Aon Announces Additional $5 Billion Share Repurchase Program Increasing Total Authorization to $6.1 Billion

News provided by

Nov 17, 2014, 07:30 ET

LONDON, Nov. 17, 2014 /PRNewswire/ -- Aon plc (NYSE: AON) announced today that its Board of Directors has authorized a new $5 billion share repurchase program. The authorized share repurchase program is in addition to the existing share repurchase program previously authorized in April 2012, which has approximately $1.1 billion of remaining authorization. The Company intends to complete this repurchase program before repurchasing shares under the new program.

"Today's announcement continues to demonstrate our belief in the underlying strength of the firm, strong free cash flow generation outlook and our continued focus on maximizing total return for shareholders," said Greg Case, president and chief executive officer. "We have returned a record amount of capital to shareholders through the first nine months of 2014, highlighted by the repurchase of 20.4 million shares, equivalent to 7% of actual shares outstanding as of September 30, 2014, for a total of $1.75 billion."

Including the newly authorized increase of $5 billion, up to $6.1 billion of Class A Ordinary Shares may be repurchased from time to time depending on market conditions or other factors through open market or privately negotiated transactions. Repurchases of Class A Ordinary Shares may be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time.

About Aon
Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 66,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, best reinsurance intermediary, best captives manager, and best employee benefits consulting firm by multiple industry sources. Visit aon.com for more information on Aon and aon.com/manchesterunited to learn about Aon's global partnership with Manchester United.

Investor Contact:	Media Contact:
Scott Malchow	David Prosperi
Senior Vice President, Investor Relations	Vice President, Global Public Relations
+44-207-086-0100	312-381-2485