Aon plc (NYSE: AON) reported Q1 EPS of $4.28, $0.23 better than the analyst estimate of $4.05. Revenue for the quarter came in at $3.5 billion versus the consensus estimate of $3.35 billion.

First Quarter Key Metrics

• Total revenue increased 10% to $3.5 billion, including organic revenue growth of 6%
• Operating margin increased 320 basis points to 35.3%, and operating margin, adjusted for certain items, increased 170 basis points to 37.4%
• EPS increased 22% to $4.00, and EPS, adjusted for certain items, increased 16% to $4.28
• For the first three months of 2021, cash flows from operations increased 66% to $561 million, and free cash flow increased 91% to $532 million

"In the first quarter, our colleagues delivered an outstanding operational performance including 6% organic revenue growth and 170 basis points of margin improvement, building on over a decade of progress on our key financial metrics, creating momentum for 2021, and demonstrating the power of Aon United," said Greg Case, Chief Executive Officer. "Today, clients are justifiably focused on the unprecedented impact of the COVID-19 pandemic, but they are also increasingly aware of other challenges like climate change, supply chain disruption, the future of work, and the growing health-wealth gap. Our strategy is built to bring the best innovation, insight, and solutions from across our firm, and our potential to address client need only increases with our pending combination with Willis Towers Watson."

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