DUBLIN, February 18, 2022 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, today announced that the Board of Directors has authorized a new $7.5 billion in share buybacks. This is in addition to Aon’s existing share buyback program, which consisted of approximately $1.7 billion authorization remaining at December 31, 2021. Total authorization increased to approx. $9.2 billion, before any share buybacks in the first quarter. Aon intends to complete the existing authorization before proceeding with the repurchase of shares under the new authorization.

The Board of Directors also authorized a 10% increase in its quarterly cash dividend on the outstanding Class A common shares of Aon to $0.56 per share.

“Today’s announcement reinforces our belief in our Aon United strategy, our strong outlook for free cash flow generation and our continued focus on maximizing total shareholder return,” said Greg case, Chief Executive Officer. “We continue to build momentum and believe our disciplined approach to return on investment will translate into significant long-term shareholder value creation.”

Including the new authorization, up to $9.2 billion, prior to any share buybacks during the first quarter, Class A common stock of Aon may be purchased from time to time on the open market, in block transactions, in OTC by mutual agreement, pursuant to the plans in Rule 10b5-1 or otherwise, depending on market conditions or other factors. The program does not obligate Aon to purchase any particular amount of shares and may be suspended or terminated at any time.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better – to protect and enrich the lives of people around the world. Our colleagues provide our clients in more than 120 countries with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business.

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Safe Harbor Statement
This communication contains certain statements relating to future results, or sets out Aon’s intentions, beliefs and expectations or predictions for the future which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical or anticipated results depending on a variety of factors. These forward-looking statements include information about possible or expected future results of Aon’s operations and the uncertainty surrounding the COVID-19 pandemic. All statements, other than statements of historical fact, that address activities, events or developments that Aon expects or expects to occur in the future, including such things as its outlook, future capital expenditures, growth in fees and expenses, changes in the composition or level of its income, share redemption, payment of dividends, cash flow and liquidity, interest rates imposition, business strategies, competitive strengths, objectives, benefits of new initiatives, growth of its business and operations, plans and references to future success, are forward-looking statements. Further, where Aon uses words such as “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, “probably”, “potential”, “pending” or similar expressions makes forward-looking statements.

The following factors, among others, could cause actual results to differ from those expressed or anticipated in the forward-looking statements: general economic and political conditions in the various countries in which Aon does business around the world, including the withdrawal from the United Kingdom of the European Union Trade Union; changes in the competitive environment or damage to Aon’s reputation; fluctuations in exchange rates and interest rates which could affect revenues and expenses; changes in the global equity and fixed income markets which could affect the return on invested assets; changes in the funded status of Aon’s various defined benefit pension plans and the impact of any increases in the funded status of the pension plans resulting from such changes; Aon’s level of indebtedness limiting financial flexibility or increasing borrowing costs; actions of rating agencies that could affect Aon’s ability to borrow funds; volatility in Aon’s tax rate due to various factors, including US tax reform; changes in estimates or assumptions about Aon’s financial statements; limits on Aon’s subsidiaries to pay dividends and other payments to Aon; the impact of lawsuits and other contingent liabilities and potential losses from errors and omissions and other claims against Aon; the impact and potential challenges of complying with laws and regulations in the jurisdictions in which Aon operates, particularly given the global reach of Aon’s business and the possibility of conflicting regulatory requirements between jurisdictions in which Aon operates; the impact of any investigation by the authorities of Ireland, UK, US and other countries; the impact of any claims relating to compliance with U.S. Foreign Corrupt Practices Act and non-U.S. anti-corruption laws and U.S. and non-U.S. trade sanctions regimes; failure to protect intellectual property rights or allegations that Aon infringes the intellectual property rights of others; the effects of Irish law on Aon’s operational flexibility and the enforcement of judgments against Aon; inability to retain and attract qualified personnel; international risks associated with Aon’s global operations; the effects of natural or man-made disasters, including the effects of COVID-19 and other health pandemics and the impacts of climate change; the potential for a system or network breach or disruption resulting in operational disruption or inappropriate disclosure of personal data; Aon’s ability to develop, implement, update and improve new technologies; actions taken by third parties who perform aspects of Aon’s business operations and customer services; the extent to which Aon manages certain risks created in connection with the services, including fiduciary and investment services, advisory and other advisory services, among others, that Aon currently provides or will provide in the future to clients; Aon’s ability to continue, and the costs and costs and risks associated with the growth, development and integration of businesses it acquires or new businesses; Aon’s ability to obtain regulatory approval and complete the transactions, and the costs and risks associated with the failure to complete the proposed transactions; changes in commercial property and casualty markets, commercial premium rates or methods of compensation; changes in the healthcare system or Aon’s relationship with insurance companies; Aon’s ability to implement initiatives designed to generate cost savings and the ability to realize such cost savings; Aon’s ability to realize the expected benefits of its restructuring plan; and adverse effects on the market price of Aon’s securities and/or results of operations.

Any or all of Aon’s forward-looking statements may prove to be inaccurate and there is no guarantee as to Aon’s performance. The factors identified above are not exhaustive. Aon and its subsidiaries operate in a dynamic business environment in which new risks may arise frequently. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made. In addition, the results of completed exercises December 31, 2020 and 2021 are not necessarily indicative of the results that may be expected for any future period, particularly in light of the continuing effects of the COVID-19 pandemic. Additional information regarding Aon and its business, including factors that could materially affect Aon’s financial results, can be found in Aon’s filings with the SEC. View Aon Annual Report on Form 10-K for the fiscal year ended December 31, 2021 for a more in-depth discussion of these and other risks and uncertainties applicable to Aon and its business. These factors may be revised or supplemented in subsequent reports filed with the SEC. Aon is under no obligation to update or change any forward-looking statements it may make from time to time, and expressly disclaims any obligation, whether as a result of new information, future events or otherwise.

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