Is AON's earnings growth sustainable long-term?

**Aon's long-term earnings growth appears sustainable**, considering the following points: 1. **Consistent Organic Growth**: Aon has demonstrated robust organic growth, with a 7% increase in organic revenue in Q3 2024. This is a positive indicator of the company's ability to grow sustainably without relying on acquisitions. 2. **Strategic Acquisitions**: The company's successful integration of NFP has been a key contributor to growth across various sectors. Aon's acquisition strategy and ability to integrate new entities suggest a thoughtful approach to growth, which is a favorable sign for long-term sustainability. 3. **Financial Performance**: Aon's financial performance in Q4 2024 shows a 44.77% increase in net income and a 22.87% increase in total revenue compared to the previous year. The growth in net income, in particular, is a strong indicator of the company's profitability and suggests that its earnings growth is not only sustainable but also potentially accelerating. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |AON|AON.N|Aon|2024 Q1|1.2974976830398517|1.093E9|169| |AON|AON.N|Aon|2024 Q2|-6.434782608695652|5.38E8|169| |AON|AON.N|Aon|2024 Q3|-23.98286937901499|3.55E8|169| |AON|AON.N|Aon|2024 Q4|44.773175542406314|7.34E8|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |AON|AON.N|Aon|2024 Q1|5.140790493412555|4.07E9|169| |AON|AON.N|Aon|2024 Q2|18.350645262826564|3.76E9|169| |AON|AON.N|Aon|2024 Q3|26.0074500507958|3.721E9|169| |AON|AON.N|Aon|2024 Q4|22.874074074074073|4.147E9|169| 4. **Market Position and Outlook**: Aon's market position as a leading global professional services firm in the insurance industry is strong. The company's optimistic outlook for future growth, commitment to delivering value to clients and shareholders, and strategic focus on talent investment, analytics, and local expertise position it well for continued success. 5. **Dividend History**: Aon has maintained dividend payments for 46 consecutive years and raised dividends for 13 straight years, demonstrating remarkable financial stability. This track record is a positive sign for long-term investors, as it indicates a commitment to returning value to shareholders over time. 6. **Industry Growth Prospects**: The insurance industry is expected to experience robust growth in the coming years due to strong economic growth, evolving demand among consumers, and rising adoption of digital technologies. As a leading player in this industry, Aon is well-positioned to benefit from these trends and sustain its earnings growth. In conclusion, Aon's earnings growth appears sustainable in the long term, given its consistent organic growth, strategic acquisitions, strong financial performance, positive market outlook, dividend history, and the favorable prospects for the insurance industry.