Oct 28, 6:35 AM ET
Aon plc reported third-quarter 2026 total revenue of $4.1 billion, representing a 3% increase compared to the prior-year period, driven by 6% organic revenue growth. Diluted net income per share increased 6% to $2.23, while adjusted diluted earnings per share rose 10% to $3.36. The company expects the USI acquisition to close in the fourth quarter of 2026.
- Total revenue for the third quarter of 2026 reached $4.1 billion, up 3% year-over-year, with organic revenue growth of 6%.
- Diluted net income per share rose 6% to $2.23, and adjusted diluted EPS increased 10% to $3.36 for the quarter ended September 30, 2026.
- The USI Acquisition is expected to close in the fourth quarter of 2026, with debt repayment prioritized toward a 2.8x-3.0x leverage objective in approximately 24 months.
Read the filing on SEC.gov ↗
Sep 22, 6:30 AM ET
On September 18, 2026, Aon and its subsidiaries signed two credit agreements with Citibank as administrative agent: $4 billion of delayed draw term loans, available at the closing of the USI Acquisition, and a $3 billion unsecured revolving credit facility. The term loans will help pay part of the cash consideration for USI under the merger agreement dated August 30, 2026, and the revolver replaces two $1 billion facilities that were terminated.
- Term loans total $4 billion: $2 billion maturing September 18, 2028 and $2 billion maturing September 18, 2029, both prepayable without penalty.
- Term loan proceeds will fund part of the cash consideration for the USI Acquisition and related fees and expenses.
- The $3 billion revolver matures September 18, 2031, subject to optional one-year extensions, and replaces two $1 billion facilities terminated effective September 18, 2026.
- Post-acquisition leverage covenant is up to 4.75 to 1.00 (funded net debt to adjusted EBITDA), stepping down to 3.50 to 1.00 over eight fiscal quarters.
Read the filing on SEC.gov ↗
Aug 31, 6:37 AM ET
Aon plc signed a merger agreement on August 30, 2026, to acquire USI Advantage Corp. for $17 billion in cash, or $16.7 billion net of about $278 million in certain tax attributes. Aon expects to fund the deal with new debt, and it does not expect to repurchase shares in the near term while it prioritizes debt repayment. Closing is expected in the fourth quarter of 2026, subject to regulatory approvals.
- Purchase price of $17.0 billion in cash, or $16.7 billion net; about 14.5x synergized trailing twelve-month adjusted EBITDA on a net basis
- Expected $395 million in annual run-rate net adjusted EBITDA impact from revenue and cost synergies; expected to be accretive to adjusted EPS in 2028
- Expected closing in the fourth quarter of 2026; either party may terminate if closing has not occurred by June 1, 2027, subject to extensions
- Funding through new debt; Aon expects to maintain its Baa2 rating with Moody's and A- rating with S&P
Read the filing on SEC.gov ↗
Aug 17, 4:15 PM ET
Aon's Executive Vice President and Chief Financial Officer, Edmund Reese, moved out of the CFO role effective August 17, 2026, and will serve as a senior advisor through August 16, 2027. Nadin Virani, 49, became interim Chief Financial Officer on the same date, and the filing does not name a permanent successor.
- Edmund Reese's CFO role ended August 17, 2026; he is a senior advisor to the company through August 16, 2027.
- Nadin Virani, 49, is interim CFO effective August 17, 2026. He had been Global Head of Corporate Planning and Analytics since January 2025.
- Virani's base salary rises by $50,000 per month during his interim term, and he is eligible for a cash bonus equal to the extra salary earned.
- The transition is covered by a Letter Agreement with Reese dated August 17, 2026, filed as Exhibit 10.1.
Read the filing on SEC.gov ↗
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