EX-99.2 3 a04-6847_1ex99d2.htm EX-99.2

Exhibit 99.2

 

Aon Corporation

Segments - Reclassified for Discontinued Operations

 

 

 

2003

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

507

 

$

590

 

$

562

 

$

640

 

$

2,299

 

Risk Management & Insurance Brokerage - International

 

524

 

507

 

478

 

565

 

2,074

 

Reinsurance Brokerage & Related Services

 

242

 

226

 

232

 

202

 

902

 

Claims Services

 

88

 

88

 

85

 

91

 

352

 

Total Risk & Insurance Brokerage Services

 

1,361

 

1,411

 

1,357

 

1,498

 

5,627

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Benefits, Compensation, Management & Communications Consulting

 

209

 

224

 

214

 

251

 

898

 

Human Resource 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

 

$

2,369

 

$

2,419

 

$

2,376

 

$

2,588

 

$

9,752

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

234

 

$

180

 

$

192

 

$

243

 

$

849

 

Consulting

 

21

 

22

 

20

 

47

 

110

 

Insurance Underwriting

 

63

 

64

 

58

 

11

 

196

 

Corporate & Other

 

(50

)

(6

)

(28

)

61

 

(23

)

Total

 

$

268

 

$

260

 

$

242

 

$

362

 

$

1,132

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.2

%

12.8

%

14.1

%

16.2

%

15.1

%

Consulting

 

7.5

%

7.5

%

7.0

%

14.3

%

9.3

%

Insurance Underwriting

 

8.9

%

9.2

%

7.8

%

1.5

%

6.8

%

Total

 

11.3

%

10.7

%

10.2

%

14.0

%

11.6

%

 



 

 

 

2002

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

448

 

$

517

 

$

534

 

$

607

 

$

2,106

 

Risk Management & Insurance Brokerage - International

 

420

 

413

 

403

 

459

 

1,695

 

Reinsurance Brokerage & Related Services

 

199

 

192

 

210

 

189

 

790

 

Claims Services

 

77

 

80

 

87

 

85

 

329

 

Total Risk & Insurance Brokerage Services

 

1,144

 

1,202

 

1,234

 

1,340

 

4,920

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Benefits, Compensation, Management & Communications Consulting

 

183

 

194

 

193

 

226

 

796

 

Human Resource 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

 

$

2,069

 

$

2,103

 

$

2,227

 

$

2,347

 

$

8,746

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

192

 

$

146

 

$

213

 

$

254

 

$

805

 

Consulting

 

27

 

24

 

26

 

45

 

122

 

Insurance Underwriting

 

68

 

2

 

41

 

44

 

155

 

Corporate & Other

 

(7

)

(147

)

(51

)

(37

)

(242

)

Total

 

$

280

 

$

25

 

$

229

 

$

306

 

$

840

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

16.8

%

12.1

%

17.3

%

19.0

%

16.4

%

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

%

1.2

%

10.3

%

13.0

%

9.6

%

 



 

 

 

2001

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

423

 

$

480

 

$

441

 

$

576

 

$

1,920

 

Risk Management & Insurance Brokerage - International

 

375

 

342

 

322

 

374

 

1,413

 

Reinsurance Brokerage & Related Services

 

175

 

171

 

174

 

148

 

668

 

Claims Services

 

79

 

90

 

93

 

100

 

362

 

Total Risk & Insurance Brokerage Services

 

1,052

 

1,083

 

1,030

 

1,198

 

4,363

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Benefits, Compensation, Management & Communications Consulting

 

169

 

181

 

180

 

210

 

740

 

Human Resource 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

 

$

1,807

 

$

1,906

 

$

1,904

 

$

2,029

 

$

7,646

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

166

 

$

79

 

$

142

 

$

178

 

$

565

 

Consulting

 

24

 

24

 

29

 

50

 

127

 

Insurance Underwriting

 

68

 

60

 

45

 

(5

)

168

 

Corporate & Other

 

(169

)

(94

)

(76

)

(152

)

(491

)

Total

 

$

89

 

$

69

 

$

140

 

$

71

 

$

369

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

15.8

%

7.3

%

13.8

%

14.9

%

12.9

%

Consulting

 

11.3

%

10.5

%

12.6

%

19.0

%

13.6

%

Insurance Underwriting

 

10.8

%

9.9

%

7.0

%

-0.8

%

6.7

%

Total

 

4.9

%

3.6

%

7.4

%

3.5

%

4.8

%

 



 

 

 

2000

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

420

 

$

456

 

$

448

 

$

544

 

$

1,868

 

Risk Management & Insurance Brokerage - International

 

370

 

332

 

301

 

332

 

1,335

 

Reinsurance Brokerage & Related Services

 

156

 

149

 

163

 

157

 

625

 

Claims Services

 

60

 

61

 

63

 

68

 

252

 

Total Risk & Insurance Brokerage Services

 

1,006

 

998

 

975

 

1,101

 

4,080

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

Benefits, Compensation, Management & Communications Consulting

 

143

 

147

 

148

 

198

 

636

 

Human Resource Outsourcing

 

33

 

33

 

34

 

34

 

134

 

Total Consulting

 

176

 

180

 

182

 

232

 

770

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

319

 

323

 

330

 

349

 

1,321

 

Warranty, Credit and Property & Casualty

 

267

 

286

 

264

 

275

 

1,092

 

Total Insurance Underwriting

 

586

 

609

 

594

 

624

 

2,413

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

30

 

22

 

25

 

(6

)

71

 

Total

 

$

1,798

 

$

1,809

 

$

1,776

 

$

1,951

 

$

7,334

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

177

 

$

178

 

$

179

 

$

127

 

$

661

 

Consulting

 

19

 

23

 

26

 

38

 

106

 

Insurance Underwriting

 

68

 

82

 

85

 

90

 

325

 

Corporate & Other

 

(48

)

(56

)

(46

)

(92

)

(242

)

Total

 

$

216

 

$

227

 

$

244

 

$

163

 

$

850

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.6

%

17.8

%

18.4

%

11.5

%

16.2

%

Consulting

 

10.8

%

12.8

%

14.3

%

16.4

%

13.8

%

Insurance Underwriting

 

11.6

%

13.5

%

14.3

%

14.4

%

13.5

%

Total

 

12.0

%

12.5

%

13.7

%

8.4

%

11.6

%