Aon plc (NYSE:AON) Q4 2023 Earnings Call Transcript

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Jimmy Bhullar: Okay. But in terms of – and then in terms of sort of processes are there areas there is some overlap, but we can see from the outside. Or do you not think there is going to be anything related, to potential dispositions in order to get the deal approved?

Christa Davies: So, Aon and NFP operate in highly competitive markets. And most importantly, the purpose of this transaction is to grow Aon’s presence in the fast growing middle-market segment. And so, we do not see overlap and we again expect the deals closed mid ’24.

Jimmy Bhullar: Okay. Thank you.

Operator: Thank you. I’d now like to turn the call back over to Greg Case for closing remarks.

Greg Case: Thanks very much. I would like to add a couple of thoughts as we close today, just picking up Eric and Christa, on some of the comments that have been made throughout the call, which has been very, very helpful. Just reiterate a couple of things. First reflect on the track-record we’ve had delivering on the strategic initiatives and external commitments and think about it included in a number of significant acquisitions and divestitures. And a history of successfully executing around the restructuring programs, and that brings us to where we are today, which you can tell from our enthusiasm we’re very excited about. You think about the 3×3 plan each component of our strategy and the execution plan here, are fully aligned totally connected.

If you think about Eric described today risk capital and human capital and the capability that comes together with that, the client response of this has been exceptional. As we continue to build that it’s now connected completely, through our ability to deliver that into the field, enterprise clients and Aon client leadership model fully connected. And this amplification on Aon Business Services came up a few times today. We’d encourage you to really dig in and understand the power of what this really means 15,000 colleagues in this group well beyond the efficiency that Christa described, which you saw in ’23 OI margin of 31.6%. It’s really the ability to deliver better content in a better service experience that, combination really is extremely it’s exciting for us in terms of what it means for Aon, and for our clients.

And as Eric described it really you think about sort of NFP, the opportunity in NFP is there, because of their great capability and awesome operating platform and our Aon Business Services capability. And again we bring all that together with the $900 million investment to accelerate that do that over three years across the 3×3 plan with what do we are taking more time. So, I just want to highlight as the questions come together, we really connected in our mind and really put us in a unique position, to execute against our overall plan and deliver great momentum in ’24, ’25 and ’26. So just want to end with a summary, and say thanks to everyone for being part of the call today. And look forward to our discussion next time.

Operator: Thank you. This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.

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