Against the prior comparable 8-K:1.01, the primary document has 2 changed, 18 added, and 25 removed meaningful sentences.
COMPANY OVERVIEW · SOURCE-BACKED
Aon plc
AONCompany evidence profile
Historical market context and recent SEC disclosures for Aon plc. This view uses the current local evidence snapshot.
- Latest adjusted close
- $303.52Observed 2026-10-23
- Return gap vs SPY
- -80.12021-10-25 to 2026-10-23
- Filings in snapshot
- 5Prices 1980-06-02 to 2026-10-23
Price field: vendor-adjusted closeSEC EDGAR company recordCIK 0000315293
THE BRIEF
Start here, then verify below.
Three statements, each labelled by what kind of statement it is. Every number in them is linked to its source further down the page.
Over the selected historical period, AON returned -1.7% with a maximum drawdown of -33.6%. These are historical observations, not a forecast.
This local snapshot covers SEC disclosures, latest-restated annual Company Facts when available, and adjusted daily prices. It does not establish valuation, future return, or an investment recommendation.
Generated: deterministic_fallback · Historical observations, not forecasts.
FILED RESULTS
What the latest financial report says
Quarterly figures as filed in the 10-Q for the period ending 2026-06-30, filed 2026-07-29. Read from one filing, so the period and the accounting concept always match the number.
Net income
-4.8% YoYCurrent: 2026-04-01 — 2026-06-30 · USD
Prior year: $0.58B (2025-04-01 — 2025-06-30)
Reported net income after expenses and taxes; the exact SEC concept is below.
Category reference unavailable. Only 0 eligible companies; at least 5 are required.
Reference method and sources
As of 2026-07-29. Latest cached filings only; one issuer per CIK (share classes deduplicated); SEC SIC first 3 digits, same annual or quarterly grain, exact accounting concept and currency. Period ends within 45 days, durations within 15 days. Later filings, missing comparisons and zero or loss bases are excluded. Equal-weight median of company YoY rates — not aggregate industry growth, a full industry census, or a matched business peer set.
Metric definition
YoY = current ÷ prior-year value − 1, against the same period a year earlier rather than the previous quarter. Percentage-point gap = company growth − sample median growth.
NetIncomeLossDiluted EPS
-3.0% YoYCurrent: 2026-04-01 — 2026-06-30 · USD/shares
Prior year: $2.66 / share (2025-04-01 — 2025-06-30)
Diluted earnings per share; not total profit or a growth rate.
Metric definition
YoY = current ÷ prior-year value − 1, against the same period a year earlier rather than the previous quarter. Percentage-point gap = company growth − sample median growth.
EarningsPerShareDilutedConsolidated figures as reported. Accounting treatment and business mix differ between companies, and a filed result is not a forecast.
HISTORY AND RISK
What this has done, and how roughly
Adjusted daily prices over the selected period, against SPY. SPY is an exchange-traded fund tracking the S&P 500.
AONSPYAdjusted daily closes
Ending value$9,829From $10,000 invested, 2021-10-25 to 2026-10-23
Return gap vs SPY, in percentage points-80.1AON -1.7% · SPY +78.4%
Total return-1.7%2021-10-25 to 2026-10-23
Annualised return-0.3%Compound rate over the period shown
Annualised volatility23.9%Daily returns, annualised
Maximum drawdown-33.6%Trough 2026-10-02
Beta to SPY0.51Sensitivity to the benchmark's moves
Correlation with SPY0.371,255 matched sessions
What that felt likeThe worst peak-to-trough fall over this period was -33.6%, and the worst single session was -9.5%. Both already happened; neither bounds what comes next.
Only this section follows the benchmark selector. The brief, filing reactions and Ask evidence stay on SPY; this chart is showing SPY.
Past return and risk are observations about a period that is over. They are not a forecast, and nothing here is investment advice.
PRIMARY DISCLOSURES
What was filed
SEC checked 2026-10-24
The filings themselves, with what the company disclosed kept apart from what this project measured about it.
8-KMaterial agreement entered2026-09-22 14:30-0.4% after filing
- Material agreement entered
- Material agreement terminated
- Direct financial obligation created
- Financial statements and exhibits
Quoted from the filing
English, as filed
(“Citibank”), as administrative agent, and the lenders party thereto from time to time (collectively, the “Term Lenders”), pursuant to which the Term Lenders committed to provide unsecured delayed draw term loan facilities in an aggregate principal amount of $4,000,000,000, consisting of (a) a two-year $2,000,000,000 term loan facility (the “Tranche 1 Term Loans”) and (b) a three-year $2,000,000,000 term loan facility (the “Tranche 2 Term Loans”, and together with the Tranche 1 Term Loans, the “Term Loans”).
Source passage
English, as filed
The Revolving Credit Agreement replaces (i) the $1,000,000,000 revolving credit facility of Company, Aon Corporation, AGH, AGL, AUKL and ANA, dated as of September 28, 2021, as amended, which was scheduled to mature on September 28, 2027 and (ii) the $1,000,000,000 revolving credit facility of Company, Aon Corporation, AGH, AGL and ANA, dated as of October 19, 2023, as amended, which was scheduled to mature on October 19, 2028.
Source passage
English, as filed
Prior 2021 Revolving Credit Agreement In connection with entering into the Revolving Credit Agreement, effective September 18, 2026, Company, Aon Corporation, AGH, AGL, AUKL and ANA terminated their $1,000,000,000 revolving credit facility dated as of September 28, 2021, as amended, which agreement was described in Item 1.01 of Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 30, 2021, and which description is incorporated herein by reference (the “Prior 2021 Revolving Credit Agreement”).
Source passage
Numbers in the filing
- $4,000,000,000,
- $2,000,000,000
- $1,000,000,000
- $1,000,000,000
Against the prior comparable filing
Compared with the filing accepted 2026-08-31: 2 changed, 18 added, 25 removed.
Changed · 57% text match
English, as filed
The foregoing description of the Revolving Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Revolving Credit Agreement, a copy of which is filed herewith as Exhibit 10.2 and incorporated herein by reference.
Changed · 50% text match
English, as filed
The Prior 2023 Revolving Credit Agreement was scheduled to mature on October 19, 2028.
8-KOther events2026-09-18 01:21+0.4% after filing
- Other events
- Financial statements and exhibits
Quoted from the filing
English, as filed
The 2029 Notes mature on September 17, 2029 and bear interest at a rate of 5.350% per annum, payable semi-annually in arrears.
Source passage
English, as filed
The 2031 Notes mature on September 17, 2031 and bear interest at a rate of 5.625% per annum, payable semi-annually in arrears.
Source passage
English, as filed
The 2033 Notes mature on September 17, 2033 and bear interest at a rate of 5.800% per annum, payable semi-annually in arrears.
Source passage
Numbers in the filing
- 5.350%
- 5.625%
- 5.800%
Against the prior comparable filing
Compared with the filing accepted 2026-09-11: 1 changed, 15 added, 4 removed.
Changed · 70% text match
English, as filed
In the event that the previously announced acquisition by ANA, a Delaware corporation and an indirect, wholly owned subsidiary of Aon plc (the “Acquirer”), of USI Advantage Corp.
Added
English, as filed
The 2029 Notes mature on September 17, 2029 and bear interest at a rate of 5.350% per annum, payable semi-annually in arrears.
8-KOther events2026-09-11 17:14+0.9% after filing
- Other events
- Financial statements and exhibits
Quoted from the filing
English, as filed
(“USI Advantage”), a Delaware corporation, Cortlandt Acquisition Corp., a Delaware corporation and a direct, wholly-owned subsidiary of ANA (“Merger Sub”), and Uno Aggregator II L.P., a Delaware limited partnership, solely in its capacity as the securityholder representative, entered into an Agreement and Plan of Merger, dated as of August 30, 2026 (the “Merger Agreement”), which provided for, among other things, the merger of Merger Sub with and into USI Advantage, with USI Advantage surviving as a direct, wholly-owned subsidiary of ANA (the “Merger”).
Source passage
English, as filed
It is not intended to, and does not purport to, represent what the combined company’s actual results or financial condition would have been if the transactions had occurred on the relevant date, and is not intended to project the future results or financial condition that the combined company may achieve following completion of the Merger.
Source passage
Against the prior comparable filing
Compared with the filing accepted 2024-03-02: 0 changed, 5 added, 13 removed.
Added
English, as filed
(“USI Advantage”), a Delaware corporation, Cortlandt Acquisition Corp., a Delaware corporation and a direct, wholly-owned subsidiary of ANA (“Merger Sub”), and Uno Aggregator II L.P., a Delaware limited partnership, solely in its capacity as the securityholder representative, entered into an Agreement and Plan of Merger, dated as of August 30, 2026 (the “Merger Agreement”), which provided for, among other things, the merger of Merger Sub with and into USI Advantage, with USI Advantage surviving as a direct, wholly-owned subsidiary of ANA (the “Merger”).
Added
English, as filed
It is not intended to, and does not purport to, represent what the combined company’s actual results or financial condition would have been if the transactions had occurred on the relevant date, and is not intended to project the future results or financial condition that the combined company may achieve following completion of the Merger.
8-KMaterial agreement entered2026-08-31 14:37+1.5% after filing
- Material agreement entered
- Regulation FD disclosure
- Financial statements and exhibits
Quoted from the filing
English, as filed
The Merger Agreement includes customary termination provisions for both Acquirer and USI, including the right of either party to terminate the Merger Agreement if the closing has not occurred by 5:00 p.m.
Source passage
English, as filed
The parties to the Merger Agreement are not required to effect the completion of the Transaction until October 19, 2026.
Source passage
English, as filed
The Merger Agreement contains representations, warranties and covenants related to the Transaction that are customary for a transaction of this nature.
Source passage
Against the prior comparable filing
Compared with the filing accepted 2024-04-19: 1 changed, 26 added, 6 removed.
Changed · 75% text match
English, as filed
The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which is filed as Exhibit 2.1 hereto and is incorporated herein by reference.
Added
English, as filed
The Merger Agreement includes customary termination provisions for both Acquirer and USI, including the right of either party to terminate the Merger Agreement if the closing has not occurred by 5:00 p.m.
8-KDirector or principal officer change2026-08-18 00:15+0.2% after filing
- Director or principal officer change
- Financial statements and exhibits
Quoted from the filing
English, as filed
The transition is pursuant to a Letter Agreement between Mr.
Source passage
English, as filed
Virani’s current annual base salary will be increased by $50,000 per month until the end of the month in which a permanent Chief Financial Officer assumes the role.
Source passage
Numbers in the filing
- $50,000
Against the prior comparable filing
Compared with the filing accepted 2026-07-02: 0 changed, 10 added, 8 removed.
Added
English, as filed
The transition is pursuant to a Letter Agreement between Mr.
Added
English, as filed
Virani’s current annual base salary will be increased by $50,000 per month until the end of the month in which a permanent Chief Financial Officer assumes the role.
Earlier filings
Each with the move on the first eligible session afterwards, measured against the benchmark. A measurement of magnitude, not a cause.
- 2026-05-01Results of operations (earnings)+1.9% on 2026-05-04Source filing
- 2026-07-02Director or principal officer change+3.5% on 2026-07-02Source filing
- 2026-07-29Results of operations (earnings)-0.9% on 2026-07-30Source filing
- 2026-08-18Director or principal officer change+0.2% on 2026-08-18Source filing
- 2026-08-31Material agreement entered+1.5% on 2026-09-01Source filing
- 2026-09-11Other events+0.9% on 2026-09-14Source filing
- 2026-09-18Other events+0.4% on 2026-09-18Source filing
- 2026-09-22Material agreement entered-0.4% on 2026-09-23Source filing
EVENTS AND WHAT IS NEXT
What happened, and what to watch
Event items are published headlines and filing index entries, linked to their source. They are not analysis, and the feed is not a trading signal.
GROUNDED RESEARCH
Ask about this evidence
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