Global broking group Aon’s reinsurance arm generated revenue of $711 million in the second quarter of 2026, an increase of 3%, or 5% on an organic basis compared with the prior year’s $688 million, driven by growth in treaty placements.
Aon attributes the growth in treaty placements within Reinsurance Solutions to net new business and strong retention, double-digit increases in facultative placements, and its Strategy and Technology Group.
For the first half of the year, Aon’s Reinsurance Solutions delivered revenue growth of 6%, or 4% on an organic basis to $1.99 billion.
The Reinsurance Solutions arm sits within Aon’s Risk Capital segment alongside the Commercial Risk Solutions division, which generated revenue of $2.3 billion in Q2’26, an increase of 5%, or 5% on an organic basis when compared with the prior year. Aon attributes the growth to EMEA and North America, driven by net new business and ongoing strong retention.
For H1’26, the Commercial Risk Solutions unit produced revenue of $4.5 billion, an increase of 8%, or 6% on an organic basis on the prior year.
All in all, Risk Capital revenue increased by 5% year-on-year to $3 billion, while the segment’s revenue for the first half of the year reached $6.5 billion.
Partially offsetting the growth in Risk Capital revenue, Human Capital revenue decreased by 4% to $1.2 billion for Q2’26, and for H1’26 totalled almost $2.8 billion, which is down on the prior year’s just over $2.8 billion.
Within Human Capital sits Health Solutions and Wealth Solutions. The former generated revenue of $818 million in Q2’26, up 6%, or 5% on an organic basis, and revenue of $1.9 billion for H1’26, reflecting organic revenue growth of 5%.
Wealth Solutions delivered revenue of $426 million in Q2’26, a decrease of 18%, but reflecting organic revenue growth of 5%, and for the half the year the unit delivered revenue of $846 million, down 18%, but reflecting organic revenue growth of 3%.
So, group-wide, Aon has reported total revenue in the second quarter of 2026 of $4.2 billion, an increase of 2%, or 5% on an organic basis. For H1’26, total revenue hit $9.3 billion, an increase on the prior year’s $8.9 billion.
Operating income totalled $915 million for Q2’26 and $2.6 billion for H1’26, compared with $859 million and $2.3 billion, respectively, in 2025.
Net income attributable to Aon shareholders in the second quarter decreased 3%, to $2.58 per share on a diluted basis, compared to $2.66 per share on a diluted basis, in the prior-year period.
Greg Case, president and CEO, commented: “Our second-quarter results demonstrate the consistency of our execution and the strength of our business model. We delivered 5% organic revenue growth, operating margin expansion, and 9% adjusted EPS growth, reflecting robust client demand, disciplined execution, and durable through-the-cycle performance.
“The structural advantage created by our Aon United strategy, coupled with AI-enabled analytical insights and innovative capital solutions, continues to differentiate Aon in the marketplace.
“As clients navigate increasing complexity, we are expanding our addressable market, creating new opportunities with both traditional and non-traditional sources of capital, and generating the financial flexibility to invest for growth while returning significant capital to shareholders. We remain confident in our strategy, our outlook, and our ability to deliver sustainable long-term value.”
