Aon's Q4 Profit Falls, Eyes M&A Opportunities

Aon plc reported an 8% increase in total revenue to $3.4 billion for the fourth quarter of 2023, with organic revenue growth of 7%. The company's full year total revenue increased 7% to $13.4 billion, including organic revenue growth of 7%. Despite a 21% decrease in EPS to $2.47 for the quarter, adjusted EPS remained flat at $3.89. Aon also announced a definitive agreement to acquire leading broker NFP. The company repurchased 2.3 million class A ordinary shares for approximately $0.8 billion in the fourth quarter and 8.4 million shares for approximately $2.7 billion in the full year 2023.