Group 1 - WTW has been recognized in the Forbes list of America's Best Employers for Women 2024, highlighting its commitment to creating a supportive workplace for women and all employees globally [4][1] - The recognition is based on an independent survey of over 150,000 women working in companies with at least 1,000 employees across various industries, considering over 4 million employer evaluations [1][4] - The evaluation criteria include personal evaluations, public evaluations, and diversity among top executives and board members, focusing on aspects such as workplace atmosphere, pay equity, and family support [5] Group 2 - WTW provides data-driven, insight-led solutions in the areas of people, risk, and capital, serving clients in 140 countries and markets [3] - The company aims to enhance organizational resilience, motivate the workforce, and maximize performance through its global and local expertise [3]

分组1 - Willis Towers Watson (WTW) reported quarterly earnings of $2.55 per share, exceeding the Zacks Consensus Estimate of $2.28 per share, and up from $2.05 per share a year ago [1] - The company posted revenues of $2.27 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.03%, and compared to $2.16 billion in the same quarter last year [2] - WTW has exceeded consensus revenue estimates three times in the last four quarters [2] 分组2 - The current consensus EPS estimate for the upcoming quarter is $2.69 on revenues of $2.28 billion, and for the current fiscal year, it is $16.27 on revenues of $9.95 billion [10] - WTW shares have increased approximately 10.7% since the beginning of the year, while the S&P 500 has gained 13.8% [8] - The Zacks Industry Rank for Insurance - Brokerage is in the top 31% of over 250 Zacks industries, indicating a favorable outlook for the sector [5]

INVESTORS Claudia De La Hoz | Claudia.Delahoz@wtwco.com WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Condensed Consolidated Balance Sheets (In millions of U.S. dollars, except share data) | --- | --- | --- | --- | --- | --- | |---------------------------------------|-------------|-------|-----------------|-------|-------------------| | ASSETS | (Unaudited) | | June 30, 2024 | | December 31, 2023 | | Cash and cash equivalents | | $ | 1,247 | $ | 1,424 | | Fiduciary assets | | | 9,925 | | 9,073 | | Accounts re ...

Core Insights - WTW reported strong second-quarter results for 2024, with significant growth in earnings per share (EPS) and operating margins, driven by robust organic growth and operational efficiency [1][3] - The company raised its full-year 2024 targets for adjusted operating margin to 23.0%-23.5% and adjusted EPS to $16.00-$17.00, reflecting confidence in ongoing performance [1][9] Financial Performance - Revenue for Q2 2024 was $2.27 billion, a 5% increase from $2.16 billion in Q2 2023; on an organic basis, revenue also increased by 6% [2][4] - Income from operations rose to $212 million, up 49% year-over-year, with an operating margin of 9.4%, an increase of 280 basis points [4][71] - Adjusted operating income increased by 22% to $385 million, with an adjusted operating margin of 17.0%, up 240 basis points from the previous year [4][78] Segment Highlights - The Health, Wealth & Career (HWC) segment generated revenue of $1.26 billion, a 4% increase year-over-year, with organic growth driven by project work and client retention [7][27] - The Risk & Broking (R&B) segment reported revenue of $979 million, a 9% increase, with operating income rising 39% to $202 million and an operating margin of 20.6%, up 450 basis points [8][28] Cash Flow and Capital Allocation - Cash flows from operating activities were $431 million for Q2 2024, slightly up from $430 million in the prior year; free cash flow for the first half of 2024 was $361 million, an increase of $11 million year-over-year [26][6] - The company repurchased $200 million of its outstanding shares during the quarter, reflecting a commitment to returning value to shareholders [6] Outlook - WTW's updated targets for 2024 include revenue expectations of over $9.9 billion, with adjusted operating margin and adjusted diluted EPS revised upwards [27][30] - The company anticipates annual cost savings from its transformation program to reach approximately $450 million, with total costs to achieve the program estimated at $1.175 billion [30]

Core Insights - WTW reported a revenue increase of 5% to $2.27 billion for Q2 2024, with organic growth of 6% [6][34][36] - Diluted Earnings per Share (EPS) rose by 55% to $1.36, while Adjusted Diluted EPS increased by 24% to $2.55 [6][12][13] - The company raised its full-year 2024 targets for Adjusted Operating Margin to 23.0%-23.5% and Adjusted Diluted EPS to $16.00-$17.00 [10][12] Financial Performance - Revenue for the six months ended June 30, 2024, was $4.61 billion, up 5% from $4.40 billion in the prior year [34][54] - Operating income for Q2 2024 was $212 million, a 49% increase from $142 million in Q2 2023 [11][57] - Adjusted Operating Income for Q2 2024 was $385 million, reflecting a 22% increase from $315 million in the prior year [11][57] Segment Performance - The Health, Wealth & Career (HWC) segment generated $1.26 billion in revenue for Q2 2024, a 4% increase from $1.22 billion in Q2 2023 [15][36] - The Risk & Broking (R&B) segment reported revenue of $979 million, a 9% increase from $900 million in the prior year [11][36] - Operating margins improved significantly, with HWC at 21.9% (up 360 basis points) and R&B at 20.6% (up 450 basis points) [10][36][70] Cash Flow and Capital Allocation - Cash flows from operating activities were $431 million for Q2 2024, slightly up from $430 million in the prior year [35] - Free cash flow for the first half of 2024 was $361 million, an increase of $11 million compared to $350 million in the same period last year [35] - The company repurchased $200 million of its outstanding shares during the quarter [14] Outlook and Guidance - The company updated its annual cost savings target from approximately $425 million to $450 million [37] - The transformation program costs to achieve are now estimated to be between $1.125 billion and $1.175 billion [37] - The outlook includes a foreign-currency headwind on Adjusted Diluted EPS, projected at $0.05 for 2024 [37]

Willis Towers Watson Public Limited Company (WTW) is set to report second-quarter 2024 earnings on Jul 25, before market open. The insurer delivered an earnings surprise in three of the last reported quarters while missing in one. Factors at Play Revenues in the second quarter are likely to have benefited from strong performances across all the segments and the increasing impact of ongoing investments in talent and technology. The Zacks Consensus Estimate of $2.26 billion indicates an increase of 4.8% from ...

Core Insights - WTW has appointed Lucy Clarke as president of the Risk & Broking segment, which includes over 14,000 employees serving 140 countries globally [1][6] - Clarke has extensive industry experience, having held leadership roles at JLT Group and Marsh, including her most recent position as president of Marsh Specialty and Global Placement [2] - Adam Garrard has been appointed as chairman of Risk & Broking, working closely with Clarke to drive growth in the segment [6] Company Strategy - WTW aims to enhance its Risk & Broking segment by focusing on specialization, exceptional client service, and leveraging data and analytics [3][5] - The company emphasizes the importance of aligning its market strengths with growth priorities to support clients in a changing risk landscape [3][5] - Clarke expressed her commitment to a client-focused strategy and the importance of specialization and digitization in the Risk & Broking sector [7] Leadership and Vision - Carl Hess, WTW's CEO, highlighted that Clarke's addition strengthens the leadership team and will help drive strategic priorities, including specialization, digitization, and optimization [5] - Clarke's market presence and track record of delivering results are seen as valuable assets for WTW's future growth [3][5] - The company is committed to adding talent that aligns with its culture and ambitions to better serve its clients [3]

Group 1 - WTW has appointed Lucy Clarke as president of Risk & Broking, enhancing its leadership team and strategic priorities in specialization, digitization, and optimization [1][2] - Adam Garrard has taken on the new role of chairman for Risk & Broking, indicating a restructuring within the leadership [1][3] - Clarke will oversee the financial and operational management of WTW's Risk & Broking segment, which includes over 14,000 employees across 140 countries [3] Group 2 - Lucy Clarke has 25 years of industry experience, previously holding leadership roles at JLT Group and Marsh, including president of Marsh Specialty and Global Placement [4] - WTW emphasizes a client-focused strategy and aims to leverage data-driven solutions to enhance organizational resilience and performance [5] - Garrard highlighted Clarke's commitment to specialization and exceptional client service, aligning with WTW's growth priorities and market strengths [5]

Speaking about his appointment, Latalladi said, "I am excited about the future of WTW Technology and our ability to help transform WTW and enable colleagues to better serve our clients and drive growth through innovation." Most recently, Latalladi was with MetLife. During his 12-year tenure at the company, Latalladi held various leadership roles, including Chief Information Security Officer and Chief Technology Officer. Prior to MetLife, Latalladi held technology leadership roles at the Royal Bank of Canada ...

NEW YORK, July 16, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Aartie Manansingh as Head of the Private Equity and Transaction Solutions Industry Group within Corporate Risk and Broking, North America (CRB NA). Additionally, Jorgen Andersson and Peter Galla will serve as Deputy Heads of the Division, with the new strategic leadership team bringing their deep industry knowledge to guide the next phase of significant ...