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Aon plc Message Board

  • combined_ratio combined_ratio Feb 3, 2013 9:48 PM Flag

    Overspending on Technology & Other Issues

    I listened to Aon's 4Q12 investor call on Friday and believe that I understand why the company's recent earnings report was not well received by investors. First, the insurance brokerage firm stated that its benefits unit, Aon/Hewitt, would only achieve mid-single-digit earnings growth this year, which was below Wall Street expectations. Second, the risk management division had a modest decline in its EBITDA margin in the quarter. And lastly, management refused to provide any quantifiable metrics for its sizable technology investments in such projects as GRIP, healthcare exchanges, Aon brokerage , etc. These issues caused investors to come away from management's commentary disappointed in the profit trajectory of the company for the current year.

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