Q3 WTW Financials

WTW has released its earnings report for the third quarter. It operates in two business segments: health, wealth, and career (HWC) and risk and broking (R&B).

Here is how the global brokerage performed between July 1 and September 30.

WTW stated in a press release that last year’s income from operations and net income were significantly higher than the previous year due to a US$1 billion income receipt from the cancelled merger with Aon.

In terms of segment performance, WTW’s HWC business had an operating income of $236 million, a 2% decrease from 2021. The R&B division, on the other hand, saw a 24% drop in operating income to US$105 million.

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“Our investments in people, technology, and change are beginning to pay off,” said WTW CEO Carl Hess. “Our organic revenue growth rate has increased to 6%.” ” In addition, we increased our adjusted operating margins by 110 basis points over last year.

“As we look forward, we are confident in our ability to drive growth, increase margins, and create long-term value for our shareholders due to our strategic momentum, strong demand for our services, and the resilience and flexibility of our business.”

Despite market changes, WTW maintains its full-year targets for organic revenue growth, adjusted operating margin expansion, and non-cash pension income. Simultaneously, the company raises its full-year targets for run-rate cost savings and foreign currency headwinds to adjusted earnings per share.

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