WTW reported internet Revenue for the fourth quarter of 2024 of $1.25 billion, in comparison with internet revenue of $623 million in the identical interval in 2023. Nevertheless, the dealer noticed a internet loss for the yr of $88 million, in contrast with internet revenue of $1.1 billion throughout 2023.
The 2024 loss was primarily associated to greater than $1.0 billion in impairment expenses associated to the sale of its direct-to-consumer insurance coverage distribution enterprise, TRANZACT, to the non-public fairness agency GTCR and Acknowledge, a know-how companies funding platform, for $632.4 million. The TRANZACT deal was completed in January 2025 and first announced in October 2024.
WTW’s diluted earnings per share was $12.25 for the quarter, up 105% over prior yr, whereas the diluted loss was $0.96 for the yr.
This fall income elevated 4% to $3.0 billion from $2.9 billion in This fall 2023.
This fall income elevated 4% to $3.0 billion, in contrast with $2.91 billion This fall 2023. Full-year income elevated 5% to $9.93 billion from $9.48 billion reported throughout FY 2023.
Natural revenues grew by 5% for each the quarter and the yr, WTW confirmed. (Editor’s notice: Marsh McLennan reported full-year and quarterly organic growth of 7% whereas Aon report FY and This fall organic growth of 6%).
“WTW is coming into 2025 with appreciable momentum after delivering on our 2024 monetary targets by strong income progress, strong margin growth and earnings progress,” based on Carl Hess, WTW’s chief government officer, in a statement.
The corporate’s Danger & Broking section had This fall income of $1.14 billion, a rise of 6% (7% improve fixed foreign money and natural) from $1.08 billion within the prior yr. R&B’s This fall working revenue rose 8% to $383 million from $354 million throughout This fall 2023.
The R&B section contains Company Danger & Broking (CRB) and the corporate’s Insurance coverage Consulting and Expertise (ICT) enterprise.
WTW mentioned CRB’s natural income progress was pushed by increased ranges of recent enterprise exercise and robust shopper retention, whereas ICT’s natural income progress was pushed primarily by sturdy software program gross sales in know-how.
Subjects
Trends
Profit Loss
Willis Towers Watson
Was this text precious?
Listed here are extra articles you could take pleasure in.
Enthusiastic about Revenue Loss?
Get computerized alerts for this matter.
