $816m in Q3, up by 31% YoY.  

The company’s total revenues amounted to $3.99bn for Q3, a 7% gain from $3.7bn in the previous year’s corresponding quarter. 

In Q3 2025, revenue from Risk Capital activities reached $2.5bn, a 7% increase, while Human Capital revenue rose by 8% to $1.5bn. 

Within Risk Capital, Commercial Risk Solutions posted organic revenue growth of 7%.  

The company noted that this was due to ongoing growth in North America and Europe, the Middle East and Africa (EMEA), supported by new business and retention rates. 

Performance of the Commercial Risk Solutions unit grew due to increased activity in property and casualty lines in the US and growth in middle market segments, as well as higher demand for mergers and acquisitions services and construction. 

Reinsurance Solutions reported 8% organic revenue growth, which included increases in treaty placements from new business and strong retention, partially offset by negative market effects. 

Aon repurchased 700,000 class A ordinary shares at a cost of approximately $250m during this period.  

By 30 September 2025, Aon had around $1.6 billion shares remaining under its share buyback authorisation. 

For the first nine months of the year, net income grew 3% to $2.04bn. Net income attributable to shareholders was $2.02bn, a 3% YoY increase.  

Operating income for this period climbed by 14% to $3.13bn, while diluted earnings per share for the nine months remained flat at $9.21. 

Revenue for the first nine months of 2025 grew by 12% to $12.88bn. 

Aon president and CEO Greg Case said: “Our Aon United strategy, accelerated through our 3×3 Plan, is delivering strong results. We are attracting top talent in high-growth areas, scaling our data analytics across our core Risk Capital and Human Capital businesses, expanding in the middle market and unlocking new sources of capital.” 

Case added: “Our strong capital position, fuelled by robust cash generation and disciplined portfolio management, enables us to execute our capital allocation model – balancing high-return investment for future growth and capital return to shareholders. We remain confident in achieving our full-year 2025 financial targets and are well positioned to deliver sustainable growth in 2026 and beyond.” 

Recently, Aon appointed Andrew Secker as EMEA chief client officer and Daniele De Bosini as EMEA chief broking officer for its Reinsurance Solutions division.