NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced a partnership with Kayna, an award-winning embedded insurance infrastructure platform; and Vibrant, an Easton, Pennsylvania-based platform that manages third-party vendor cybersecurity oversight by tracking insurance coverage details. US-based vertical SaaS platform Vibrant manages third-party vendor cybersecurity oversight by tracking vendor insurance coverage directly w ...

NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the appointment of Tyler Adkerson as Growth Leader for Private Equity and Transactional Solutions (PE&TS), Corporate Risk and Broking, North America (CRB NA). In his new role, Adkerson will develop and execute strategic client initiatives to strengthen partnerships with key stakeholders in Mergers and Acquisitions. Leveraging the subject-matter expertise of WTW’s Industry ...

Financial Data and Key Metrics Changes - The company reported a 6% organic revenue growth for Q3 2024, with adjusted diluted earnings per share increasing by 31% to $2.93 compared to Q3 2023 [6][7][34] - Adjusted operating margin expanded by 190 basis points year-over-year to 18.1%, driven by operating leverage and cost discipline [6][34] - Free cash flow for the nine months ended September 30, 2024, was $807 million, up 14% year-over-year [7][58] Business Line Data and Key Metrics Changes - Health, Wealth & Career (HWC) achieved 4% organic growth, with Health growing by 6%, Wealth by 3%, and Career by 7% [10][35] - Risk & Broking delivered 10% organic growth, maintaining the same growth rate as the prior year [18][41] - Benefits, Delivery & Outsourcing (BD&O) experienced a decline of 1% due to strong comparables from the previous year [39] Market Data and Key Metrics Changes - The company noted double-digit growth in international markets, particularly in Europe, driven by strong client retention and new local appointments [36] - North America saw growth attributed to increased brokerage income, with expectations of high single-digit growth for the year [37] - The company observed stabilizing and softening global rates, particularly in property and financial lines, with casualty rates remaining stable [45][78] Company Strategy and Development Direction - The company is focused on specialization and expanding its MGA, MGU, Data & Analytics, Affinity, and Specialty Solutions [19][24] - A definitive agreement was made to sell the TRANZACT business, simplifying the portfolio and allowing a focus on core B2B activities [28][54] - The company is actively pursuing strategic partnerships to enhance its offerings and expand into high-margin areas [20][22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving 2024 targets, citing strong demand and successful investments in talent and technology [8][32] - There is optimism regarding potential upside from productivity improvements and rebounding global M&A activity [9][64] - The management acknowledged challenges from a $14 million book of business activity in Q4 of the previous year, which may impact future margins [65][47] Other Important Information - The Transformation program has realized $52 million in incremental annualized savings this quarter, totaling $446 million since inception [25][49] - The company returned $294 million to shareholders through share repurchases and dividends, with an increased repurchase target for the year [52][53] - The pending sale of TRANZACT resulted in significant pre-tax losses, but these are one-time non-cash charges and do not affect adjusted earnings [56][57] Q&A Session Summary Question: Impact of the sale of TRANZACT on Q3 organic results and free cash flow - The sale of TRANZACT was a 70 basis point headwind on organic growth at the HWC level and 50 basis points at the enterprise level [60] Question: Additional color on the impact of new hires and growth in exposure units on organic growth inside Risk & Broking - Growth in Risk & Broking was primarily driven by client retention and new business, with new hires contributing positively [62] Question: Clarification on margin guidance and EPS guidance for the year - Management remains optimistic about margin guidance but has not changed EPS guidance due to potential headwinds from prior year comparables [64][65] Question: Comments on increased competitiveness in the London market - The company is seeing a stabilizing to softening market, with decreasing commercial rates and stable casualty lines [78] Question: Insights on the potential rebound in global M&A activity - There has been an uptick in M&A activity in Europe, but not yet in North America [84] Question: Expectations for the healthcare consulting business amid potential regulatory changes - Generally, changes in regulation are seen as beneficial for consulting services, as clients seek guidance on navigating new regulations [105]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ___________ | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------- ...

NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- While employers are taking steps to support employees’ physical and mental wellbeing, there is a disparity between the focus of employer wellbeing programs and what employees need the most. This is according to the latest Wellbeing Diagnostic Survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. The survey found U.S. employers are prioritizing support for mental (73%) and physical (50%) wellbeing. Yet, employees say that financial ...

Willis Towers Watson Public Limited Company (WTW) delivered third-quarter 2024 adjusted earnings of $2.93 per share, which beat the Zacks Consensus Estimate by 9.3%.  The bottom line increased 30.8% year over year.The insurer’s third-quarter results benefited from strong revenue contributions from the Health, Wealth & Career and Risk & Broking segments, as well as an expanded margin, partly offset by elevated expenses. Quarterly results also reflected the success of the Transformation program.Shares gained ...

Willis Towers Watson (WTW) reported $2.29 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 5.7%. EPS of $2.93 for the same period compares to $2.24 a year ago.The reported revenue represents a surprise of +0.41% over the Zacks Consensus Estimate of $2.28 billion. With the consensus EPS estimate being $2.68, the EPS surprise was +9.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

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 ...

EXHIBIT 99.1 WTW Reports Third Quarter 2024 Earnings Revenue increased 6% to $2.3 billion for the quarter with organic growth of 6% for the quarter Diluted Loss 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 Margin 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 ...

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 ...