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Acquisitions and Dispositions of Businesses
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions and Dispositions of Businesses Acquisitions and Dispositions of Businesses
Completed Acquisitions
Total acquisitions completed by the Company for the three and six months ended June 30, 2026 and 2025 were as follows. Acquisitions that impact multiple segments are categorized by the segment primarily impacted.
Three Months Ended June 30,
Six Months Ended June 30,
2026
2025
2026
2025
Risk Capital
1
1
6
7
Human Capital
2
1
2
2
Total 3289
The following table includes the preliminary fair values of consideration transferred, assets acquired, and liabilities assumed as a result of the Company’s acquisitions completed in 2026 (in millions):
Six Months Ended
June 30, 2026
Consideration transferred:
Cash$376 
Deferred and contingent consideration55 
Aggregate consideration transferred$431 
Assets acquired:
Goodwill212 
Intangible assets278 
Other assets (1)
83 
Total assets acquired573 
Liabilities assumed:
Total liabilities assumed142 
Net assets acquired$431 
(1)Includes Cash and cash equivalents of $30 million and $24 million, respectively, in funds held on behalf of clients.

The results of operations of these acquisitions are included in the Condensed Consolidated Financial Statements as of the respective acquisition dates. The Company’s results of operations would not have been materially different if these acquisitions had been reported from the beginning of the period in which they were acquired.
2026 Significant Acquisitions
On March 16, 2026, the Company completed the acquisition of 100% of the share capital of ShoreOne Insurance Managers, Inc., a coastal-focused homeowners and flood insurance broker based in the U.S in the Risk Capital segment.
2025 Significant Acquisitions
On January 1, 2025, the Company completed the acquisition of 100% of the partnership interests and share capital of Griffiths & Armour, an insurance broker in the U.K. in the Risk Capital segment.
Completed Dispositions
There were no dispositions completed by the Company for the three and six months ended June 30, 2026. The Company completed one disposition within Human Capital in the three and six months ended June 30, 2025. Dispositions that impact multiple segments are categorized by the segment primarily impacted.
For the three months ended June 30, 2026, there were no gains recognized related to dispositions. For the six months ended June 30, 2026, the pretax gains recognized related to dispositions were $20 million, which related to the disposition of the NFP Wealth business, as defined below, completed in the prior year. There were insignificant pretax gains recognized related to dispositions for the three and six months ended June 30, 2025. Gains recognized as a result of a disposition are included in Other income (expense) in the Condensed Consolidated Statements of Income.
2025 Significant Dispositions
On October 30, 2025, Aon completed the sale of a significant majority of NFP’s Wealth businesses within our Human Capital segment (the “NFP Wealth business”). Total proceeds received on closing was $2.3 billion, and a pre-tax gain of $1.2 billion was recognized within Other income (expense) on the Consolidated Statement of Income for the year ended December 31, 2025. The major classes of assets sold included Intangible assets, net of $760 million and Goodwill of $398 million. During the six months ended June 30, 2026, Aon recognized a $20 million gain related to the prior-year sale of the NFP Wealth business, all of which was recognized in the first quarter of 2026.