WTW reported on 29 October that third-quarter revenue reached $2.46bn, up 8% on a reported basis and 4% organically. Net income rose slightly to $309m from $306m, while adjusted diluted earnings per share increased 18% to $3.63. The adjusted operating margin widened by 150 basis points to 21.9%.
Risk & Broking, the segment that places insurance and reinsurance for clients, had revenue of $1.09bn, up 8% reported and 5% organic. Its operating margin improved by 100 basis points to 19.8%. Health, Wealth & Career, the larger consulting and benefits segment, grew revenue 7% to $1.35bn, or 4% organically, with a 29.5% margin.
Chief executive Carl Hess said "our strategy is working" and pointed to solid results in a volatile market. Free cash flow for the nine months was $1.1bn, against $838m a year earlier, and WTW repurchased $220m of shares in the quarter.
For 2026 the company expects mid-single-digit organic growth for the group and for Risk & Broking, about 100 basis points of annual margin expansion in that segment, and buybacks of more than $1.0bn. It expects Willis Re to reduce adjusted earnings per share by about $0.30 and Newfront by about $0.10, with currency adding about $0.35. WTW also describes a plan called Propel AI: about $625m of cash investment for about $400m of run-rate savings and an adjusted operating margin of about 30% in 2028.
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WTW ↗Company · 29 Oct 2026
This is an original brief based on the linked publication. Company statements and forecasts are attributed to their source.
