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Company Profile - Aon Corporation

200 E. Randolph
Chicago, IL 60606

Phone: 312-381-1000
Fax: 312-381-6032
Website: www.aon.com
Ticker Symbol: AOC

Key Facts

Does business with 85 percent of the companies in the Fortune 500 and the Global 500.
Operates 550 offices in more than 120 countries.
In 2001, Aon celebrated its 50th consecutive year of increasing its cash dividend to stockholders.
Key Financial Facts
2002 revenue: $8,822 million
1-yr. growth rate: 15 percent

Personnel Highlights
Number of employees (2001): 53,000
1-yr. growth rate: 4 percent

Company Overview
Aon is the world’s largest reinsurance broker and the second-largest insurance brokerage. The firm, which began in 1947 as Combined Insurance Company, specializes in fast consolidating services and has a wide range of specialty and traditional insurance products. The company is organized into three business areas: commercial insurance (which helps companies choose industry-specific insurance), consulting services, and consumer insurance underwriting.

The company grew steadily throughout the 1950s and 1960s and expanded overseas in the 1970s. Combined Insurance merged with Ryan Insurance in the 1980s, and Patrick Ryan took over as CEO and reorganized the company. Combined Insurance became Aon in 1987 and sold off its direct insurance business in order to focus more energy on its consulting business. Aon began expanding its holdings around the world again in the late 1990s through a series of acquisitions, including the purchase of the Minet Group in 1997. In 2000, Aon bought Reliance Group's accident and health insurance business, as well as Actuarial Sciences Associates. In 2001, Aon brought two more consulting firms, a warranty administration company, and an employee-benefits purchasing-coordination company into its fold. Aon sold off its Property and Casualty Underwriting subsidiary in 2002.

Growing abroad, Aon expanded its Japan holdings with the purchase of Japanese consulting firm K.K. Syscon in 2002. The following year, Aon entered a joint venture with global insurance services to become the first foreign insurance broker licensed in India.

Major Line of Business :Consulting, Insurance

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