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Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a leading global advisory, broking, and solutions company that helps clients worldwide turn risk into a pathway for growth. Established in 1828, Willis Towers Watson (WTW) employs approximately 48,000 people and operates in more than 140 countries. The company provides data-driven, insight-led solutions in the areas of people, risk, and capital, aiming to enhance organizational resilience, optimize benefits, and maximize performance.
WTW’s operations are divided into two main business segments: Health, Wealth, and Career (HWC), and Risk and Broking (R&B). The HWC segment includes consulting services related to health, retirement, and talent management. Recent achievements in this segment include a 4% revenue increase in Q1 2024, driven by the expansion of the Global Benefits Management client portfolio and organic growth in the Wealth and Career services.
The R&B segment focuses on risk management and insurance broking. In Q1 2024, this segment saw an 8% revenue increase due to strong client retention and new business activities. Notable projects include the launch of innovative tools like the WTW Risk IQ API and the Workers’ Compensation Diagnostic Tool, which enhance data analysis and risk mitigation strategies.
WTW’s financial performance remains robust, with Q1 2024 revenue at $2.34 billion, a 4% year-over-year increase. Despite a 6% decline in net income to $194 million, the company reported a 13% increase in adjusted EBITDA to $568 million, reflecting strong margins and strategic execution.
Recent partnerships and projects underscore WTW’s commitment to innovation and client-centric solutions. These include a collaboration with Riskonnect to streamline risk and claims data analysis, and the launch of the CyXS facility to address escalating cyber risks.
For more information, visit WTW’s official website.
WTW (NASDAQ: WTW) has declared a quarterly cash dividend of $0.82 per common share for the quarter ended June 30, 2022. This dividend will be payable on or about October 17, 2022 to shareholders of record as of the close on September 30, 2022. WTW continues to provide data-driven solutions in people, risk and capital, leveraging expertise across 140 countries to enhance performance and resilience for organizations.
WTW (NASDAQ: WTW) has announced the appointment of Sean Deehan as the new leader for Hong Kong and Macau, effective September 1, 2022. He will also maintain his role as the Hong Kong Market Leader for the company's Insurance Consulting & Technology division. Deehan brings over 25 years of experience in the life and health insurance sectors, including significant time spent in Mainland China. The appointment reflects WTW's strategic focus on enhancing operations in the key financial hub amidst the region's post-pandemic recovery.
WTW reported second-quarter 2022 financial results with total revenue of $2.03 billion, a 3% decline year-over-year, but showing 3% organic growth. Diluted EPS fell 31% to $0.97, while adjusted diluted EPS increased 9% to $2.32. Income from operations was $137 million (6.7% margin). The company raised its target for run-rate savings from $30 million to over $80 million for 2022. WTW repurchased $471 million in shares this quarter, focusing on investment in growth.
Ørsted has achieved full accreditation through the Climate Transition Pathway (CTP) framework, demonstrating alignment with the Paris Agreement's carbon reduction goals. The company has transformed from a high-carbon utility to a leader in renewable energy, reducing emissions intensity by over 87% since 2006. This recognition highlights Ørsted's commitment to a low-carbon future, with goals to decarbonize its supply chain by 2040. WTW expresses pride in supporting Ørsted's climate initiatives, marking a significant step towards a sustainable business environment.
WTW reports robust M&A activity with the third highest half-year volume since 2008, completing 441 deals over $100 million in H1 2022. The Asia Pacific region outperformed others, while North America and Europe lagged. Despite slowing deal activity from 2021's record of 484 deals, transaction volumes remain above pre-pandemic levels. However, market volatility has negatively impacted deal performance, with buyers underperforming the market by 4.8 percentage points. The average deal closure time increased, with 60% exceeding 70 days.
WTW has announced the acquisition of Butterwire, a FinTech specializing in climate risk analytics, enhancing its market position. The deal aims to improve WTW's capabilities in climate-related financial risk management globally. Butterwire's team brings advanced data analytics, artificial intelligence, and machine learning skills, furthering WTW’s service offerings under its Climate and Resilience Hub. This acquisition integrates Butterwire's technology, including the Climate Transition Value at Risk methodology, which aligns with Paris Agreement goals, thereby reinforcing WTW’s commitment to sustainability.
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