Aon vs Travelers Companies (AON vs TRV)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Travelers Companies is the larger company by revenue ($48.8B vs $17.2B). Aon carries the larger market value ($76.2B vs $72.6B). Aon grew revenue faster in its latest fiscal year (+9.4% vs +5.2%). Travelers Companies trades at the lower trailing P/E (10.2x vs 19.6x).
About Aon
Aon plc is a global professional services firm that provides risk management, insurance brokerage, reinsurance, and human capital consulting services. Its main business segments are Risk Capital, which offers insurance and reinsurance brokerage and consulting, and Human Capital, which delivers health, benefits, talent advisory, and retirement consulting services. Aon serves clients in over 120 countries across various industries and market segments.
About Travelers Companies
Travelers Companies, Inc. provides commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals. Its offerings include various insurance coverages such as commercial multi-peril, workers' compensation, general liability, and commercial property insurance, serving customers primarily in the United States, the United Kingdom, and the Republic of Ireland. The company also operates a Lloyd's syndicate underwriting marine, energy, property, aviation, and special risks insurance.
Head to head (AON FY2025 vs TRV FY2025)
| Metric | AONFY2025 | TRVFY2025 |
|---|---|---|
| Revenue | $17.18B | $48.83B |
| Revenue growth (YoY) | 9.4% | 5.2% |
| Gross margin | — | — |
| Operating margin | 25.3% | — |
| Net margin | 21.5% | 12.9% |
| Net income | $3.69B | $6.29B |
| Diluted EPS | $17.02 | $27.43 |
| FCF margin | 18.7% | — |
| ROE | 39.1% | 19.1% |
| Debt / equity | 1.5× | — |
| Market cap | $76.23B | $72.62B |
| P/E (TTM) | 19.6× | 10.2× |
Fundamentals are from each company’s SEC filings (AON FY2025, TRV FY2025). P/E and market cap are derived from recent market prices and update daily.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| AON | $12.19B | $12.48B | $13.38B | $15.70B | $17.18B |
| TRV | $34.82B | $36.88B | $41.36B | $46.42B | $48.83B |
Peer standing
Where each company ranks among the 88 insurance companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | AON | TRV |
|---|---|---|
| Net margin | 21.5%83rd percentile of 82 | 12.9%57th percentile of 82 |
| Revenue growth (YoY) | +9.4%49th percentile of 88 | +5.2%33rd percentile of 88 |
| ROE | 39.1%99th percentile of 73 | 19.1%71st percentile of 73 |
| P/E (TTM) | 19.6×77th percentile of 71 | 10.2×36th percentile of 71 |
| Short interest (days to cover) | 1.61d13th percentile of 86 | 2.86d48th percentile of 86 |
Short interest
| FINRA settlement data | AON | TRV |
|---|---|---|
| Shares sold short | 3.7M | 7.9M |
| Change vs prior settlement | +2.9% | +32.7% |
| Days to cover | 1.61 | 2.86 |
| As of settlement | 2026-06-30 | 2026-06-30 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 open-market activity | AON | TRV |
|---|---|---|
| Buys | 0 | 0 |
| Sells | 1 ($216,000) | 7 ($7.0M) |
Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.
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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.