Redeemable Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Reverse Recapitalization, Ownership Summary

The following table summarizes the economic ownership of AON LLC, for the year ended December 31, 2024.


	Year ended December 31, 2024
	AON LLC Units
	AON Inc.		Legacy AON Stockholders		Total
Beginning of Period	13,330,051		28,109,796		41,439,847
Additional Common Units Issued	10,736,349		—		10,736,349
Accrual of Series A Preferred Units	1,069,290		—		1,069,290
Repurchases of Common Units	(132,902)		(170,118)		(303,020)
Redemption of Common Units	10,071,583		(10,071,583)		—
Total Common Units as of December 31, 2024	35,074,371		17,868,095		52,942,466
End of Period	35,074,371		17,868,095		52,942,466
Allocation of income to controlling and noncontrolling interests	46.0	%	54.0	%	100.0	%
Allocation of losses to controlling and noncontrolling interests(1)	35.7	%	64.3	%	100.0	%

(1) As discussed in Note 15, Series A Preferred Stock units are included in the ownership basis of AON Inc. on an accrued basis and considered participating securities for basic and diluted loss per share, but do not participate in losses. As a result, the consolidated net loss of AON LLC, during the year ended December 31, 2024, were allocated to the NCI to reflect the absorption of the Legacy AON Stockholders to a portion of the consolidated net loss of AON LLC. Net losses were not attributed to Series A Preferred Stock.