For the quarter ended December 2024, Willis Towers Watson (WTW) reported revenue of $3.04 billion, up 4.2% over the same period last year. EPS came in at $8.13, compared to $7.44 in the year-ago quarter.The reported revenue represents a surprise of -0.37% over the Zacks Consensus Estimate of $3.05 billion. With the consensus EPS estimate being $8.01, the EPS surprise was +1.50%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

分组1 - Willis Towers Watson (WTW) reported quarterly earnings of $8.13 per share, exceeding the Zacks Consensus Estimate of $8.01 per share, and up from $7.44 per share a year ago, representing an earnings surprise of 1.50% [1] - The company posted revenues of $3.04 billion for the quarter ended December 2024, which was below the Zacks Consensus Estimate by 0.37%, but an increase from $2.91 billion year-over-year [2] - Over the last four quarters, WTW has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] 分组2 - The stock has gained approximately 5.6% since the beginning of the year, outperforming the S&P 500's gain of 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $3.58 on revenues of $2.39 billion, and for the current fiscal year, it is $17.94 on revenues of $10.04 billion [7] - The Zacks Industry Rank for Insurance - Brokerage is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Revenue1 increased 4% over prior year to $3.0 billion for the quarter and increased 5% to $9.9 billion for the yearOrganic Revenue growth of 5% for both the quarter and the yearDiluted Earnings per Share was $12.25 for the quarter, up 105% over prior year, and Diluted Loss2 was $0.96 for the year.Adjusted Diluted Earnings per Share was $8.13 for the quarter, up 9% from prior year, and $16.93 for the year, up 17% over prior year Operating Margin was 29.7% for the quarter, up 300 basis points over prior year, ...

Revenue Performance - Revenue for Q4 2024 was $3.04 billion, a 4% increase from $2.91 billion in Q4 2023, with organic growth also at 5%[5] - Full Year 2024 revenue was $9.93 billion, a 5% increase from $9.48 billion in 2023, with organic growth at 5%[8] - Revenue for the year ended December 31, 2024, increased to $9,930 million, a 5% increase from $9,483 million in 2023[56] - The Health, Wealth & Career segment generated $1.85 billion in revenue for Q4 2024, a 3% increase from the prior year[11] - The Risk & Broking segment reported revenue of $1.14 billion for Q4 2024, a 6% increase year-over-year[14] - Risk & Broking segment revenue grew to $4,038 million in 2024, an 8% increase compared to $3,735 million in 2023[54] Net Income and Earnings - Net Income for Q4 2024 reached $1.25 billion, a 100% increase compared to $623 million in the prior year[6] - The company reported a net loss of $88 million for the full year 2024, compared to a net income of $1.1 billion in 2023, primarily due to impairment charges related to the sale of TRANZACT[9] - Net income for Q4 2024 was $1,248 million, a 41.1% increase from $623 million in Q4 2023[62] - Adjusted net income for the three months ended December 31, 2024, was $827 million, compared to $775 million in 2023, marking a 6.7% increase[59] - Diluted earnings per share for the year ended December 31, 2024, was $12.25, up from $5.97 in 2023, representing a significant increase[59] Adjusted Financial Metrics - Adjusted EBITDA for Q4 2024 was $1.2 billion, representing 38.6% of revenue, up from 37.1% in Q4 2023[6] - Adjusted Diluted EPS for Q4 2024 was $8.13, a 9% increase from $7.44 in Q4 2023[4] - Adjusted EBITDA for Q4 2024 reached $1,173 million, with a margin of 38.6%, compared to $1,080 million and 37.1% in Q4 2023[62] - Adjusted operating income for the year ended December 31, 2024, was $2,378 million, with a margin of 23.9%, compared to $2,082 million and 22.0% in 2023[64] Cash Flow and Liquidity - Free cash flow for the year ended December 31, 2024, was $1,376 million, representing a margin of 13.9%, compared to $1,192 million and 12.6% in 2023[67] - Free cash flow is highlighted as a liquidity measure, representing cash flows from operating activities minus capital expenditures[38] - Cash flows from operating activities increased to $1,512 million in 2024 from $1,345 million in 2023, reflecting a growth of about 12.4%[77] - Total cash, cash equivalents, and restricted cash rose to $4,998 million in 2024, up from $3,792 million in 2023, marking an increase of approximately 32%[80] Assets and Liabilities - Cash and cash equivalents as of December 31, 2024, were $1,890 million, an increase from $1,424 million in 2023[72] - Total current assets as of December 31, 2024, were $15,105 million, compared to $13,433 million in 2023[72] - Total assets decreased from $29,090 million in 2023 to $27,681 million in 2024, a decline of approximately 4.8%[73] - Long-term debt rose to $5,309 million in 2024, up from $4,567 million in 2023, an increase of approximately 16.2%[73] - Total liabilities increased slightly to $19,664 million in 2024 from $19,497 million in 2023, reflecting a marginal rise of about 0.9%[73] - The total equity of the company decreased to $8,017 million in 2024 from $9,593 million in 2023, a decline of approximately 16.5%[73] Impairment and Charges - The company reported an impairment of $1,042 million for the year ended December 31, 2024[66] - The company incurred an impairment charge of $1,042 million in 2024, which was not present in 2023, impacting overall financial performance[75] Strategic Plans and Expectations - The company plans to repurchase approximately $1.5 billion in shares in 2025, subject to market conditions[16] - Expected foreign currency headwinds on adjusted diluted EPS for 2025 are projected to be between $0.18[18] - Forward-looking statements include expectations for organic revenue growth and free cash flow generation, reflecting management's strategic goals[41] - The company acknowledges various risks and uncertainties that could impact future performance, including economic conditions and regulatory changes[43] Segment Performance - Segment operating income for Health, Wealth & Career was $1,717 million in 2024, up from $1,565 million in 2023, reflecting a growth of 9.7%[54] - Segment operating margins for Health, Wealth & Career improved to 41.9% in Q4 2024, compared to 40.5% in Q4 2023[55] - Segment operating income for the Risk & Broking segment was $958 million in 2024, up from $813 million in 2023, reflecting an 18% increase[54] - Book-of-business settlements for the Risk & Broking segment were $14 million in Q4 2024, compared to $11 million in Q4 2023[52]

NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business, (NASDAQ:WTW), today announced the appointment of Paul Graziano as Growth Leader for North America. Graziano will focus on driving the development of a consistent framework to unify our revenue growth efforts across Willis in North America. Graziano has more than thirty years of industry experience. He joins Willis from Marsh, where he was most recently Managing Director and Global Engagement Partner. He also brings extensive experience work ...

Wall Street analysts expect Willis Towers Watson (WTW) to post quarterly earnings of $8.01 per share in its upcoming report, which indicates a year-over-year increase of 7.7%. Revenues are expected to be $3.05 billion, up 4.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's ea ...

Executive Appointment - Pat Donnelly appointed as the new Head of Risk & Broking (R&B), North America, reporting to Lucy Clarke, President, R&B [1] - Donnelly brings extensive experience from leadership roles at Marsh, JLT, and Aon, including President, Specialty & Global Placement at Marsh and CEO of JLT Specialty in North America [1][2][3] Leadership Background - Donnelly joined Marsh as part of the acquisition of JLT and previously served as President, Marsh U.S. and Canada, overseeing insurance broking and risk advisory businesses across North America [2] - Earlier in his career, Donnelly was the Chief Broking Officer for U.S. Retail at Aon [3] Strategic Impact - Lucy Clarke highlights Donnelly's global reputation as a committed and inspirational leader, emphasizing his fit for driving growth and strengthening the specialist approach at WTW [3][4] - Donnelly's leadership is expected to enhance client service and value delivery, with his role based in Chicago and joining WTW in Q2 2025 [4] Company Overview - WTW provides data-driven, insight-led solutions in people, risk, and capital, leveraging global expertise across 140 countries to help organizations enhance resilience and performance [5] - The company focuses on uncovering opportunities for sustainable success through collaborative client partnerships [5]

Core Insights - Willis, a WTW business, has appointed Pat Donnelly as the new Head of Risk & Broking for North America, reporting to Lucy Clarke, President of R&B [1] - Donnelly has extensive experience in the insurance and risk management industry, having held leadership roles at Marsh, JLT, and Aon [1][2] - Lucy Clarke expressed excitement about Donnelly's appointment, highlighting his reputation as a committed and inspirational leader [3] Company Overview - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries [5] - The company aims to help organizations sharpen their strategy, enhance resilience, motivate their workforce, and maximize performance [5] - WTW focuses on uncovering opportunities for sustainable success and providing valuable perspectives to clients [5] Leadership Background - Prior to joining WTW, Donnelly served as President of Specialty & Global Placement at Marsh and was involved in the acquisition of JLT [2] - He has a notable history as CEO of JLT Specialty in North America, where he built the U.S. retail business [3] - Donnelly also held the position of Chief Broking Officer for U.S. Retail at Aon, contributing to his extensive industry experience [3] Future Expectations - Donnelly will be based in Chicago and is expected to join WTW in the second quarter of 2025 [4] - His leadership is anticipated to drive growth and strengthen the company's specialist approach while ensuring exceptional service and value for clients [4]

NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Willis, a WTW business (Nasdaq: WTW), is pleased to announce that its Investment Management Insurance (IMI) Plus product is now available to U.S. clients. Previously launched in July 2024 for clients in the UK and Canada, this unified management and professional policy addresses the specific needs of asset managers, providing integrated protection and streamlined management across key risk categories. IMI Plus grants critical coverages—cyber liability, employment ...

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