Aon PLC Class A

AON: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Aon Is a Stable, Attractive Business

Business Strategy and Outlook

Aon historically has demonstrated modest growth and strong and stable free cash flow, and we expect much of the same going forward, although swings in the insurance market and the pandemic have created some recent ups and downs. In our view, Aon is a fundamentally attractive business, with a variety of operations that share the commonality of sticky customer relationships, limited capital requirements, and flexible cost structures.

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