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Willis Towers Watson (NASDAQ: WLTW) will report its fourth-quarter and full-year 2020 financial results on February 9, 2021, before market opening. Following the announcement, a conference call will be held at 9:00 a.m. ET to discuss the results, with a live broadcast available online. An online replay of the call will also be accessible shortly after, along with a telephonic replay available for 24 hours.
Willis Towers Watson is a global advisory and solutions company with over 45,000 employees serving more than 140 countries.
Willis Towers Watson's analysis reveals that the funded status of the largest corporate pension plans in the U.S. remained unchanged at 87% from 2019 to 2020. Despite strong investment performance, declining interest rates led to a projected pension deficit of $233 billion, up from $230 billion in 2019. Pension obligations increased by 5%, reaching $1.83 trillion. Total pension assets rose to $1.60 trillion, with average investment returns at 12.9%. Analysts express concern over future corporate earnings due to persistent low funding levels.
Willis Towers Watson (NASDAQ: WLTW) has partnered with Polecat Intelligence Ltd to develop innovative insurance solutions that address complex and evolving challenges in risk management. By leveraging Polecat's AI and machine learning capabilities, Willis Towers Watson aims to offer real-time insights into reputational and product recall risks, helping clients create effective risk mitigation strategies. This collaboration reflects a shift towards integrating AI with data analytics in insurance, improving decision-making for corporate boards and executive teams in navigating emerging risks.
Willis Towers Watson (NASDAQ: WLTW) has declared a quarterly cash dividend of $0.71 per share for the quarter ending September 30, 2020. This dividend is set to be paid around January 15, 2021, to shareholders recorded by the close of business on December 31, 2020. The company continues to demonstrate its commitment to delivering shareholder value while providing global advisory and solutions across various sectors.
Willis Towers Watson (NASDAQ: WLTW) has announced the transfer of the Climate Policy Initiative's Energy Finance team to its Climate and Resilience Hub. This move integrates CPI's expertise in low carbon transition analytics, enhancing Willis's capabilities in risk assessment for financial institutions and corporates. The Climate Quantified system will now encompass climate transition risk, aiding clients in navigating their transition pathways. This acquisition follows Willis's purchase of Acclimatise, aiming to support clients in managing the financial impacts of climate change.
Willis Towers Watson reported a nearly 10% rise in U.S. commercial insurance prices for Q3 2020, marking the second consecutive quarter of significant increases. The Commercial Lines Insurance Pricing Survey showed consistent price hikes across various insurance lines, particularly in excess/umbrella and directors’ liability insurance, while workers compensation prices saw slight reductions. Price changes varied by account size, with small accounts experiencing more muted increases, mid-market accounts near double digits, and large accounts exceeding double digits.
