Aon : Historical Revenue by Solution Line (Unaudited) (Form 8-K)

Historical Revenue by Solution Line (Unaudited)

		Three Months Ended
(millions)		Mar 31, 2019			Jun 30, 2019			Sep 30, 2019			Dec 31, 2019			Full Year 2019
Commercial Risk Solutions		$	1,454		$	1,453		$	1,328		$	1,622		$	5,857
Reinsurance Solutions			788			420			291			187			1,686
Health Solutions			557			389			434			724			2,104
Wealth Solutions			349			347			329			355			1,380
Elimination			(5	)			(3	)			(3	)			(3	)			(14	)
Total revenue		$	3,143		$	2,606		$	2,379		$	2,885		$	11,013

		Three Months Ended
(millions)		Mar 31, 2020		Jun 30, 2020			Sep 30, 2020			Dec 31, 2020			Full Year 2020
Commercial Risk Solutions		$	1,477		$	1,400		$	1,320		$	1,664		$	5,861
Reinsurance Solutions			848			448			321			197			1,814
Health Solutions			572			321			423			751			2,067
Wealth Solutions			327			330			327			357			1,341
Elimination			(5	)			(2	)			(6	)			(4	)			(17	)
Total revenue		$	3,219		$	2,497		$	2,385		$	2,965		$	11,066

		Three Months Ended			Six Months Ended
(millions)		Mar 31, 2021			Jun 30, 2021			Jun 30, 2021
Commercial Risk Solutions		$	1,640		$	1,643		$	3,283
Reinsurance Solutions			922			500			1,422
Health Solutions			615			391			1,006
Wealth Solutions			355			356			711
Elimination			(7	)			(4	)			(11	)
Total revenue		$	3,525		$	2,886		$	6,411

Historical Organic Revenue Growth (Decline) Reconciliation (Unaudited)

		Three Months Ended
(millions)		Mar 31, 2019			Mar 31, 2018			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,454		$	1,478			(2	)%			(5	)%			-	%			(3	)%			6	%
Reinsurance Solutions			788			742			6				(3	)			-				-				9
Health Solutions			557			521			7				(5	)			-				6				6
Wealth Solutions			349			354			(1	)			(4	)			-				2				1
Elimination			(5	)			(5	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	3,143		$	3,090			2	%			(4	)%			-	%			-	%			6	%

		Three Months Ended
(millions)		Jun 30, 2019			Jun 30, 2018			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,453		$	1,443			1	%			(3	)%			-	%			(2	)%			6	%
Reinsurance Solutions			420			380			11			(2	)			1			-				12
Health Solutions			389			377			3			(4	)			-				1				6
Wealth Solutions			347			363			(4	)			(3	)			-				-				(1	)
Elimination			(3	)			(2	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,606		$	2,561			2	%			(3	)%			-	%			(1	)%			6	%

		Three Months Ended
(millions)		Sep 30, 2019			Sep 30, 2018			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,328		$	1,292			3	%			(2	)%			-	%			(1	)%			6	%
Reinsurance Solutions			291			279			4			(1	)			1			(1	)			5
Health Solutions			434			431			1			(2	)			-				1				2
Wealth Solutions			329			348			(5	)			(2	)			-				(6	)			3
Elimination			(3	)			(1	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,379		$	2,349			1	%			(2	)%			-	%			(2	)%			5	%

		Three Months Ended
(millions)		Dec 31, 2019			Dec 31, 2018			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,622		$	1,544			5	%			(2	)%			-	%			-	%			7	%
Reinsurance Solutions			187			162			15			(1	)			1			(2	)			17
Health Solutions			724			689			5			(1	)			-				-				6
Wealth Solutions			355			378			(6	)			(1	)			-				(7	)			2
Elimination			(3	)			(3	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,885		$	2,770			4	%			(1	)%			-	%			(2	)%			7	%

		Twelve Months Ended
(millions)		Dec 31, 2019			Dec 31, 2018			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	5,857		$	5,757			2	%			(3	)%			-	%			(1	)%			6	%
Reinsurance Solutions			1,686			1,563			8			(2	)			1			(1	)			10
Health Solutions			2,104			2,018			4			(3	)			-				2				5
Wealth Solutions			1,380			1,443			(4	)			(2	)			-				(3	)			1
Elimination			(14	)			(11	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	11,013		$	10,770			2	%			(3	)%			-	%			(1	)%			6	%

		Three Months Ended
(millions)		Mar 31, 2020			Mar 31, 2019			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,477		$	1,454			2	%			(2	)%			-	%			-	%			4	%
Reinsurance Solutions			848			788			8			(1	)			-				-				9
Health Solutions			572			557			3			(2	)			-				1				4
Wealth Solutions			327			349			(6	)			(1	)			-				(4	)			(1	)
Elimination			(5	)			(5	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	3,219		$	3,143			2	%			(2	)%			-	%			(1	)%			5	%

		Three Months Ended
(millions)		Jun 30, 2020			Jun 30, 2019			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,400		$	1,453			(4	)%			(2	)%			(1	)%			-	%			(1	)%
Reinsurance Solutions			448			420			7				-				(1	)			(1	)			9
Health Solutions			321			389			(17	)			(4	)			-				3			(16	)
Wealth Solutions			330			347			(5	)			(2	)			-				(4	)			1
Elimination			(2	)			(3	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,497		$	2,606			(4	)%			(2	)%			(1	)%			-	%			(1	)%

		Three Months Ended
(millions)		Sep 30, 2020			Sep 30, 2019			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,320		$	1,328			(1	)%			-	%			(1	)%			-	%			-	%
Reinsurance Solutions			321			291			10				-				(3	)			-				13
Health Solutions			423			434			(3	)			(1	)			-				1			(3	)
Wealth Solutions			327			329			(1	)			2			-				-				(3	)
Elimination			(6	)			(3	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,385		$	2,379			-	%			-	%			(1	)%			1	%			-	%

		Three Months Ended
(millions)		Dec 31, 2020			Dec 31, 2019			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,664		$	1,622			3	%			2	%			-	%			-	%			1	%
Reinsurance Solutions			197			187			5			-				(3	)			(4	)			12
Health Solutions			751			724			4			-				-				3			1
Wealth Solutions			357			355			1			2			-				-				(1	)
Elimination			(4	)			(3	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,965		$	2,885			3	%			1	%			-	%			-	%			2	%

		Twelve Months Ended
(millions)		Dec 31, 2020			Dec 31, 2019			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	5,861		$	5,857			-	%			-	%			-	%			(1	)%			1	%
Reinsurance Solutions			1,814			1,686			8			-				(1	)			(1	)			10
Health Solutions			2,067			2,104			(2	)			(1	)			-				1				(2	)
Wealth Solutions			1,341			1,380			(3	)			-				-				(2	)			(1	)
Elimination			(17	)			(14	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	11,066		$	11,013			-	%			-	%			-	%			(1	)%			1	%

		Three Months Ended
(millions)		Mar 31, 2021			Mar 31, 2020			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,640		$	1,477			11	%			5	%			-	%			(1	)%			7	%
Reinsurance Solutions			922			848			9			3			(1	)			1				6
Health Solutions			615			572			8			3			-				1				4
Wealth Solutions			355			327			9			4			-				1				4
Elimination			(7	)			(5	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	3,525		$	3,219			10	%			4	%			-	%			-	%			6	%

		Three Months Ended
(millions)		Jun 30, 2021			Jun 30, 2020			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	1,643		$	1,400			17	%			5	%			-	%			(1	)%			13	%
Reinsurance Solutions			500			448			12			1			-				2				9
Health Solutions			391			321			22			5			-				-				17
Wealth Solutions			356			330			8			6			-				1				1
Elimination			(4	)			(2	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	2,886		$	2,497			16	%			4	%			-	%			1	%			11	%

		Six Months Ended
(millions)		Jun 30, 2021			Jun 30, 2020			% Change			Less: Currency Impact (1)			Less: Fiduciary Investment Income			Less: Acquisitions, Divestitures & Other			Organic Revenue Growth (Decline) (2)
Revenue
Commercial Risk Solutions		$	3,283		$	2,877			14	%			5	%			-	%			(1	)%			10	%
Reinsurance Solutions			1,422			1,296			10			2			(1	)			2				7
Health Solutions			1,006			893			13			4			-				-				9
Wealth Solutions			711			657			8			5			-				-				3
Elimination			(11	)			(7	)			N/A				N/A				N/A				N/A				N/A
Total revenue		$	6,411		$	5,716			12	%			4	%			-	%			-	%			8	%

(1)	Currency impact between two period is determined by translating the earlier period's revenue at the later period's foreign exchange rates.

(2)	Organic revenue growth includes the impact of intercompany activity and excludes the impact of changes in foreign exchange rates, fiduciary investment income, acquisitions, divestitures, transfers between revenue lines, and gains or losses on derivatives accounted for as hedges.