EX-99.2 3 a05-19344_1ex99d2.htm EXHIBIT 99

Exhibit 99.2

 

Aon Corporation

Segments - Reclassified for Discontinued Operations

 

 

 

2005

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

Six
Months

 

Revenue

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

454

 

$

541

 

$

995

 

Risk Management & Insurance Brokerage - International

 

660

 

592

 

1,252

 

Reinsurance Brokerage & Related Services

 

240

 

203

 

443

 

Claims Services

 

 

 

 

Total Risk & Insurance Brokerage Services

 

1,354

 

1,336

 

2,690

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

Consulting Services

 

240

 

244

 

484

 

Outsourcing

 

69

 

71

 

140

 

Total Consulting

 

309

 

315

 

624

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

Accident & Health and Life

 

440

 

450

 

890

 

Warranty, Credit and Property & Casualty

 

349

 

366

 

715

 

Total Insurance Underwriting

 

789

 

816

 

1,605

 

 

 

 

 

 

 

 

 

Corporate & Other

 

29

 

6

 

35

 

Intersegment Revenues

 

(15

)

(15

)

(30

)

Total

 

$

2,466

 

$

2,458

 

$

4,924

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income tax

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

240

 

$

208

 

$

448

 

Consulting

 

26

 

29

 

55

 

Insurance Underwriting

 

68

 

83

 

151

 

Corporate & Other

 

(24

)

(51

)

(75

)

Total

 

$

310

 

$

269

 

$

579

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income tax - margins

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.7

%

15.6

%

16.7

%

Consulting

 

8.4

%

9.2

%

8.8

%

Insurance Underwriting

 

8.6

%

10.2

%

9.4

%

Total

 

12.6

%

10.9

%

11.8

%

 



 

 

 

2004

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

480

 

$

531

 

$

503

 

$

566

 

$

2,080

 

Risk Management & Insurance Brokerage - International

 

633

 

574

 

512

 

638

 

2,357

 

Reinsurance Brokerage & Related Services

 

239

 

204

 

219

 

199

 

861

 

Claims Services

 

61

 

57

 

55

 

39

 

212

 

Total Risk & Insurance Brokerage Services

 

1,413

 

1,366

 

1,289

 

1,442

 

5,510

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Consulting Services

 

225

 

230

 

229

 

265

 

949

 

Outsourcing

 

76

 

75

 

71

 

76

 

298

 

Total Consulting

 

301

 

305

 

300

 

341

 

1,247

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

425

 

441

 

423

 

432

 

1,721

 

Warranty, Credit and Property & Casualty

 

356

 

364

 

356

 

353

 

1,429

 

Total Insurance Underwriting

 

781

 

805

 

779

 

785

 

3,150

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

36

 

18

 

(6

)

61

 

109

 

Intersegment Revenues

 

(18

)

(16

)

(15

)

(23

)

(72

)

Total

 

$

2,513

 

$

2,478

 

$

2,347

 

$

2,606

 

$

9,944

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income tax

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

243

 

$

191

 

$

131

 

$

15

 

$

580

 

Consulting

 

26

 

28

 

29

 

22

 

105

 

Insurance Underwriting

 

53

 

73

 

67

 

61

 

254

 

Corporate & Other

 

(22

)

(32

)

(52

)

(2

)

(108

)

Total

 

$

300

 

$

260

 

$

175

 

$

96

 

$

831

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.2

%

14.0

%

10.2

%

1.0

%

10.5

%

Consulting

 

8.6

%

9.2

%

9.7

%

6.5

%

8.4

%

Insurance Underwriting

 

6.8

%

9.1

%

8.6

%

7.8

%

8.1

%

Total

 

11.9

%

10.5

%

7.5

%

3.7

%

8.4

%

 



 

 

 

2003

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

456

 

$

522

 

$

499

 

$

575

 

$

2,052

 

Risk Management & Insurance Brokerage - International

 

524

 

507

 

478

 

565

 

2,074

 

Reinsurance Brokerage & Related Services

 

237

 

219

 

225

 

192

 

873

 

Claims Services

 

88

 

88

 

85

 

91

 

352

 

Total Risk & Insurance Brokerage Services

 

1,305

 

1,336

 

1,287

 

1,423

 

5,351

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Consulting Services

 

209

 

224

 

214

 

251

 

898

 

Outsourcing

 

71

 

68

 

70

 

78

 

287

 

Total Consulting

 

280

 

292

 

284

 

329

 

1,185

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

399

 

377

 

416

 

402

 

1,594

 

Warranty, Credit and Property & Casualty

 

310

 

315

 

326

 

338

 

1,289

 

Total Insurance Underwriting

 

709

 

692

 

742

 

740

 

2,883

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

31

 

40

 

14

 

40

 

125

 

Intersegment Revenues

 

(12

)

(16

)

(21

)

(19

)

(68

)

Total

 

$

2,313

 

$

2,344

 

$

2,306

 

$

2,513

 

$

9,476

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income tax and minority interest

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

238

 

$

165

 

$

167

 

$

225

 

$

795

 

Consulting

 

21

 

22

 

20

 

47

 

110

 

Insurance Underwriting

 

63

 

64

 

58

 

11

 

196

 

Corporate & Other

 

(50

)

(6

)

(28

)

61

 

(23

)

Total

 

$

272

 

$

245

 

$

217

 

$

344

 

$

1,078

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

18.2

%

12.4

%

13.0

%

15.8

%

14.9

%

Consulting

 

7.5

%

7.5

%

7.0

%

14.3

%

9.3

%

Insurance Underwriting

 

8.9

%

9.2

%

7.8

%

1.5

%

6.8

%

Total

 

11.8

%

10.5

%

9.4

%

13.7

%

11.4

%

 



 

 

 

2002

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

400

 

$

452

 

$

472

 

$

541

 

$

1,865

 

Risk Management & Insurance Brokerage - International

 

420

 

413

 

403

 

459

 

1,695

 

Reinsurance Brokerage & Related Services

 

194

 

186

 

204

 

181

 

765

 

Claims Services

 

77

 

80

 

87

 

85

 

329

 

Total Risk & Insurance Brokerage Services

 

1,091

 

1,131

 

1,166

 

1,266

 

4,654

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Consulting Services

 

183

 

194

 

193

 

226

 

796

 

Outsourcing

 

48

 

52

 

74

 

76

 

250

 

Total Consulting

 

231

 

246

 

267

 

302

 

1,046

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

389

 

441

 

415

 

394

 

1,639

 

Warranty, Credit and Property & Casualty

 

260

 

309

 

303

 

290

 

1,162

 

Total Insurance Underwriting

 

649

 

750

 

718

 

684

 

2,801

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

45

 

(95

)

8

 

21

 

(21

)

Total

 

$

2,016

 

$

2,032

 

$

2,159

 

$

2,273

 

$

8,480

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income tax and minority interest

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

185

 

$

125

 

$

193

 

$

252

 

$

755

 

Consulting

 

27

 

24

 

26

 

45

 

122

 

Insurance Underwriting

 

68

 

2

 

41

 

44

 

155

 

Corporate & Other

 

(7

)

(147

)

(51

)

(37

)

(242

)

Total

 

$

273

 

$

4

 

$

209

 

$

304

 

$

790

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.0

%

11.1

%

16.6

%

19.9

%

16.2

%

Consulting

 

11.7

%

9.8

%

9.7

%

14.9

%

11.7

%

Insurance Underwriting

 

10.5

%

0.3

%

5.7

%

6.4

%

5.5

%

Total

 

13.5

%

0.2

%

9.7

%

13.4

%

9.3

%

 



 

 

 

2001

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

384

 

$

432

 

$

393

 

$

518

 

$

1,727

 

Risk Management & Insurance Brokerage - International

 

375

 

342

 

322

 

374

 

1,413

 

Reinsurance Brokerage & Related Services

 

170

 

169

 

169

 

142

 

650

 

Claims Services

 

79

 

90

 

93

 

100

 

362

 

Total Risk & Insurance Brokerage Services

 

1,008

 

1,033

 

977

 

1,134

 

4,152

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Consulting Services

 

169

 

181

 

180

 

210

 

740

 

Outsourcing

 

43

 

47

 

50

 

53

 

193

 

Total Consulting

 

212

 

228

 

230

 

263

 

933

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

348

 

354

 

357

 

370

 

1,429

 

Warranty, Credit and Property & Casualty

 

280

 

255

 

284

 

273

 

1,092

 

Total Insurance Underwriting

 

628

 

609

 

641

 

643

 

2,521

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

(85

)

(14

)

3

 

(75

)

(171

)

Total

 

$

1,763

 

$

1,856

 

$

1,851

 

$

1,965

 

$

7,435

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before provision for income tax and minority interest

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

157

 

$

65

 

$

126

 

$

155

 

$

503

 

Consulting

 

24

 

24

 

29

 

50

 

127

 

Insurance Underwriting

 

68

 

60

 

45

 

(5

)

168

 

Corporate & Other

 

(169

)

(94

)

(76

)

(151

)

(490

)

Total

 

$

80

 

$

55

 

$

124

 

$

49

 

$

308

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

15.6

%

6.3

%

12.9

%

13.7

%

12.1

%

Consulting

 

11.3

%

10.5

%

12.6

%

19.0

%

13.6

%

Insurance Underwriting

 

10.8

%

9.9

%

7.0

%

-0.8

%

6.7

%

Total

 

4.5

%

3.0

%

6.7

%

2.5

%

4.1

%