Aon PLC Class A

AON: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$265.00	Mpcrgqk	Hqlyvyhm

Aon Earnings: Growth Lags Peers

Brett Horn

Oct 27, 2023

Aon reported solid third-quarter results that reflect a favorable industry backdrop, but its results continue to lag its closest peer. Overall revenue grew 10% year over year, or 6% on an organic basis. Organic growth is still a bit above what we expect long-term. We will maintain our $291 fair value estimate for the narrow-moat company and see shares as slightly overvalued.

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