Insurance broker Aon shared strong results for the third quarter of 2025, reporting $4.0 billion in revenue, up 7% from $3.7 billion in the same quarter last year. This steady growth matched last year’s organic revenue gain but exceeded what Wall Street analysts had expected.
Aon’s net income for the quarter also saw a significant jump, rising 34% to $458 million compared to $343 million the year before. Adjusted net income grew 11%, reaching $660 million versus $594 million in the previous year. The company’s adjusted earnings per share for the quarter came in at $3.05, beating analysts’ consensus of $2.91.
The company’s shares responded positively to the report. At 11:15 a.m. EDT on October 31, Aon’s stock was up 5.10%, and it closed the day with a 3.81% increase.
Looking at the first nine months of 2025, Aon posted $12.9 billion in revenue, a 12% increase compared to $11.6 billion in 2024. Organic revenue rose 6%, steady with last year’s pace, and net income increased 3%, hitting $2.0 billion.
One of the highlights came from Aon’s Risk Capital segment, covering Commercial Risk Solutions and Reinsurance Solutions. This area generated $2.5 billion in revenue during Q3, up 7% or $170 million from the previous year. For the nine-month period, this segment’s revenue grew to $8.6 billion from $8 billion last year.
Commercial Risk Solutions, which focuses heavily on North America and Europe, saw 7% organic revenue growth. This was driven by new business and strong customer retention. The segment also enjoyed double-digit growth in property and casualty insurance in the U.S., the middle market, M&A services, and construction. Meanwhile, Reinsurance Solutions experienced 8% organic growth thanks to increased treaty placements and strong client retention, with revenue rising to $537 million from $503 million year-over-year.
Aon’s CEO, Greg Case, pointed out that their ongoing strategy is yielding results. He highlighted the company’s focus on attracting talent, expanding data analytics, growing middle-market business, and finding new ways to bring additional capital to clients.
Overall, Aon’s latest quarterly report shows solid growth across the board and suggests the firm is well-positioned to keep building on this momentum.