Aon plc management check
AON · Financials · Insurance Brokers · CEO Gregory C. Case
Filings as of
1 good · 3 to watch · 2 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $174, against $203 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.24 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Good
Do they own the stock?
Insiders are buying1 insider bought $6.5m on the open market in the last six months, with their own money, near the lows. Sales: $1.7m.
- Flag
Are owners being diluted?
Share count growingDiluted shares changed +2.9% a year over the last three fiscal years. Stock-based pay was 2.5% of revenue in the latest year.
- Flag
Is leadership stable?
17 leadership filings in 3 yearsCEO in the pay table: Gregory C. Case. 17 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Watch
Are the books clean?
An annual report was amendedNo restatements, auditor changes or late filings since 2021. 1 amended annual report.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 32 | 49 | |
| Pay for performance | 62 | 83 | |
| CEO cost | — | — | 67 |
| Skin in the game | 80 | 51 | |
| Dilution | 14 | 69 | |
| Stable leadership | 40 | 80 | |
| Clean books | 70 | 100 |
Closest peers
Others in Insurance Brokers, by management score. Aon plc is 68th of 72 in its sector.
Pay versus performance
From the proxy statement filed April 28, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Gregory C. Case | $73.7m | $82.2m | $7.7m | $174 | $203 | — |
| 2024 | — | $26.2m | $46.9m | $9.5m | $175 | $177 | — |
| 2023 | — | $23.7m | $26.6m | $16.6m | $141 | $135 | — |
| 2022 | — | $19.7m | $18.5m | $6.6m | $144 | $121 | — |
| 2021 | — | $19.9m | $101.1m | $7.6m | $143 | $135 | — |
The board says pay is tied most to Adjusted earnings per share (EPS). Its other key measures: Adjusted Earnings Per Share Growth, Adjusted Operating Income Growth, Stock Price.
Insiders and the CEO's stake
1 insider bought $6.5m on the open market in the last six months, with their own money, near the lows. Sales: $1.7m.
- BoughtLester B KnightDirector$6.5mSep 2, 2026
- SoldDarren ZeidelGeneral Counsel · 10b5-1 plan$1.7mJul 28, 2026
Leadership and governance on file
- Aug 17, 2026Leadership change8-K 5.02
- Jul 1, 2026Leadership change8-K 5.02
- Jan 7, 2026Leadership change8-K 5.02
- Jan 2, 2026Leadership change8-K 5.02
- Aug 4, 2025Leadership change8-K 5.02
- Jul 29, 2025Leadership change8-K 5.02
- Jul 3, 2025Leadership change8-K 5.02
- Apr 10, 2025Leadership change8-K 5.02
- Mar 17, 2025Leadership change8-K 5.02
- Mar 13, 2025Leadership change8-K 5.02
- Aug 9, 2024Leadership change8-K 5.02
- Jun 26, 2024Leadership change8-K 5.02
Latest shareholder vote results: Jul 1, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $2.6bn returned to owners in buybacks and dividends, 20% of net income, and $2.2bn of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $12.2bn | $12.5bn | $13.4bn | $15.7bn | $17.2bn |
| Net income | $1.3bn | $2.6bn | $2.6bn | $2.7bn | $3.7bn |
| Stock-based pay | $449.0m | $397.0m | $438.0m | $474.0m | $432.0m |
| Buybacks | — | — | — | — | — |
| Dividends | $447.0m | $463.0m | $489.0m | $562.0m | $629.0m |
| Diluted shares | 226m | 213m | 205m | 213m | 217m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.