Aon’s Reinsurance Solutions business recorded organic revenue growth of 7% in the third quarter of 2026 to $572 million, driven by strong growth in treaty placements, as total revenue across the Group increased by 3% year-on-year to $4.1 billion, with organic revenue growth of 6%.
Global broking group Aon has reported a strong set of results for the third quarter and first nine months of 2026, with the firm highlighting broad-based strength across solution lines, with organic revenue growth of 7% in Commercial Risk, 7% in Reinsurance, 6% in Health, and 4% in Wealth.
Group-wide, operating income fell by 1% to $809 million in Q3’26 compared with $816 million in Q3’25, as the operating margin fell from 20.4% to 19.7%. Net income attributable to Aon shareholders increased 4% to $476 million this quarter, compared with $458 million a year earlier.
In the broker’s Risk Capital division, which includes Reinsurance Solutions and Commercial Risk Solutions, revenue increased 6% year-on-year, with growth in both units.
As mentioned, Reinsurance Solutions generated higher revenue of $572 million amid net new business and strong retention, and a favourable impact from the reversal of the constraint applied against prior period revenue.
Commercial Risk Solutions delivered organic revenue growth of 7% to $2.11 billion compared to $1.98 billion a year earlier, reflecting strong growth in North America and EMEA as a result of net new business and ongoing strong retention.
In Human Capital, which includes Health Solutions and Wealth Solutions, revenue fell by 4% year-on-year. Health Solutions recorded an increase of 6% to $992 million, while Wealth Solutions saw its revenue fall by 21% to $429 million, although did deliver organic revenue growth of 4% amid strong growth in Retirement.
For the first nine months of 2026, Aon delivered total revenue of $13.4 billion, an increase of 4% on the comparable prior year period, reflecting organic revenue growth of 5%. Operating income rose 10% year-on-year to $3.4 billion, and net income increased 12% to $2.2 billion.
Reinsurance Solutions’ revenue for the nine months period increased to $2.6 billion from $2.4 billion in 2025, and Commercial Risk Solutions delivered revenue of $6.6 billion, compared to $6.2 billion a year earlier.
For 9M’26, Health Solutions revenue increased to $2.9 billion from $2.7 billion, while Wealth Solutions revenue contracted by 19% to $1.3 billion.
Greg Case, Aon President and CEO, said: “Our Aon United strategy continues to advance and differentiate our platform for clients. As we progress through the final year of our 3×3 Plan, our investments in AI-enabled analytics, innovative capabilities and capital solutions, and leading experts are helping clients address their risks, build resilience and drive better outcomes. At the same time, we are strengthening our context advantage and expanding our ability to serve clients across a broader market through the announced acquisition of USI, while creating new opportunities through greater access to both traditional and alternative sources of capital.
“The impact of this strategy is further demonstrated by our strong third-quarter results with 6% organic revenue growth, 70 basis points of adjusted margin expansion and 10% adjusted EPS growth. We enter the fourth quarter with significant momentum, reinforcing confidence in our ongoing ability to deliver sustained, differentiated performance.”
