Aon vs Travelers (AON vs TRV)

Aon (AON) vs Travelers (TRV) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.

Aon (AON) and Travelers (TRV) compete in insurance. Here are Aon and Travelers side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Aon or Travelers.

Aon vs Travelers: the figures

Aon and Travelers figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Aon or Travelers figure is not available, and we never estimate it.

3 key differences between Aon and Travelers

1. Valuation: Aon trades at 18.9x its annual earnings and Travelers at 10.8x; the market pays more for each dollar of Aon profit, usually because it expects more growth.
2. Debt: Aon owes 2.3x its annual operating profit (EBITDA), while Travelers owes 0.3x its EBITDA.
3. Profitability: for every 100 of sales, Aon keeps 22.2 as net profit and Travelers keeps 17.0.

Aon or Travelers: which fits your profile

• If you want growth: Aon is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
• If you want income (dividends): Travelers pays the higher dividend relative to its price.
• If you prefer caution: Travelers has less debt relative to its profit, which usually gives more room in a bad year.
• If price is what matters most to you: Travelers trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.

Neither Aon nor Travelers wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.

How Aon and Travelers make money

Aon (AON)

Aon is a broker, not an insurer: it earns commissions and fees for advising clients and placing their coverage. Its revenue lines include Commercial Risk Solutions, the largest, Reinsurance Solutions, Health Solutions for employee benefits, and Wealth Solutions for retirement plans, serving companies in the Americas, Europe and Asia. Full Aon analysis.

Travelers (TRV)

Travelers is a U.S. property and casualty insurer. Business Insurance, covering companies of all sizes, is its largest segment, followed by Bond and Specialty Insurance, which handles surety bonds and management liability, and Personal Insurance for auto and home. Profits come from underwriting and from investing premiums. Full Travelers analysis.

Frequently asked questions: Aon vs Travelers

Is Aon or Travelers the better stock?

Choosing between Aon and Travelers depends on what you are looking for. Aon is growing faster right now, and Travelers trades on the lower P/E. Fintols does not tell you whether to buy Aon or Travelers: it shows you the differences so you can decide.

Which pays a higher dividend, Aon or Travelers?

As of November 4, 2026, Travelers yields 1.26% and Aon yields 0.99%. Also check how much of their profit Aon and Travelers pay out: if it is more than they earn, it cannot last.

Which is more expensive, Aon or Travelers?

On P/E, Aon (18.9x) is more expensive than Travelers (10.8x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.

Can I own both Aon and Travelers?

Yes. Many people spread their money across several companies, such as Aon and Travelers, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Aon or Travelers.

More comparisons with Aon or Travelers

• Aon vs MetLife
• Aon vs Marsh McLennan
• MetLife vs Travelers
• Marsh McLennan vs Travelers

More companies like Aon and Travelers: insurance stocks. Educational content about Aon and Travelers, not investment advice.