Earnings Review and Free Research Report: Aon’s Q2 Top-line Grew 4% Y-o-Y; Outshined Forecasts

Research Desk Line-up: CorVel Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 24, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Aon PLC (NYSE: AON), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=AON, following the Company’s release of its financial results on August 04, 2017, for the second quarter fiscal 2017 (Q2 FY17). The London, UK based Company’s revenue grew 4% y-o-y beating expectations, whereas its adjusted net income from continuing operation rose 13% y-o-y to meet market expectations. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Insurance Brokers industry. Pro-TD has currently selected CorVel Corporation (NASDAQ: CRVL) for due-diligence and potential coverage as the Company announced on August 01, 2017, its financial results for the quarter which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on CorVel when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AON; also brushing on CRVL. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

During Q2 FY17, Aon reported total revenues from continuing operations of $2.37 billion, up from $2.28 billion in the previous year’s same quarter. Total revenues topped market expectations of $2.35 billion for the reported quarter. Meanwhile, the Company’s organic revenues were up by 3% in Q2 FY17.

The insurance brokerage Company reported net loss from continuing operations of $43 million, or $0.20 loss per diluted share in Q2 FY17, against net income from continuing operations $273 million, or $0.98 per diluted share in Q2 FY16. The Company’s adjusted net operating income from continuing operations grew during Q2 FY17 to $391 million, or $1.45 per share, from $354 million, or $1.28 per share in Q2 FY16. Wall Street had also expected the Company to report adjusted net operating income from continuing operations of $1.45 per share.

Operating Metrics

The Company reported total operating expenses of $2.49 billion in Q2 FY17 compared to $1.90 billion in Q2 FY16. The Company posted operating loss of $118 million in Q2 FY17 compared to operating income of $387 million in the last year’s same quarter. Meanwhile, adjusted operating income increased to $531 million, or 22.4% of total revenues, in Q2 FY17 from $487 million, or 21.3% of total revenues, in Q2 FY16.

Segment Performance

The Commercial Risk Solutions revenues increased to $1.04 billion in Q2 FY17 from $990 million in Q2 FY16. Reinsurance Solutions segment’s revenues also grew to $344 million in Q2 FY17 from $332 million in the previous year’s comparable period. Health Solutions’ revenue came in at $312 million for Q2 FY17, up from $281 million in Q2 FY16. Data & Analytic Services revenues were $285 million for Q2 FY17 compared to $275 million in Q2 FY16. However, Retirement Solutions revenues fell 4% to $389 million in Q2 FY17 from $405 million in Q2 FY16.

Cash Flow & Balance Sheet

In first six months of FY17, Aon generated $436 million in cash from continuing operating activities compared to $557 million in the year ago corresponding quarter. Additionally, free cash flow provided by continuing operations was $354 million during H1 FY17 compared $489 million in the first half of FY16.

The Company had cash and cash equivalents balance of $684 million as on June 30, 2017, compared to $426 million at the close of books on December 31, 2016. Furthermore, the Company ended the quarter with long-term debt of $5.63 billion compared to $5.87 billion as on December 31, 2016.

Share Buyback

During Q2 FY17, Aon repurchased 8 million Class A Ordinary Shares for approximately $1 billion in the quarter. Furthermore, the Company has $6.7 billion of remaining authorization under its share repurchase program as of June 30, 2017.

Stock Performance

On Wednesday, August 23, 2017, the stock closed the trading session at $138.22, slightly down 0.97% from its previous closing price of $139.57. A total volume of 807.01 thousand shares have exchanged hands. Aon PLC’s stock price surged 6.99% in the last three months, 18.96% in the past six months, and 26.30% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have rallied 23.93%. The stock is trading at a PE ratio of 36.84 and has a dividend yield of 1.04%. At Wednesday’s closing price, the stock’s net capitalization stands at $35.20 billion.

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