EX-99.2 3 a04-8711_1ex99d2.htm EX-99.2

Exhibit 99.2

 

Aon Corporation

Segments - Reclassified for Discontinued Operations

 

 

 

2003

 

2004

 

(millions)

 

1st
Quarter

 

2nd
Quarter

 

3rd
Quarter

 

4th
Quarter

 

Full Year

 

1st Quarter

 

Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services:

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk Management & Insurance Brokerage - Americas

 

$

507

 

$

590

 

$

562

 

$

640

 

$

2,299

 

$

532

 

Risk Management & Insurance Brokerage - International

 

524

 

507

 

478

 

565

 

2,074

 

633

 

Reinsurance Brokerage & Related Services

 

237

 

219

 

225

 

192

 

873

 

239

 

Claims Services

 

88

 

88

 

85

 

91

 

352

 

61

 

Total Risk & Insurance Brokerage Services

 

1,356

 

1,404

 

1,350

 

1,488

 

5,598

 

1,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consulting:

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefits, Compensation, Management & Communications Consulting

 

209

 

224

 

214

 

251

 

898

 

225

 

Human Resource Outsourcing

 

71

 

68

 

70

 

78

 

287

 

76

 

Total Consulting

 

280

 

292

 

284

 

329

 

1,185

 

301

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance Underwriting:

 

 

 

 

 

 

 

 

 

 

 

 

 

Accident & Health and Life

 

399

 

377

 

416

 

402

 

1,594

 

425

 

Warranty, Credit and Property & Casualty

 

310

 

315

 

326

 

338

 

1,289

 

356

 

Total Insurance Underwriting

 

709

 

692

 

742

 

740

 

2,883

 

781

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate & Other

 

31

 

40

 

14

 

40

 

125

 

36

 

Intersegment Revenues

 

(12

)

(16

)

(21

)

(19

)

(68

)

(18

)

Total

 

$

2,364

 

$

2,412

 

$

2,369

 

$

2,578

 

$

9,723

 

$

2,565

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

235

 

$

180

 

$

191

 

$

239

 

$

845

 

$

242

 

Consulting

 

21

 

22

 

20

 

47

 

110

 

26

 

Insurance Underwriting

 

63

 

64

 

58

 

11

 

196

 

53

 

Corporate & Other

 

(50

)

(6

)

(28

)

61

 

(23

)

(22

)

Total

 

$

269

 

$

260

 

$

241

 

$

358

 

$

1,128

 

$

299

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.3

%

12.8

%

14.1

%

16.1

%

15.1

%

16.5

%

Consulting

 

7.5

%

7.5

%

7.0

%

14.3

%

9.3

%

8.6

%

Insurance Underwriting

 

8.9

%

9.2

%

7.8

%

1.5

%

6.8

%

6.8

%

Total

 

11.4

%

10.8

%

10.2

%

13.9

%

11.6

%

11.7

%

 



 

 

 

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

 

194

 

186

 

204

 

181

 

765

 

Claims Services

 

77

 

80

 

87

 

85

 

329

 

Total Risk & Insurance Brokerage Services

 

1,139

 

1,196

 

1,228

 

1,332

 

4,895

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

2,064

 

$

2,097

 

$

2,221

 

$

2,339

 

$

8,721

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

192

 

$

146

 

$

212

 

$

252

 

$

802

 

Consulting

 

27

 

24

 

26

 

45

 

122

 

Insurance Underwriting

 

68

 

2

 

41

 

44

 

155

 

Corporate & Other

 

(7

)

(147

)

(51

)

(37

)

(242

)

Total

 

$

280

 

$

25

 

$

228

 

$

304

 

$

837

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

16.9

%

12.2

%

17.3

%

18.9

%

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

 

13.6

%

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

 

170

 

169

 

169

 

142

 

650

 

Claims Services

 

79

 

90

 

93

 

100

 

362

 

Total Risk & Insurance Brokerage Services

 

1,047

 

1,081

 

1,025

 

1,192

 

4,345

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,802

 

$

1,904

 

$

1,899

 

$

2,023

 

$

7,628

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

165

 

$

79

 

$

141

 

$

176

 

$

561

 

Consulting

 

24

 

24

 

29

 

50

 

127

 

Insurance Underwriting

 

68

 

60

 

45

 

(5

)

168

 

Corporate & Other

 

(169

)

(94

)

(76

)

(152

)

(491

)

Total

 

$

88

 

$

69

 

$

139

 

$

69

 

$

365

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

15.8

%

7.3

%

13.8

%

14.8

%

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

%

7.3

%

3.4

%

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

 

153

 

145

 

159

 

153

 

610

 

Claims Services

 

60

 

61

 

63

 

68

 

252

 

Total Risk & Insurance Brokerage Services

 

1,003

 

994

 

971

 

1,097

 

4,065

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

1,795

 

$

1,805

 

$

1,772

 

$

1,947

 

$

7,319

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

$

177

 

$

177

 

$

178

 

$

125

 

$

657

 

Consulting

 

19

 

23

 

26

 

38

 

106

 

Insurance Underwriting

 

68

 

82

 

85

 

90

 

325

 

Corporate & Other

 

(48

)

(56

)

(46

)

(92

)

(242

)

Total

 

$

216

 

$

226

 

$

243

 

$

161

 

$

846

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax - margins

 

 

 

 

 

 

 

 

 

 

 

Risk & Insurance Brokerage Services

 

17.6

%

17.8

%

18.3

%

11.4

%

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

%

8.3

%

11.6

%