Aon has announced a 10% increase in total revenues to approximately £9bn for the 12 months ended 31st December 2021. It said cash flows provided by operations for 2021 decreased 22% to £1.6bn compared to the prior year. It said this was largely as a result of the termination fee payment (around £740m) and additional payments related to ending the WTW merger.

In its commercial risk solutions division Aon announced organic revenue growth of 12% to £1.4bn. It said this was a result of strong new business generation, retention, and management of the renewal book portfolio. It reported organic growth in its reinsurance division of 13% taking revenues for the year to £164m.

Greg Case, chief executive officer of Aon, said: “In the fourth quarter, our colleagues delivered 10% organic revenue growth, an outstanding finish to a very strong year, contributing to full year organic revenue growth of 9%, margin expansion of 160 basis points, and EPS growth of 22%.

“These results are a direct outcome of our Aon United strategy. We’re accelerating innovation, with a focus on developing and scaling proven solutions to serve new and existing clients. This gives us confidence in our ability to build even greater momentum in 2022.”

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