EX-99.4 6 a2114454zex-99_4.htm EXHIBIT 99.4
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Exhibit 99.4


AON CORPORATION
RECONCILIATION OF REPORTED REVENUE GROWTH TO ORGANIC REVENUE GROWTH

 
  1st Quarter 2003
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   13 % -2 % 2 % 13 %
  Risk Management & Insurance Brokerage—International   25 % 14 % 1 % 10 %
  Reinsurance Brokerage & Related Services   22 % 9 % -2 % 15 %
  Claims Services   12 % 3 % -5 % 14 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   19 % 7 % 0 % 12 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   14 % 5 % 3 % 6 %
  Human Resource Outsourcing   46 % 3 % 5 % 38 %
   
 
 
 
 
    Total Consulting   21 % 6 % 2 % 13 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   3 % 2 % -4 % 5 %
  Warranty, Credit and Property & Casualty   19 % 3 % -4 % 20 %
   
 
 
 
 
    Total Insurance Underwriting   9 % 2 % -5 % 12 %
   
 
 
 
 
Total Operating Segments (after eliminations)   14 % 5 % -3 % 12 %
   
 
 
 
 

(1)
Includes items discussed in the organic revenue growth description, beyond currency impact.

AON CORPORATION
RECONCILIATION OF REPORTED REVENUE GROWTH TO ORGANIC REVENUE GROWTH

 
  1st Quarter 2002
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   6 % -1 % -2 % 9 %
  Risk Management & Insurance Brokerage—International   12 % -4 % 0 % 16 %
  Reinsurance Brokerage & Related Services   14 % -2 % -9 % 25 %
  Claims Services   14 % -1 % 5 % 10 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   10 % -2 % -1 % 13 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   8 % -1 % 3 % 6 %
  Human Resource Outsourcing   16 % -1 % 14 % 3 %
   
 
 
 
 
    Total Consulting   10 % -1 % 7 % 4 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   12 % -4 % -14 % 30 %
  Warranty, Credit and Property & Casualty   -7 % 0 % -13 % 6 %
   
 
 
 
 
    Total Insurance Underwriting   3 % -2 % -12 % 17 %
   
 
 
 
 
Total Operating Segments   8 % -2 % -4 % 14 %
   
 
 
 
 

 
  2nd Quarter 2002
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   8 % -1 % 1 % 8 %
  Risk Management & Insurance Brokerage—International   21 % 3 % 5 % 13 %
  Reinsurance Brokerage & Related Services   12 % 1 % -3 % 14 %
  Claims Services   3 % 1 % 0 % 2 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   12 % 1 % 1 % 10 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   7 % 1 % 0 % 6 %
  Human Resource Outsourcing   13 % 1 % 9 % 3 %
   
 
 
 
 
    Total Consulting   8 % 1 % 1 % 6 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   25 % 0 % 5 % 20 %
  Warranty, Credit and Property & Casualty   21 % 1 % -6 % 26 %
   
 
 
 
 
    Total Insurance Underwriting   23 % 0 % 0 % 23 %
   
 
 
 
 
Total Operating Segments   15 % 1 % 0 % 14 %
   
 
 
 
 
 
  3rd Quarter 2002
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   21 % -2 % -3 % 26 %
  Risk Management & Insurance Brokerage—International   25 % 7 % 4 % 14 %
  Reinsurance Brokerage & Related Services   21 % 4 % -17 % 34 %
  Claims Services   8 % 2 % 0 % 6 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   21 % 2 % -2 % 21 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   7 % 2 % -1 % 6 %
  Human Resource Outsourcing   46 % 2 % 0 % 44 %
   
 
 
 
 
    Total Consulting   16 % 2 % 0 % 14 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   16 % 4 % 4 % 8 %
  Warranty, Credit and Property & Casualty   7 % 2 % 0 % 5 %
   
 
 
 
 
    Total Insurance Underwriting   12 % 3 % 2 % 7 %
   
 
 
 
 
Total Operating Segments   17 % 3 % -1 % 15 %
   
 
 
 
 

 
  4th Quarter 2002
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   5 % -1 % -5 % 11 %
  Risk Management & Insurance Brokerage—International   23 % 9 % 2 % 12 %
  Reinsurance Brokerage & Related Services   28 % 2 % 5 % 21 %
  Claims Services   -1 % 2 % -1 % -2 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   13 % 3 % 0 % 10 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   8 % 2 % 1 % 5 %
  Human Resource Outsourcing   42 % 2 % 3 % 37 %
   
 
 
 
 
    Total Consulting   15 % 2 % 1 % 12 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   6 % 4 % -9 % 11 %
  Warranty, Credit and Property & Casualty   6 % 4 % 7 % -5 %
   
 
 
 
 
    Total Insurance Underwriting   6 % 4 % -2 % 4 %
   
 
 
 
 
Total Operating Segments   11 % 3 % -1 % 9 %
   
 
 
 
 
 
  Full Year 2002
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   10 % -1 % -2 % 13 %
  Risk Management & Insurance Brokerage—International   20 % 4 % 2 % 14 %
  Reinsurance Brokerage & Related Services   18 % 1 % -6 % 23 %
  Claims Services   6 % 1 % 1 % 4 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   14 % 1 % 0 % 13 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   8 % 1 % 1 % 6 %
  Human Resource Outsourcing   30 % 1 % 7 % 22 %
   
 
 
 
 
    Total Consulting   12 % 1 % 2 % 9 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   15 % 1 % -2 % 16 %
  Warranty, Credit and Property & Casualty   6 % 1 % 0 % 5 %
   
 
 
 
 
    Total Insurance Underwriting   11 % 1 % -1 % 11 %
   
 
 
 
 
Total Operating Segments   13 % 1 % 0 % 12 %
   
 
 
 
 

(1)
Includes items discussed in the organic revenue growth description, beyond currency impact.

AON CORPORATION
RECONCILIATION OF REPORTED REVENUE GROWTH TO ORGANIC REVENUE GROWTH

 
  1st Quarter 2001
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   1 % -1 % 2 % 0 %
  Risk Management & Insurance Brokerage—International   1 % -7 % 0 % 8 %
  Reinsurance Brokerage & Related Services   12 % -4 % -2 % 18 %
  Claims Services   32 % -3 % -11 % 46 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   5 % -4 % 1 % 8 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   18 % -3 % 10 % 11 %
  Human Resource Outsourcing   30 % -4 % 36 % -2 %
   
 
 
 
 
    Total Consulting   20 % -4 % 16 % 8 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   9 % -3 % 4 % 8 %
  Warranty, Credit and Property & Casualty   5 % -3 % 7 % 1 %
   
 
 
 
 
    Total Insurance Underwriting   7 % -3 % 5 % 5 %
   
 
 
 
 
Total Operating Segments   7 % -4 % 4 % 7 %
   
 
 
 
 

 
  2nd Quarter 2001
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   5 % -1 % 0 % 6 %
  Risk Management & Insurance Brokerage—International   3 % -7 % 1 % 9 %
  Reinsurance Brokerage & Related Services   15 % -4 % -4 % 23 %
  Claims Services   48 % -2 % -1 % 51 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   9 % -3 % 0 % 12 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   23 % -2 % 15 % 10 %
  Human Resource Outsourcing   45 % -4 % 43 % 6 %
   
 
 
 
 
    Total Consulting   27 % -3 % 21 % 9 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   10 % -3 % 5 % 8 %
  Warranty, Credit and Property & Casualty   -11 % -3 % -1 % -7 %
   
 
 
 
 
    Total Insurance Underwriting   0 % -3 % 2 % 1 %
   
 
 
 
 
Total Operating Segments   7 % -3 % 2 % 8 %
   
 
 
 
 
 
  3rd Quarter 2001
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   -2 % -1 % 1 % -2 %
  Risk Management & Insurance Brokerage—International   7 % -4 % 4 % 7 %
  Reinsurance Brokerage & Related Services   7 % -2 % 5 % 4 %
  Claims Services   48 % -1 % 0 % 49 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   6 % -2 % 2 % 6 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   22 % -1 % 17 % 6 %
  Human Resource Outsourcing   53 % -3 % 57 % -1 %
   
 
 
 
 
    Total Consulting   27 % -2 % 25 % 4 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   8 % -4 % 2 % 10 %
  Warranty, Credit and Property & Casualty   8 % 1 % 1 % 6 %
   
 
 
 
 
    Total Insurance Underwriting   8 % -2 % 2 % 8 %
   
 
 
 
 
Total Operating Segments   9 % -2 % 4 % 7 %
   
 
 
 
 

 
  4th Quarter 2001
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   6 % -1 % 7 % 0 %
  Risk Management & Insurance Brokerage—International   13 % 0 % 3 % 10 %
  Reinsurance Brokerage & Related Services   -6 % 0 % -19 % 13 %
  Claims Services   47 % 0 % 2 % 45 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   9 % 0 % 0 % 9 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   6 % -1 % -1 % 8 %
  Human Resource Outsourcing   62 % 2 % 56 % 4 %
   
 
 
 
 
    Total Consulting   14 % 0 % 7 % 7 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   6 % 0 % -10 % 16 %
  Warranty, Credit and Property & Casualty   -1 % 1 % -3 % 1 %
   
 
 
 
 
    Total Insurance Underwriting   3 % 0 % -5 % 8 %
   
 
 
 
 
Total Operating Segments   8 % 0 % -1 % 9 %
   
 
 
 
 
 
  Full Year 2001
 
 
  Reported
Revenue
Growth

  Less:
Currency
Impact

  Less: All
Other (1)

  Organic
Revenue
Growth

 
Risk & Insurance Brokerage Services:                  
  Risk Management & Insurance Brokerage—Americas   3 % -1 % 3 % 1 %
  Risk Management & Insurance Brokerage—International   6 % -4 % 1 % 9 %
  Reinsurance Brokerage & Related Services   7 % -2 % -5 % 14 %
  Claims Services   44 % -2 % -1 % 47 %
   
 
 
 
 
    Total Risk & Insurance Brokerage Services   7 % -2 % 0 % 9 %
   
 
 
 
 
Consulting:                  
  Benefits, Compensation, Management and Communications Consulting   16 % -1 % 8 % 9 %
  Human Resource Outsourcing   48 % -2 % 48 % 2 %
   
 
 
 
 
    Total Consulting   22 % -2 % 17 % 7 %
   
 
 
 
 
Insurance Underwriting:                  
  Accident & Health and Life   8 % -3 % 0 % 11 %
  Warranty, Credit and Property & Casualty   0 % -1 % 1 % 0 %
   
 
 
 
 
    Total Insurance Underwriting   4 % -2 % 1 % 5 %
   
 
 
 
 
Total Operating Segments   8 % -2 % 2 % 8 %
   
 
 
 
 

(1)
Includes items discussed in the organic revenue growth description, beyond currency impact.



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AON CORPORATION RECONCILIATION OF REPORTED REVENUE GROWTH TO ORGANIC REVENUE GROWTH