Exhibit 99.2
Aon Corporation
Segments - Reclassified for Discontinued Operations
|
| 2003 |
| |||||||||||||
(millions) |
| 1st |
| 2nd |
| 3rd |
| 4th |
| 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 |
| 2nd |
| 3rd |
| 4th |
| 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 |
| 2nd |
| 3rd |
| 4th |
| 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 |
| 2nd |
| 3rd |
| 4th |
| 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 | % |