Willis Towers Watson (WTW) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.68 per share. This compares to earnings of $2.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.33%. A quarter ago, it was expected that this advisory, broking and solutions company would post earnings of $2.28 per share when it actually produced earnings of $2.55, delivering a surprise of 11.84%.Over t ...

Revenue1 increased 6% to $2.3 billion for the quarter with organic growth of 6% for the quarter Diluted Loss2 per Share was $16.44 for the quarter Adjusted Diluted Earnings per Share were $2.93 for the quarter, up 31% from prior year Operating Margin2 was (33.5)% for the quarter Adjusted Operating Margin was 18.1% for the quarter, up 190 basis points from prior year LONDON, Oct. 31, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) (the "Company"), a leading global advisory, broking and solutions company, today an ...

Core Viewpoint - WTW is expanding its Corporate Risk & Broking business in Japan by launching an insurance brokerage service aimed at commercial clients and partner brokers, under the entity WTW Broker Japan Co., Ltd. [1] Group 1: Business Expansion - The new service will provide insurance solutions and wholesale facultative reinsurance placement services to commercial clients and partner brokers in Japan [1] - The expansion aims to introduce specialty broking solutions to Japanese companies, particularly focusing on large corporates and those with overseas business interests [2] Group 2: Market Focus - WTW will concentrate on specialty segments such as Natural Resources, Marine, Construction, Aviation, and Crisis Management, among others [2] - The existing agency will continue to support domestic corporate business and Japanese companies with global programs [3] Group 3: Leadership and Expertise - Tetsuro Nakazawa, with 25 years of experience in the insurance industry, will lead the new brokerage operation, which will include over 10 brokers and risk advisors by early next year [4][3] - Tetsuro emphasizes the growing importance of independent international brokers in Japan's transforming corporate insurance market [5] Group 4: Client Support and Risk Mitigation - WTW aims to support clients in mitigating risks related to technology, cyber threats, supply chain issues, and climate transition [3] - The company plans to leverage its global expertise and extensive network to provide the right insurance coverage for complex risks [5]

Willis Towers Watson Public Limited Company (WTW) is slated to report third-quarter 2024 earnings on Oct. 31, before market open. The insurer delivered an earnings surprise in each of the last four quarters, the average beat being 7.06%. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Factors at Play Revenues in the third quarter are likely to have benefited from strong performances across all the segments. The Zacks Consensus Estimate of $2.28 billion indicates an increase of 5.2% ...

Core Insights - Willis Towers Watson (WTW) has a strong history of beating earnings estimates and is well-positioned for continued success in upcoming reports [1][2] - The company has surpassed earnings estimates by an average of 7.17% over the last two quarters, with a notable surprise of 11.84% in the most recent quarter [1][2] - The Zacks Earnings ESP for WTW is currently +2.09%, indicating a positive outlook from analysts regarding the company's earnings prospects [3] Earnings Performance - In the latest quarter, WTW reported earnings of $2.55 per share against an expectation of $2.28, resulting in an 11.84% surprise [1] - For the previous quarter, the consensus estimate was $3.21 per share, while the actual earnings were $3.29 per share, leading to a surprise of 2.49% [1] Analyst Sentiment - Recent estimates for WTW have been trending upward, contributing to a positive Earnings ESP, which is a strong indicator of potential earnings beats [2][3] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [2] Upcoming Earnings - The next earnings report for WTW is expected to be released on October 31, 2024 [3]

NEW YORK, Oct. 23, 2024 (GLOBE NEWSWIRE) -- About half of global employers report they are effectively delivering on each of the six individual core objectives of pay programs, despite pay being the most commonly cited reason employees join and stay with an employer. This is according to the 2024 Pay Effectiveness and Design Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. The survey found that of the six core objectives related to pay program effectiveness — driving em ...

Core Insights - Total assets under management (AUM) at the world's 500 largest asset managers reached USD 128.0 trillion at the end of 2023, marking a 12.5% annual growth and a recovery from a significant drop in 2022 when AUM fell by USD 18 trillion [1][2] - Passive investment strategies now account for 33.7% of AUM among the largest investment managers, indicating a shift in investment strategies, although active strategies still dominate [1][2] - North America experienced the largest growth in AUM with a 15.0% increase, while Europe saw a 12.4% rise; Japan experienced a slight decline of 0.7% [2][4] Asset Class Allocations - Core equity and fixed income remain dominant, comprising 77.3% of total AUM (48.3% equity and 29.0% fixed income), though this represents a slight decrease of 0.2% from the previous year as investors seek alternatives [2][4] - The growth in private markets is noted, as investors are increasingly turning to private equity and other illiquid assets for returns [2][4] Individual Asset Managers - BlackRock remains the largest asset manager with AUM exceeding USD 10 trillion, followed by Vanguard Group at nearly USD 8.6 trillion; Fidelity Investments and State Street Global rank third and fourth respectively [3][6] - Notable risers in the rankings include Charles Schwab Investment, which moved up 34 places to 25th, and Geode Capital Management, which rose 31 places to 23rd [3][6] Market Dynamics - The asset management industry has seen consolidation and change, with macroeconomic factors such as high interest rates impacting various asset classes and investment styles [4][5] - There is a continued trend of net flows into passive strategies due to their lower fees and simplicity, although market volatility raises caution among some investors [5][6] - Asset managers face pressure to evolve their business models, emphasizing the need for technology investment to meet client expectations and adapt to competitive pressures [5][6]

LONDON, Oct. 09, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company today announced a new scientific partnership with the University of Colorado Boulder to transfer scientific advances in seasonal climate prediction to the insurance and risk management industries. Through this collaboration, WTW and its clients will be able to anticipate how weather events will affect their operations and portfolios over the next quarter and prepare for forecasted climate r ...

LONDON, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WTW announced today that it has acquired a stake in atomos, the UK-based advice-led wealth manager backed by funds managed by Oaktree Capital Management, L.P. ("Oaktree"). The investment follows a successful alliance with atomos since the end of 2022, during which WTW's investment engine has successfully powered atomos' multi-asset investment solutions. With its scale and investment rigour, WTW provides atomos' clients with access to a broader, more diversified rang ...

Core Insights - WTW is enhancing its Corporate Risk & Broking (CRB) business in the Philippines by appointing Gerald M.Dolina as the new Head of Philippines and CRB Philippines, effective January 2, 2025 [1][4] - James Matti will transition to Managing Director of Health, Wealth & Career (HWC) Philippines, continuing to focus on client service excellence [2][3] - The Philippines is identified as a key market for WTW in Southeast Asia, with a commitment to invest in talent to better support client needs [4][5] Leadership Transition - Gerald M.Dolina brings nearly three decades of experience in the risk space and will lead the CRB business in the Philippines [4] - James Matti has led the business for 18 years, establishing a strong foundation for the CRB business and will now oversee the HWC sector [2][3] Market Strategy - WTW aims to be the leading specialty broker and risk advisor in the Philippines, focusing on delivering smarter, data-backed solutions to clients [4][5] - Rupert Roberts emphasizes the importance of exceptional client service and the need for responsive solutions in the market [5]