WILLIS TOWERS WATSON PLC SEC 10-Q Report

Willis Towers Watson PLC, a leading global advisory, broking, and solutions company, has released its Form 10-Q report for the second quarter of 2025. The report highlights the company's robust financial performance and significant operational achievements, despite challenging market conditions. The company continues to leverage its expertise in risk management, human capital, and technology to drive growth and deliver value to its stakeholders.

Financial Highlights

• Total Revenue: $2,261 million, remained flat compared to the prior year period, with organic growth offset by the impact of divestitures.
• Income from Operations: $368 million, representing 16% of total revenue, an increase from 9% in the prior year period, driven by cost efficiencies.
• Net Income: $331 million, reflecting a significant increase from $141 million in the prior year period, attributed to favorable discrete tax items and operational improvements.
• Diluted EPS: $3.32, up from $1.36 in the prior year period, indicating improved profitability and efficiency.

Business Highlights

Segment Revenue

• Health, Wealth & Career (HWC): The HWC segment experienced a 4% organic revenue growth for the three months ended June 30, 2025, driven by strong performances in Health and Wealth services. Health saw double-digit growth outside North America, while Wealth benefited from new business wins and product launches. Career services had modest growth, with strong demand outside North America offset by client postponements in North America.
• Risk & Broking (R&B): The R&B segment reported a 5% organic revenue growth for the three months ended June 30, 2025. This growth was supported by increased broking activities and consulting services, particularly in Europe and North America.

Geographical Performance

• North America: North America contributed significantly to the company's revenue, with strong performances in both the HWC and R&B segments. However, the Individual Marketplace business within HWC saw lower commission revenue compared to the prior year.
• Europe: Europe showed robust growth, particularly in the R&B segment, with increased broking activities. The HWC segment also saw increased project and core administration work.
• International: The International region, particularly within the HWC segment, experienced double-digit growth, driven by strong demand for Health services.

Future Outlook

The company anticipates continued growth in its core segments, with a focus on leveraging technology and data analytics to enhance service delivery. The ongoing economic uncertainties and geopolitical tensions are expected to influence market conditions, but the company remains optimistic about its strategic initiatives to drive growth.

SEC Filing: WILLIS TOWERS WATSON PLC [ WTW ] - 10-Q - Aug. 01, 2025