Willis Towers Watson PLC

WTW

Equity

ISIN IE00BDB6Q211 / Valor 30948740

NASDAQ (2024-12-24)

USD 316.03+0.52%

Willis Towers Watson PLC
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About company

Willis Towers Watson PLC is a global advisory, broking, and solutions company that helps clients around the world turn risk into a path for growth. The company's services include risk management, insurance brokerage, and human capital and benefits consulting. Willis Towers Watson PLC is committed to promoting inclusion and diversity within its organization through the leadership of various councils comprised of colleagues from across the company.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Willis Towers Watson PLC reported a revenue increase of 6% for the third quarter of 2024, reaching $2.3 billion. This growth was consistent across reported, constant currency, and organic measures, indicating a strong market presence and successful strategic initiatives.

Net Loss

The company experienced a net loss of $1.67 billion in the third quarter of 2024, a significant decline from a net income of $139 million in the same period the previous year. This loss was primarily due to pre-tax non-cash losses and impairment charges related to the pending sale of TRANZACT.

Adjusted Earnings

Despite the net loss, Willis Towers Watson PLC's adjusted diluted earnings per share rose by 31% to $2.93 in the third quarter of 2024. This increase reflects the company's ability to leverage its core operations effectively, excluding the impact of one-time charges.

Operating Margin

The adjusted operating margin for the third quarter of 2024 improved to 18.1%, up 190 basis points from the previous year. This improvement was driven by revenue growth, operating leverage, and the company's ongoing Transformation program.

2024 Outlook

Willis Towers Watson PLC remains optimistic about its performance for the full year 2024, targeting revenue of $9.9 billion or greater and mid-single-digit organic revenue growth. The company also aims for an adjusted operating margin between 23.0% and 23.5% and adjusted diluted earnings per share ranging from $16.00 to $17.00.

Summarized from source with an LLMView Source

Key figures

31.6%1Y

33.7%3Y

56.5%5Y

Performance

17.3%1Y

22.2%3Y

27.4%5Y

Volatility