- Adjusted EPS grew 19% year-over-year to $3.49, reflecting strong earnings power.
- Adjusted operating income rose 14% year-over-year to $1.2 billion, supported by restructuring savings and scale improvements from Aon Business Services (ABS).
- Adjusted operating margin expanded by 80 basis points to 28.2%, driven by scale improvements and restructuring savings.
- Aon delivered 6% organic revenue growth, 19% adjusted EPS growth, and 59% free cash flow growth in Q2 2025, in line with expectations.
- Aon delivered 6% organic revenue growth in Q2 2025, with total revenue increasing 11% to $4.2 billion.
- Commercial Risk, Reinsurance, and Health each delivered 6% organic revenue growth; Wealth grew 3%.
- Fiduciary investment income was $66 million, down 12% year-over-year due to lower interest rates despite higher average balances.
- Free cash flow increased 59% year-over-year to $732 million, supported by operating income growth and improved days sales outstanding.
- Free cash flow reached $732 million, up 59% year-over-year, driven by strong operating income and improved days sales outstanding.
- Leverage ratio improved to 3.4x, on track to reach target range of 2.8x to 3.0x by Q4 2025.
- NFP acquisition contributed positively to revenue and margin, with a more normalized margin profile post-acquisition.
- Operating leverage and restructuring savings ($35 million in Q2) contributed approximately 83 basis points to margin expansion.
- Organic revenue growth was broad-based across Commercial Risk, Reinsurance, and Health, each delivering 6% growth, while Wealth grew 3%.
- Retention improved by 1 point year-over-year, driven by gains in Commercial Risk segment.
- Returned $411 million to shareholders in dividends and $250 million in share repurchases during the quarter.
- Revenue-generating hires increased 6% through June 30, supporting sustainable organic growth.
- Total revenue increased 11% to $4.2 billion, with adjusted operating margin expanding 80 basis points to 28.2%.
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- Commercial revenue increased by 33%, driven by broad-based strength across asset classes, notably industrial and multifamily.
- All-time record in National Commercial Services division for fee per file, with a 30% increase in fee per file.
- Strong pipeline with high-quality, large deals, including 11 transactions over $1 million.
- Anticipation of deal acceleration in Q4 due to upcoming renewable energy tax incentives, with a positive outlook for the second half of the year.
- Allowance for loan losses increased slightly to $248.6 million, with a decrease in consumer loan allowance due to improved unemployment forecasts.
- First BanCorp reported net income of $80 million for 2Q 2025, with a return on assets of 1.69% and net interest margin expansion to 4.56%.
- Net interest income increased to $215.9 million, $3.5 million higher than last quarter, despite no fees from early loan cancellations this quarter.
- Nonperforming assets remained flat at 68 basis points of total assets; net charge-offs decreased to 60 basis points from 68 basis points in 1Q.
- Operating expenses were $123.3 million, stable quarter-over-quarter, with an efficiency ratio maintained at 50%.
- Tangible book value per share increased 5% to $11.16; tangible common equity ratio expanded to 9.6% due to $41 million increase in investment portfolio fair value.
- Total loans grew 6% linked quarter annualized, driven by strong commercial loan production in Puerto Rico and Florida.
- Adjusted net income was $96.5 million or $1.22 per diluted share, with a 16.3% adjusted return on equity.
- Claims expense was $13.4 million in the quarter.
- Defaults declined to 6,709 at June 30 from 6,859 at March 31, with a default rate of 1%.
- GAAP net income was $96.2 million and diluted EPS was $1.21.
- Investment income was $24.9 million, up from $23.7 million in Q1 and $20.7 million in Q2 2024.
- National MI generated $12.5 billion of new insurance written (NIW) volume in Q2 2025, ending with a record $214.7 billion of primary insurance in force.
- Net premiums earned were $149.1 million, slightly down from $149.4 million in Q1 2025 but up from $141.2 million in Q2 2024.
- Net yield was 28 basis points; core yield (excluding reinsurance and cancellation earnings) was 34.2 basis points, up from 34.1 basis points in Q1.
- Shareholders' equity was $2.4 billion with book value per share of $31.14, up 4% from Q1 and 16% from Q2 2024.
- The company repurchased $23.2 million of common stock in Q2, retiring 628,000 shares at an average price of $36.90, with $281 million of repurchase capacity remaining.
- Total cash and investments were $3 billion, including $169 million at the holding company.
- Total revenue was a record $173.8 million, up from $173.2 million in Q1 2025 and $162.1 million in Q2 2024.
- Underwriting and operating expenses were $29.5 million, down from $30.2 million in Q1, resulting in a record low expense ratio of 19.8%.
Dafinchi