The market expects Willis Towers Watson (WTW - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on October 29, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis advisory, broking and solutions company is expected to post quarterly earnings of $3.60 per share in its upcoming report, which represents a year-over-year change of +17.3%.
Revenues are expected to be $2.48 billion, up 8.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Willis Towers Watson?For Willis Towers Watson, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.52%.
On the other hand, the stock currently carries a Zacks Rank of #4.
So, this combination makes it difficult to conclusively predict that Willis Towers Watson will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Willis Towers Watson would post earnings of $3.13 per share when it actually produced earnings of $3.35, delivering a surprise of +7.03%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Willis Towers Watson doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
LONDON, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the launch of its new global Defense and Security initiative. The coordinated, sector-led platform connects capabilities across Willis’ specialties and geographies to help defense and security organizations understand interconnected risks, strengthen resilience and make better-informed decisions. The initiative is led at Willis by Jennifer Caldarella.
The scale of the defense and security sector, and the risks that come with it, are growing fast. The world's 100 largest arms-producing and military services companies generated a record US$679 billion in arms revenues in 20241. Yet pressure on the industrial base that supports them remains significant. In the US, defense industrial security oversight recorded 815 security violations during the 2025 financial year and 1,032 unresolved security vulnerabilities at cleared contractor facilities since September 20252.
Defense and security organizations are operating at the center of profound geopolitical, technological and economic change. Global military expenditure reached nearly US$2.9 trillion in 20253 and could approach US$4.7-6.6 trillion by 20354. But capital alone does not create capability, says Willis. Major US defense acquisition programs already take more than 12 years on average to deliver initial capability5, widening the gap between investment and operational readiness. Closing it requires organizations to manage cyber, operational, supply chain, regulatory and contracting requirements, constrained insurance capacity and resilience risks that can delay or undermine delivery.
The sector is also changing. Drones, autonomous maritime technology, AI-enabled warfare systems and advanced digital capabilities are transforming how organizations operate, assess risk and deliver mission-critical outcomes. At the same time, a new generation of technology-led companies is entering the market, bringing innovative business models and new risk dimensions.
As organizations invest in AI-enabled systems, autonomy, advanced digital capabilities and resilient infrastructure, they face liability, cyber, resilience, operational assurance and regulatory oversight challenges that traditional risk management approaches were not designed to address. This is driving demand for specialized risk advice, insurance solutions and resilience capabilities tailored to fast-moving, interconnected exposures.
Willis is responding through a coordinated defense and security sector focus, giving clients access to integrated expertise across risk transfer, risk advisory and analytics, cyber and data security, crisis management, claims, risk engineering, operational resilience, workforce risk, and capital and transaction advisory. By connecting specialists across its global business in 140 countries, Willis helps organizations better understand risk across operations, assets, supply chains and strategic investments.
Alastair Swift, Head of Global Specialties at Willis, said: "The defense and security sector plays an increasingly important role in national resilience, economic stability and technological innovation. Organizations are making critical decisions against a backdrop of geopolitical uncertainty, rapid change and evolving regulation. Our Defense and Security initiative is a long-term commitment to the sector. It brings together the breadth of Willis' expertise and global market access to meet clients’ priorities, challenges and ambitions, helping them better understand, quantify and mitigate their risks and secure the most appropriate insurance and capital solutions available."
Jennifer Caldarella, Global Defense Lead at Willis, said: "The defense and security sector is entering one of the most significant investment cycles in its history. But investment alone does not create capability. Organizations must navigate technology transformation, cyber risk, operational resilience, regulatory complexity and long delivery timelines to realize the full value of those investments. The challenge is not only where to invest, but how to manage the risks that can delay progress or undermine outcomes. Our role is to help clients understand those risks and build the resilience needed to deliver on their strategic objectives, both today and in the years ahead."
Find out more here.
Sources
SIPRI, The SIPRI Top 100 Arms-Producing and Military Services Companies, 2024GAO, Industrial Security (GAO-26-107861)SIPRI, Trends in World Military Expenditure, 2025United Nations, The True Cost of PeaceGAO, Weapons Systems Annual Assessment 2026
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at www.wtwco.com
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) is expected to release its Q3 2026 results before the market opens on Thursday, October 29th. Analysts expect Willis Towers Watson Public to announce earnings of $3.59 per share and revenue of $2.45 billion for the quarter. Individuals can check the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, October 29, 2026 at 9:00 AM ET.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $3.12 by $0.23. The company had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. Willis Towers Watson Public’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.86 EPS. On average, analysts expect Willis Towers Watson Public to post $19.80 EPS for the current fiscal year and $22.66 EPS for the next fiscal year.
Willis Towers Watson Public Trading Down 0.3% Shares of Willis Towers Watson Public stock opened at $317.62 on Thursday. Willis Towers Watson Public has a fifty-two week low of $240.61 and a fifty-two week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $29.50 billion, a P/E ratio of 19.53, a P/E/G ratio of 0.92 and a beta of 0.46. The company has a fifty day moving average of $316.25 and a 200 day moving average of $293.34.
Willis Towers Watson Public Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.62%. Analyst Ratings Changes A number of equities analysts have recently weighed in on WTW shares. Citigroup reaffirmed a “neutral” rating and issued a $345.00 price objective (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday, August 3rd. Weiss Ratings cut Willis Towers Watson Public from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. Cantor Fitzgerald lifted their target price on Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. UBS Group decreased their target price on Willis Towers Watson Public from $405.00 to $398.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Finally, TD Cowen boosted their price target on Willis Towers Watson Public from $391.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Ten analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Willis Towers Watson Public has a consensus rating of “Moderate Buy” and an average target price of $364.40.
Check Out Our Latest Stock Report on Willis Towers Watson Public
Willis Towers Watson Public Company Profile (Get Free Report)
Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.
The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.
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Louisbourg Investments Inc. lowered its stake in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 14.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 21,429 shares of the company’s stock after selling 3,562 shares during the period. Louisbourg Investments Inc.’s holdings in Willis Towers Watson Public were worth $6,176,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of WTW. Dimensional Fund Advisors LP grew its holdings in Willis Towers Watson Public by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,000,558 shares of the company’s stock worth $290,856,000 after acquiring an additional 11,851 shares during the period. Janus Henderson Group PLC raised its position in Willis Towers Watson Public by 1.0% during the first quarter. Janus Henderson Group PLC now owns 903,762 shares of the company’s stock valued at $262,723,000 after acquiring an additional 9,232 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Willis Towers Watson Public by 6.5% in the first quarter. Bank of New York Mellon Corp now owns 505,357 shares of the company’s stock valued at $146,907,000 after acquiring an additional 30,887 shares during the period. Amundi lifted its holdings in Willis Towers Watson Public by 14.1% in the first quarter. Amundi now owns 365,952 shares of the company’s stock valued at $106,382,000 after acquiring an additional 45,235 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Willis Towers Watson Public by 183.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 316,158 shares of the company’s stock valued at $91,907,000 after acquiring an additional 204,722 shares during the period. Institutional investors and hedge funds own 93.09% of the company’s stock.
Wall Street Analysts Forecast Growth Several research firms have commented on WTW. Truist Financial upped their price objective on Willis Towers Watson Public from $320.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings cut shares of Willis Towers Watson Public from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. TD Cowen lifted their target price on shares of Willis Towers Watson Public from $391.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Barclays boosted their target price on shares of Willis Towers Watson Public from $303.00 to $332.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 7th. Finally, Cantor Fitzgerald boosted their target price on shares of Willis Towers Watson Public from $344.00 to $380.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Willis Towers Watson Public currently has an average rating of “Moderate Buy” and an average target price of $364.40.
Get Our Latest Research Report on Willis Towers Watson Public Willis Towers Watson Public Trading Up 1.4% Shares of WTW stock opened at $318.72 on Wednesday. Willis Towers Watson Public Limited Company has a fifty-two week low of $240.61 and a fifty-two week high of $351.51. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s fifty day moving average is $316.70 and its two-hundred day moving average is $293.13. The firm has a market capitalization of $29.60 billion, a P/E ratio of 17.22, a PEG ratio of 0.91 and a beta of 0.46.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.12 by $0.23. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a net margin of 15.49% and a return on equity of 22.19%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.86 earnings per share. Research analysts expect that Willis Towers Watson Public Limited Company will post 19.80 earnings per share for the current fiscal year.
Willis Towers Watson Public Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, September 30th. This represents a $3.84 dividend on an annualized basis and a yield of 1.2%. Willis Towers Watson Public’s payout ratio is presently 23.62%.
(Free Report)
Willis Towers Watson Public Limited Company (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and improve performance. Its clients include corporations, governments, institutions and individuals across a range of industries and markets.
The company’s services include insurance brokerage and risk management, reinsurance, employee benefits consulting, retirement and investment advisory, and human capital and organizational consulting.
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LONDON, Oct. 21, 2026 (GLOBE NEWSWIRE) -- Seven in ten organisations (70%) now formally integrate cyber risk into their board-level enterprise risk framework, while 65% of boards receive cybersecurity and threat landscape updates at least quarterly, according to the latest Directors’ & Officers’ Liability Insurance Survey 2026: Cyber in Focus from Willis, a WTW business (NASDAQ: WTW). With cyber attacks and data loss remaining among directors’ and officers’ leading concerns, the findings show cyber risk is firmly established as a board-level business issue, driving greater board and CEO engagement in cyber governance.
This year, respondents were asked for the first time how regularly they quantify potential financial losses from a cyber incident. Sixty per cent said they do so either annually (19%) or on an ongoing basis (41%). However, only 55% feel well informed about the cyber risks facing their organisation, and just 46% believe their board is well informed about how effectively cybersecurity spending reduces risk exposure.
Other key findings include:
Cyber insurance: Almost half of respondents (48%) have cyber insurance in place, with a further 19% planning to buy it in the next two years. Of those with cyber insurance, 71% purchase standalone cover, while 29% have cover through a general or combined insurance policy. Forty-eight per cent include the cyber insurance premium within their cybersecurity budget, while 52% allocate a separate budget.Cyber exposure: Phishing and social engineering (48%) and ransomware (38%) remain the top two global concerns. Third-party software vulnerabilities (31%) and AI misuse (31%) now rank among the top five global concerns, reflecting the changing risk and claims environment.Preparedness: 62% of respondents completed a cyber incident response testing exercise in the previous 12 months. 63% feel well prepared to manage a cyber incident effectively, and 78% have a cyber incident response plan in place. The findings point to a shift from prevention-only thinking towards resilience, with organisations prioritising their ability to respond, recover and minimise business disruption. Glyn Thoms, global FINEX cyber strategy leader at Willis, said: “Cyber risk is now a core business risk, demanding greater board oversight and accountability. Leaders should regularly test their organisation’s preparedness and recovery capabilities to reduce operational disruption and improve their ability to respond and recover when an incident occurs.”
“Our survey points to a shift in how cyber insurance is viewed. No longer simply a risk transfer solution, it is increasingly recognised as an enabler of resilience. Its inclusion within cybersecurity budgets reflects its importance as a governance driver and a mechanism for financial protection, as well as the access it provides to incident response specialists. To maximise these benefits, policies should be reviewed regularly as cyber risks continue to evolve.”
The full report is available here.
About the survey:
The survey provides a global view of risk perceptions among directors, officers and risk managers. Privately held, for-profit companies account for the largest share of respondents (53%), followed by listed, for-profit companies (25%). By revenue, 36% of participating companies have revenues of up to $50 million, 35% have revenues of between $50 million and $1 billion, 15% between $1 billion and $5 billion, and 14% more than $5 billion. Services account for the largest proportion of respondents (30%), followed by industrial companies (18%) and finance and insurance companies (18%).
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) and American Coastal Insurance (NASDAQ:ACIC – Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their institutional ownership, earnings, risk, profitability, analyst recommendations, valuation and dividends.
Profitability This table compares Willis Towers Watson Public and American Coastal Insurance’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Willis Towers Watson Public 15.49% 22.19% 6.00% American Coastal Insurance 30.31% 27.95% 8.20% Risk and Volatility Willis Towers Watson Public has a beta of 0.46, meaning that its share price is 54% less volatile than the S&P 500. Comparatively, American Coastal Insurance has a beta of -0.51, meaning that its share price is 151% less volatile than the S&P 500.
Valuation and Earnings This table compares Willis Towers Watson Public and American Coastal Insurance”s revenue, earnings per share and valuation. Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Willis Towers Watson Public $9.71 billion 3.02 $1.60 billion $16.26 19.40 American Coastal Insurance $330.16 million 1.59 $106.84 million $2.01 5.52 Willis Towers Watson Public has higher revenue and earnings than American Coastal Insurance. American Coastal Insurance is trading at a lower price-to-earnings ratio than Willis Towers Watson Public, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership 93.1% of Willis Towers Watson Public shares are owned by institutional investors. Comparatively, 22.1% of American Coastal Insurance shares are owned by institutional investors. 0.4% of Willis Towers Watson Public shares are owned by insiders. Comparatively, 49.2% of American Coastal Insurance shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Dividends Willis Towers Watson Public pays an annual dividend of $3.84 per share and has a dividend yield of 1.2%. American Coastal Insurance pays an annual dividend of $0.50 per share and has a dividend yield of 4.5%. Willis Towers Watson Public pays out 23.6% of its earnings in the form of a dividend. American Coastal Insurance pays out 24.9% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Willis Towers Watson Public has raised its dividend for 8 consecutive years.
Analyst Ratings This is a breakdown of recent ratings and recommmendations for Willis Towers Watson Public and American Coastal Insurance, as provided by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Willis Towers Watson Public 0 6 10 0 2.62 American Coastal Insurance 0 2 1 1 2.75 Willis Towers Watson Public currently has a consensus price target of $364.40, suggesting a potential upside of 15.50%. American Coastal Insurance has a consensus price target of $13.00, suggesting a potential upside of 17.12%. Given American Coastal Insurance’s stronger consensus rating and higher possible upside, analysts clearly believe American Coastal Insurance is more favorable than Willis Towers Watson Public.
Summary Willis Towers Watson Public beats American Coastal Insurance on 10 of the 18 factors compared between the two stocks.
(Get Free Report)
Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services. It also provides advice, data, software, and products to address clients' total rewards and talent issues; and risk advice, insurance brokerage, and consulting services in the areas of property and casualty, affinity, risk and analytics, aerospace, construction, global markets direct & facultative, financial, executive and professional risks, financial solutions, crisis management, surety, marine, and natural resources. In addition, the company offers integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services; and software and technology, risk and capital management, products and product pricing, financial and regulatory reporting, financial and capital modeling, M&A, outsourcing, and business management services. The company was formerly known as Willis Group Holdings Public Limited Company and changed its name to Willis Towers Watson Public Limited Company in January 2016. Willis Towers Watson Public Limited Company was founded in 1828 and is based in London, the United Kingdom.
About American Coastal Insurance (Get Free Report)
American Coastal Insurance Corporation operates as a property and casualty insurance holding company that sources, writes, and services residential personal and commercial property, and casualty insurance policies in the United States. The company offers structure, content, and liability coverage for standard single-family homeowners, renters, and condominium unit owners. It also provides commercial multi-peril property insurance for residential condominium associations and apartments, as well as loss or damage to buildings, inventory, and equipment caused by fire, wind, hail, water, theft, and vandalism. In addition, the company offers equipment breakdown, identity theft, cyber security, and flood policies. The company markets and distributes its products through a network of independent agencies. The company was formerly known as United Insurance Holdings Corp. and changed its name to American Coastal Insurance Corporation in August 2023. American Coastal Insurance Corporation was founded in 1999 and is headquartered in Saint Petersburg, Florida.
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Key Takeaways WTW's Q2 organic growth reached 7% in R&B, 4% in HWC and 6% in Insurance Consulting and Technology. Propel AI targets $400 million in annualized savings by 2028, aiding WTW's goal of a 30% operating margin. First-half free cash flow rose 66% to $360 million, while WTW plans $1 billion in share repurchases. Willis Towers Watson Public Limited Company (WTW - Free Report) shares are trading at a discount compared with the Zacks Insurance – Brokerage industry. Its forward price-to-earnings multiple of 13.47X is lower than the industry average of 14.28X, the Finance sector’s 16.03X and the Zacks S&P 500 composite’s 19.81X.
The insurer has a market capitalization of $27.59 billion. The average volume of shares traded in the last three months was 0.5 million. The insurer’s earnings have a solid track record of beating estimates in each of the last four quarters, with an average of 3.88%.
Image Source: Zacks Investment Research
Shares of other insurers like Arthur J. Gallagher & Co. (AJG - Free Report) are trading at a multiple higher than the industry average, while Brown & Brown, Inc. (BRO - Free Report) and Aon plc. (AON - Free Report) are trading at a discount.
WTW Price PerformanceWillis Towers Watson shares have lost 9.4% over the past year compared with the industry’s 19.1% decline.
Image Source: Zacks Investment Research
WTW’s Growth Projection EncouragesThe Zacks Consensus Estimate for Willis Towers Watson's 2026 earnings per share indicates a year-over-year increase of 15.9%. The consensus estimate for 2026 revenues is $10.51 billion, implying an 8.2% year-over-year improvement.
The consensus estimate for 2027 earnings per share and revenues indicates an increase of 14.4% and 4.9%, respectively, from the corresponding 2026 estimates.
Expected long-term earnings growth is pegged at 17.5%, above the industry average of 14.3%.
Optimistic Analyst Sentiment on WTWTwo of the 11 analysts covering the stock have raised estimates for 2026 and 2027 over the past 60 days. Thus, the Zacks Consensus Estimate for 2026 and 2027 moved 0.1% and 0.4% north, respectively, in the last 60 days.
Image Source: Zacks Investment Research
WTW’s Favorable Return on CapitalWillis Towers Watson’s return on equity (ROE) of 22.2% for the trailing 12 months compared favorably with the industry’s 19.1%, reflecting the company’s efficiency in utilizing shareholders’ funds. This insurer targets mid-teens ROE over the long term.
Average Target Price for WTW Suggests UpsideBased on short-term price targets offered by 20 analysts, the Zacks average price target is $373.35 per share. The average suggests a potential 25.7% upside from the last closing price.
Factors Impacting WTWWillis Towers Watson Public is positioned for sustainable growth, driven by its diversified business mix, strong Health consulting demand, specialized risk expertise and technology-led productivity gains. In the second quarter of 2026, Health, Wealth & Career (HWC) grew 4% organically, Risk & Broking (R&B) increased 7%, and Insurance Consulting and Technology advanced 6%, highlighting broad-based business momentum.
Health remains a key growth engine, delivering 8% organic growth in the quarter as rising healthcare costs and benefits complexity drove demand. Meanwhile, WTW’s specialization strategy supported 7% growth in CRB despite softer insurance pricing, demonstrating its ability to win business through expertise rather than market-rate increases alone. Acquisitions, including FlowStone Partners, Newfront and Cushon, further expand its wealth management, brokerage and retirement capabilities.
Profitability offers additional upside. Second-quarter operating margins expanded 100 basis points to 22.2% in R&B and 30 basis points to 24.1% in HWC. WTW’s Propel AI program targets approximately $400 million in annualized savings by 2028, with about $350 million expected to remain after reinvestment. Management is targeting an adjusted operating margin of approximately 30% in 2028.
Strong cash generation reinforces the investment case, with first-half 2026 free cash flow rising 66% year over year to $360 million. Planned technology investments and at least $1 billion in share repurchases reflect WTW’s focus on productivity and shareholder returns.
End NotesOverall, WTW’s investment thesis rests on resilient organic growth, market-share gains and operating-margin expansion. A robust capital position over the years reflects its financial flexibility.
Key risks include softer insurance pricing, acquisition integration and execution of its AI-driven cost-saving initiatives.
Its solid growth projections as well as attractive valuations are other positives. Optimistic analyst sentiment and favorable ROE should continue to benefit Willis Towers over the long term. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Financial pressure is increasingly shaping health decisions, retirement confidence and workforce performance | Source: Willis Towers Watson US LLC
NEW YORK, Oct. 15, 2026 (GLOBE NEWSWIRE) -- U.S. employees say they are in better physical health, handle stress better and feel less isolated than they did before the pandemic in 2019. Their sense of financial security has gone the opposite direction, according to the 2026 Global Benefits Attitudes Survey (GBAS) from WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.
Since 2019, the share of U.S. employees who report they are physically thriving has risen from 54% to 64%. Those who report they are emotionally balanced rose from 46% to 50%, and those who are socially connected from 41% to 43%. Financial security fell from 46% to 36%, its lowest level in seven years.
The findings point to a new challenge: ensuring that investment is directed toward the support employees need most.
Employers have expanded benefits choice since 2019, and employees understand their benefits better than they did. Financial pressure is now shaping whether employees seek care, how confident they feel about retirement and how well they perform at work. For employers, the response lies in program design: making coverage affordable and building resilience for employees under financial strain.
“What stands out is how opposite financial security moved to everything else,” said Courtney Stubblefield, Strategy & Specialty Leader, Health & Benefits, WTW. “Employees report being healthier, steadier and less isolated than they were in 2019. Money is the one place that progress did not follow, and it is the area employees now tell us they need the most help with. A competitive benefits program can no longer simply offer more; it must create greater security where employees feel the most pressure.”
Mid-career employees are carrying the greatest financial strain.
Employees who feel least financially secure are not those just beginning their careers or nearing retirement. They are in their 40s. Among U.S. employees:
30% of those in their 40s are financially secure, against 50% of those 60 and older41% of people in their 40s delayed or skipped doctor visits last year due to money worries, the highest among ages and almost double the 21% of employees 60 and older70% of those in their 40s and 50s expect a worse retirement than their parents had, against 54% of those 60 and older
Financial strain is reshaping workforce outcomes.
Cost now shapes whether employees get care at all. Across all ages, nearly a third of U.S. employees put off or skipped a medical or dental appointment in the past year for that reason.
Financial strain does not remain outside the workplace; it shows up in employee health, lost productive time and retirement preparedness. U.S. employees under high financial distress are burned out at more than twice the rate of those under low stress: 46% versus 21%. They also lose 23.6 days to absence and presenteeism, against 11.7 days lost by their peers reporting low financial distress. Nearly half (48%) are off track on their retirement savings, compared to 10% of the low-distress group, and 17% hold a second job compared to 5%.
“Employees should not have to choose between getting care today and being secure tomorrow, yet many are making that tradeoff,” Stubblefield said. “Financial wellbeing is not a standalone program off to the side. Benefits must be designed to reduce the toll financial distress takes on absence, health outcomes and retirement readiness.”
Core benefits matter most as costs rise
Asked what their employer should improve, U.S. employees rank improving core benefits first, ahead of choice, cost information, digital access and education. Asked which benefits matter most to them, they name healthcare, retirement, paid leave, mental health support, and disability and income protection.
Employers have made significant progress in helping employees understand and navigate their benefits. Since 2019, the share of U.S. employees with significant benefits choice has risen from 54% to 71%, while three in four rate their employer’s benefits communication as effective, and the same share can reach all their benefits on a single website. These gains reflect substantial employer investment in the benefits experience. As costs continue to rise, the challenge for employers is finding creative ways to maximize the value of those investments while strengthening the core programs employees rely on most during key life events such as a diagnosis, a new child, or approaching retirement.
Retirement confidence is shaped by today’s finances.
Roughly two in three U.S. employees (65%) expect to be worse off in retirement than their parents’ generation, and 47% say healthcare costs are a barrier to saving for it. And the current economic environment is having an effect, as 57% of older employees report rising cost of living being their top concern heading into retirement.
“Retirement confidence is being influenced by what is happening in employees’ finances right now as they know they are increasingly responsible to manage their financial security in retirement,” said Beth Ashmore, Managing Director, Retirement, WTW. “Employees are open to support from their employers, both for help around how to save for retirement, but also as they are making their plans for retirement. Employers today need to leverage the value of their investment in retirement plans by focusing on support their plans can provide employees transitioning to retirement.”
The complete findings are available in the WTW 2026 Global Benefits Attitudes Survey flagship report.
About the survey
The WTW Global Benefits Attitudes Survey has been conducted every two years since 2013. The 2026 wave is based on responses from 41,000 employees across 31 markets, including 6,000 in the United States. U.S. figures are based on full-time employees. Fieldwork was conducted between February and May 2026, and results are weighted to be representative of each market.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success, and provide perspective that moves you. Learn more at wtwco.com.
NEW YORK, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Artificial Intelligence (AI), including the use of agentic tools, has become the top strategic priority for global asset owners, cited by 67% of participants disclosing data for this measure in a new study from leading global advisory, broking and solutions company WTW’s (NASDAQ: WTW) Thinking Ahead Institute in partnership with MSCI Institute. It ranks ahead of factors such as adapting to a higher inflationary environment at 44%, managing liquidity pressures at 33% and responding to the growing role of private markets at 28%.
The Global Asset Owner Technology Peer Study 2026 draws on research with 20 global asset owners responsible for more than US$5 trillion in combined assets. The study suggests that the strategic debate around AI is largely settled, with all funds agreeing on the importance of its role in the future.
Participants expect technology’s contribution to investment outcomes to increase from approximately 17% today to 30% over the next three to five years. However, the research reveals a widening gap between the industry’s ambitions for AI and its current capabilities, governance and data readiness.
AI, data platforms and analytics are moving from support functions into the core of investment research, portfolio monitoring and decision-making. While participants expect AI to become deeply embedded in investment workflows, they also acknowledge that their existing skills, systems and operating models are not yet equipped for the shift. The study concludes that human judgment, interpretation and accountability will remain essential, but the way investment work is organized will change significantly.
Governance is also struggling to keep pace. Only 25% of participating asset owners have made AI a standing board or investment committee agenda item, while 60% review it only occasionally. The research suggests that governance will need to move beyond periodic oversight toward clear strategic ownership and accountability.
Data remains the most significant practical barrier. Three-quarters of participants cite data quality and standardization as a leading constraint on AI adoption. Legacy systems, organizational silos and spreadsheet-based processes are already placing pressure on resources, while the growing use of AI is increasing the need for reliable, trusted and accessible data. The study finds that few asset owners possess the scale, expertise and transformation capacity to address this independently. External providers may help asset owners address some of these challenges, although greater reliance on a small number of platforms and tools could also increase convergence risk across the industry.
For asset owners grappling with this rapid pace of change, the research identifies four core areas that should be prioritized:
Leadership and governance: Give boards and executive teams clear ownership of AI strategy, risk and accountability.Skills and talent: Build organization-wide understanding of AI’s strengths, limitations and risks, and develop people who can bridge investment expertise and technology.Operating model: Redesign workflows so AI supports investment decision-making while preserving human judgment and accountability.Costs: Prepare for AI to become a significant and ongoing investment, supported by clear measures of value. Roger Urwin, co-founder of the Thinking Ahead Institute, said:
“Asset owners are still at an early stage of the AI adoption curve but there is no question about the increasingly important role AI will play in the future. Technology’s influence on asset owner outcomes is set to increase substantially, but this is not simply about installing more tools. AI is changing how investment organizations structure work, make decisions and govern risk.
AI is becoming an organizational story rather than a technology story. The opportunity is immense, but so is the challenge. Asset owners are trying to shape their AI future at the very moment AI is reshaping theirs.”
Linda-Eling Lee, founding director and head of the MSCI Institute, said:
“AI gives asset owners an opportunity to rethink not just how they use technology but the investment process itself. Data will be central to that transition, but so will human judgment, governance and the ability to connect investment and technology teams. The opportunity lies in bringing these elements together to support better investment decisions and stronger long-term outcomes.”
About the Thinking Ahead Institute at WTW
The Thinking Ahead Institute is a global not-for-profit investment research and innovation network dedicated to helping investors navigate the future. Bringing together leading asset owners, asset managers, wealth providers and strategic partners, the Institute drives innovation through collaborative research and practical solutions. Since its founding in 2015, the Institute has convened more than 150 organizations to collaboratively design fit-for-purpose investment strategies, improve organizational effectiveness, and strengthen stakeholder trust. Learn more about how the Thinking Ahead Institute can support your organization at https://www.thinkingaheadinstitute.org/.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Willis Towers Watson's AI-powered insurance tools and automation initiatives could fuel growth, unlock $400 million in annualized savings and lift margins by 2028.
New job matching capability helps compensation teams adapt as AI reshapes jobs and skills. | Source: Willis Towers Watson US LLC
NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, has introduced AI-powered job matching capability to Rewards AI, helping compensation teams keep pace with evolving jobs and skills through faster, more consistent job matching.
Using Rewards AI for Job Matching, compensation professionals can enter a job title or describe a role in everyday language and receive recommended job disciplines, career bands and career levels based on WTW job content and survey methodology. The job-matching capability explains the rationale behind each recommendation, allowing users to review the options and make the final decision.
Job matching determines which market role and level should be used to benchmark an organization’s jobs for pay purposes. As AI changes tasks and introduces new skills into existing roles, accurately aligning jobs to market data becomes more complex.
The capability extends AI-powered job matching across WTW's rewards technology ecosystem.
Sambhav Rakyan, Global Rewards Data Intelligence Leader, WTW, said: "A job title may stay the same even when the work is changing. A software engineer role, for example, may now include responsibilities related to generative AI, agentic systems or workflow automation that did not exist a few years ago. That can change how the role should be understood, leveled and benchmarked.
“As roles evolve, compensation teams need more than a list of possible matches. They need to understand why a match fits and apply a consistent methodology, while retaining the professional judgment required to make the final decision.”
Unlike general-purpose AI tools, Rewards AI is designed specifically for compensation and HR decisions. It draws on WTW’s proprietary job content, rewards data and methodology, providing transparent, traceable context for the role being assessed.
"Organizations have more workforce data than ever before, but the challenge is turning that information into better decisions," Rakyan added. "By combining trusted rewards data, proven methodology and AI-driven conversational experiences, we're helping compensation teams spend less time searching for answers and more time taking action."
Rewards AI for Job Matching puts WTW’s broader AI Workforce Transformation perspective into practice: as AI changes work, organizations need trusted intelligence to understand how roles and skills are evolving, alongside human judgment to make informed workforce and rewards decisions. It complements WTW’s wider capabilities in work redesign, change acceleration and total rewards, helping organizations translate AI-driven change into stronger workforce decisions and performance.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success, and provide perspective that moves you.
Key Takeaways WTW's organic revenues grew 5% in the second quarter, with Risk & Broking leading at 7% growth. Specialization, client retention and technology solutions are helping WTW offset declining insurance rates. HWC grew 4%, while delayed activity boosted R&B, making sustained 5% growth more challenging. Willis Towers Watson Public Limited Company (WTW - Free Report) appears capable of sustaining more than 5% organic growth, but maintaining that pace will depend heavily on Risk & Broking and the company’s ability to offset softer insurance pricing.
WTW’s organic growth remains a key strength, with organic revenue growth reaching 5% in the second quarter of 2026, supported by solid momentum across both major businesses. The biggest support is WTW’s specialization strategy. Although insurance rates continued to decline across most lines, WTW said its specialty offerings are helping it grow through the cycle.
Risk & Broking led the performance with 7% organic growth, driven by new business, strong client retention and double-digit growth across most specialty businesses, while Health, Wealth & Career delivered 4% growth, led by an 8% increase in Health. Insurance Consulting & Technology also grew 6%, helped by software sales and new business wins.
The sustainability of this growth will depend on whether WTW can continue gaining business despite declining insurance rates across most lines. Its specialization strategy, broad specialty offerings, client retention and technology-based solutions provide important offsets to softer pricing. Management continues to expect mid-single-digit organic growth in Risk & Broking and HWC for 2026, suggesting that 5% growth is achievable, although maintaining this pace will require continued new-business wins and strong execution.
However, sustaining 5%+ growth could become more challenging. HWC grew only 4% organically in the second quarter, with Career flat, while R&B's acceleration partly reflected activity that had been delayed earlier in the year. WTW itself continues to guide for mid-single-digit organic growth in both major segments for 2026, suggesting that 5% is achievable but not necessarily a new baseline above that level.
What About Its Peers?Brown & Brown, Inc. (BRO - Free Report) experienced a moderation in organic growth in the second quarter of 2026, reflecting a softer insurance pricing environment and weakness in its Specialty Distribution business. Organic revenues declined 0.7% year over year, while organic revenues, including contingent commissions, increased 0.7%. Despite the near-term pressure, BRO expects organic growth to improve in the second half of 2026, with management targeting 1.5-2.5% growth in Retail and 2-4% in Specialty Distribution, excluding contingents.
Arthur J. Gallagher & Co. (AJG - Free Report) appears well positioned to sustain around 6% organic growth and continue expanding underlying margins even as insurance pricing moderates. AJG witnessed another solid quarter of organic growth across each business and geography. The bigger drivers of Organic growth remain new business, strong client retention, exposure growth and the diversity of the model across P/C, benefits, reinsurance and claims. AJG is also gaining from activity across construction, infrastructure, energy and data centers. AJG projects a total company organic outlook of 6%, brokerage at 5.5% and risk management at 9% for 2026. AJG expects 2026 will be another year of excellent organic growth.
WTW’s Price PerformanceShares of WTW have lost 13.9% in the past year compared with the industry’s decline of 24.7%.
Image Source: Zacks Investment Research
WTW’s UndervaluationThe stock is undervalued compared with its industry. It is currently trading at a price-to-earnings multiple of 13.2, lower than the industry average of 14.07.
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Estimate Movement for WTWThe Zacks Consensus Estimate for WTW’s third-quarter 2026 and fourth-quarter 2026 EPS has moved down 0.9% and 0.2%, respectively, in the past 30 days. The same for full-year 2026 and 2027 EPS has moved down 0.1% and 0.08%, respectively, in the past 30 days.
Surge in mega transactions fuels rise in deal value as market divergence deepens in the third quarter of 2026 | Source: Willis Towers Watson US LLC
NEW YORK, Oct. 08, 2026 (GLOBE NEWSWIRE) -- M&A deal value increased 23.9% in the first nine months of the year, rising from US$1.33 billion to US$1.65 billion compared with the same period in 2025, according to completed deals data from leading global advisory, broking and solutions company, WTW’s (NASDAQ: WTW) Quarterly Deal Performance Monitor (QDPM) 1.
Mega deals valued at over US$10 billion delivered their strongest nine-month start to a year, with 24 completed transactions surpassing the highs of the previous boom. According to WTW data produced in partnership with the M&A Research Centre at Bayes Business School, this also represents the largest nine-month rolling period on record. Momentum accelerated in the most recent quarter, with nine mega deals completed, up sharply from three in the previous quarter.
Reported year-to-date deal volume rose to 614, up from 529 transactions completed during the same period in 2025, representing a 16.1% increase. However, the number of large transactions (valued between US$1 billion and US$10 billion) softened in the third quarter of 2026, declining to 45, from 48 in the previous quarter. Overall deal volume also eased slightly at 200 transactions, compared with 202 during the same period.
The M&A data also indicates that dealmakers are accelerating transaction timelines, with quick deals (completed within 70 days of announcement) accounting for 43% of third-quarter transactions, up from 35% in the previous quarter. Over the same period, complex cross-sector deals, often pursued to support rapid inorganic growth or embed new technologies, rose to 35% of transactions, compared with 25% in the previous three months.
David Dean, Senior Managing Director, M&A Consulting, WTW, said: “Large-scale transactions are continuing to transform the global M&A landscape, with companies acting decisively to expand their scale, address capability gaps and gain access to critical technologies in an increasingly competitive market.
“The faster pace of dealmaking reflects an M&A environment being reshaped by AI-driven transformation, geopolitical tensions and macroeconomic uncertainty. But moving quickly cannot mean compromising thorough due diligence. Companies that put speed ahead of discipline may weaken long-term value creation and face greater challenges after a deal closes.”
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1 The M&A research tracks the number of completed deals over $100m and the share price performance of the acquiring company against the MSCI World Index, which is used as default, unless stated otherwise.
Of the 200 deals completed during the most recent quarter, 121 transactions, representing 60.5%, underperformed the index, while 79 acquirers, or 39.5%, outperformed.
Based on share price performance, global dealmakers underperformed companies not engaged in M&A for the second consecutive quarter. Deals valued above US$100 million and completed during the past three months underperformed the index by 10.3pp (percentage points).
Regional performance remained under pressure in the third quarter of 2026, with acquirers in North America, Europe and Asia-Pacific all underperforming their respective regional indices. North American dealmakers underperformed by 13.8pp, completing 109 deals during the quarter, up from 103 in the previous three-month period.
European acquirers underperformed their regional index by 5.0pp in the third quarter of 2026, completing 37 deals. This marks the fourth consecutive quarterly decline in European deal volume since 47 transactions were completed in the third quarter of 2025. By contrast, UK buyers bucked the broader regional trend, delivering a strong outperformance.
Asia-Pacific acquirers underperformed their regional index by 18.7 percentage points in the third quarter of 2026, completing 43 deals compared with 51 in the previous three-month period. Chinese buyers, however, recorded a notable increase in activity, completing 21 deals, up from seven in the second quarter of 2026.
“Corporate acquirers have demonstrated considerable resilience as market pressures persist. Despite higher interest rates, elevated energy costs and uncertainty surrounding the November U.S. midterm elections, dealmakers are likely to continue pursuing transactions that advance their strategic objectives, particularly at the larger end of the market.
“As organizations increasingly use M&A to build scale, integration planning must begin during due diligence. Addressing it early will be essential to realizing value from complex transactions and supporting sustainable growth over the long term,” said Dean.
WTW QDPM Methodology
All analysis is conducted from the perspective of the acquirer.Share-price performance within the quarterly study is measured as a percentage change in share price from six months prior to the announcement date to the end of the quarter.All deals where the acquirer owned less than 50% of the shares of the target after the acquisition were removed, hence no minority purchases have been considered. All deals where the acquirer held more than 50% of target shares prior to the acquisition have been removed, hence no remaining purchases have been considered.Only completed M&A deals with a value of at least $100 million which meet the study criteria are included in this research.Deal data sourced from LSEG. About WTW M&A
WTW’s M&A practice combines our expertise in risk and human capital to offer a full range of M&A services and solutions covering all stages of the M&A process. We have particular expertise in the areas of planning, due diligence, risk transfer and post transaction integration, areas that define the success of any transaction.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.
Employees recognize the need to reskill, but managers need stronger tools and organizational support to help people keep pace | Source: Willis Towers Watson US LLC
NEW YORK, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Employers face a growing workforce risk as employees struggle to understand which skills they need and how to develop them quickly enough to keep pace with changing work, according to WTW’s latest EX Intelligent report.
The proportion of employees who say their manager helps develop their abilities has shifted from 84% to 78% over the past four years, highlighting the need to give managers more support for development conversations. At the same time, only about 30% of organizations have established processes for identifying, assessing and tracking workforce skills.
This mismatch risks creating “capability anxiety”: uncertainty among employees about whether their skills will remain relevant, what capabilities will matter most and where they should focus their development.
Employees understand that work is changing. 45% say AI is already important to their daily job and another 22% say it will fundamentally change their work in the future. The pressure point is not change itself, but rather the uncertainty of whether they can keep up, what skills matter most and where to focus next.
Jill Havely, Global Employee Experience Leader at WTW, said: “Employees recognize that work is evolving, but many lack clarity on what skills matter most and how to prepare for what comes next. Without that visibility, uncertainty can become a barrier to confidence and growth.”
“To address this, employers need to make development more tangible by equipping managers to have meaningful career conversations, creating clearer visibility into skills and career opportunities, and linking learning directly to the work employees do every day.”
For organizations, skills uncertainty can create a blind spot. If employees cannot connect their current role with future opportunities, confidence may erode, adaptability may slow and investment in new technology may fail to translate into stronger performance.
WTW recommends that employers:
identify the skills required to deliver current and future business priorities;give employees clearer visibility of career pathways, learning opportunities and internal roles;equip managers to discuss changing skill requirements and guide development; anduse employee listening and workforce data to identify where uncertainty or capability gaps may be affecting confidence and performance. Havely added: “Workforce transformation is more likely to succeed when employees can see a clear path to growth and organizations have the infrastructure to support it. By making skills, career pathways and development opportunities more visible and actionable, employers can reduce capability anxiety and build a workforce better equipped to adapt, grow and perform.”
About the research
WTW’s 2026 Employee Experience Global Market Study includes responses from 549 employer organizations representing 5.6 million employees globally. It also draws on insights from 7,000 employees across the United States, United Kingdom, Japan, France and Saudi Arabia.
About WTW
At WTW, we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with clients, we uncover opportunities for sustainable success — and provide perspective that moves you.
NEW YORK, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today released the fall 2026 edition of its Insurance Marketplace Realities report, examining rate predictions and market conditions across more than thirty lines of commercial insurance in North America.
Large and complex property rates fell an average of 14.5 percent in the second quarter of 2026, compared with 8.4 percent a year earlier, as competition among insurers intensified. Shared and layered programs, placements with five or more carriers, saw average declines of 23.41 percent, up from 14.57 percent in the second quarter of 2025. The market has now moved from the depths of the 2018 through 2024 hard market toward pricing last seen in 2019.
The report, “The Specialist View: Navigating Tomorrow's Risk Landscape for 2027,” reflects on how specialization across lines is helping clients navigate accelerating technology risk, including new exposures tied to artificial intelligence and data infrastructure investment.
"Clients are navigating a market being reshaped by specialization and technology at the same time," said Jackie Bolig, Head of Placement and Broking Solutions for North America at Willis. "The pace of change, particularly around AI and data infrastructure, means brokers can’t operate in silos. Our clients need advisors who connect the dots across their full risk profile."
Additional findings include:
Global insured catastrophe losses reached 107 billion dollars in 2025, the sixth consecutive year above 100 billion, even as the first half of 2026 produced the lowest total since 2020Auto liability and umbrella/excess lines for high hazard risks remain under pressure as does high hazard general liability risksCyber rates are holding roughly flat between a 5 percent decrease and a 5 percent increase, and the report urges buyers to reinvest any savings into higher limits given the continued rise of AI enabled ransomware and data exfiltration threats. Casualty tells a different story than property. Auto liability and general/excess liability lines (including lead umbrella) for high hazard risks remain under pressure from nuclear verdicts and social inflation. The report also highlights early indications that rate increases in the excess casualty market may be nearing their peak, driven in part by new capacity entering the market through broker-led facilities, including WTW’s Gemini, as well as newly established managing general agents and underwriting agents.
"Rates and risk are no longer moving in the same direction across every line, and that gap is where our clients need the most guidance," said Bolig. "Property buyers have room to negotiate this cycle. Casualty and specialty buyers need to plan for a market that is still correcting for verdict severity and emerging technology risk."
The full Insurance Marketplace Realities report, covering rate predictions across major product lines, professional liability lines and specialty lines and solutions, is available here.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Regulatory approvals from the Central Bank of the UAE (United Arab Emirates) and the Central Bank of Bahrain complete the change in ownership of Al Futtaim Willis.
Complements broader regional expansion underway with growing presence in UAE and Saudi Arabia.
DUBAI, United Arab Emirates, Oct. 01, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today confirmed regulatory approval for a change in the ownership of its longstanding joint venture, UAE-based Al-Futtaim Willis (AFW). Following Al-Futtaim’s sale of its 51% stake in the joint venture, WTW will assume full control of the AFW business.
Pamela Thomson-Hall, Head of International at WTW, said: “WTW’s investment strategy remains acutely focused on optimizing the company’s portfolio globally and pursuing scaled and high-growth broking businesses. This investment will enable us to wholly manage our businesses in Dubai and Bahrain going forward . It further strengthens our strategy and enables us to provide clients in the UAE and wider region with better access to our specialist expertise and global placement capabilities. It also enhances our ability to serve our global benefit management clients through a more consistent delivery approach.”
Head of WTW CEEMEA, Eleni Lykoudi, commented: “This change in ownership structure complements WTW’s recent investments in the Kingdom of Saudi Arabia, where the company recently established insurance and reinsurance broking entities. The integration of AFW will allow our local, regional, and global clients to access WTW’s entire portfolio, enhancing our value proposition in the market. All of this speaks to WTW’s commitment to invest in the Middle East and our enhanced client service offering in the region.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at www.wtwco.com
Forward Looking Disclaimer
This document contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. You can identify these statements and other forward-looking statements by words such as ‘may’, ‘will’, ‘would’, ‘commit’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘future’, or similar words, expressions or the negative of such terms or other comparable terminology. These forward-looking statements include, but are not limited to, strategic plans and the future of our business, receipt of regulatory approvals and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. All forward-looking disclosure is speculative by its nature.
There are important risks, uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including, but not limited to those described under “Risk Factors” in the Company’s most recent 10-K filing and subsequent filings filed with the SEC. The foregoing list of factors is not exhaustive, and new factors may emerge from time to time that could also affect actual performance and results. Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved. Our forward-looking statements speak only as of the date made, and we will not update these forward-looking statements unless the securities laws require us to do so. With regard to these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.
NEW YORK, Sept. 30, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) a leading global advisory, broking and solutions company, today announced that it has entered into an agreement with Sapien Software, LLC, to provide global HR and deal intelligence software and solutions for mid-market companies involved in divestitures, mergers and acquisitions.
The partnership between WTW and Sapien provides HR Management System, Human Capital Management System, payroll administration, international benefits administration and managed services as part of the WTW’s Human Capital Divestitures in a Box (DIAB) solution. The DIAB solution is a one-stop, pre-packaged HR solution that’s globally scalable and designed to support both buyers and sellers. It combines WTW’s M&A consulting expertise in due diligence, deal planning, workforce integration and employee communication, with Sapien’s market leading human capital management software solutions.
Perry Papantonis, Senior Managing Director and Global M&A Leader at WTW said, “WTW’s Divestitures in a Box solution enables companies to accelerate day one readiness across all HR plans, programs, and systems, reduce companies’ reliance on Transition Services Agreements (TSAs), and enhance both corporate and employee experiences during transactions. Sapien’s platform will help organizations to aggregate and model data to support the M&A sell-side process and buyer requests and serve as a full global Human Resources Information System HRIS following transaction close.”
Ryan Tweedie, Managing Partner of Sapien, said: “With people at the center of every corporate transition, our platform compliments WTW’s solution to fulfill on the promise of a one-stop, pre-packaged, cost-effective solution that is globally scalable and enables both buyers and sellers to move with speed, precision and confidence.”
Infused with AI for easy decision support queries, and with built-in managed services that are already a part of every implementation, Sapien’s technology will complement WTW’s solution to help deliver a new level of speed, cost-effectiveness, and insights necessary to ensure success before, during and after divestiture or M&A activity.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
Learn more at wtwco.com.
About Sapien Software, LLC
Sapien is the most progressive and innovative provider of HR software and data intelligence for the global mid-market with unparalleled expertise in divestitures. Purpose-built to be a single source of truth for divestiture planning and to evolve from data ingestion to Day One stand-alone readiness, Sapien is intuitive, rapidly customizable and proven to deliver the functionality, versatility, and affordability that mid-market globals need while guiding organizations through the divestiture process with workforce insights for decision-making. Led by industry veterans and designed to be right for now and tomorrow, Sapien is multi-lingual, multi-currency, and payroll/benefits agnostic. Our proprietary Human Resources Augmentation (HRA) and built-in AI functionality accessed via Natural Language Processing offers an unparalleled layer of support and is available globally. For more information: www.sapiensoftware.com
LONDON, Sept. 30, 2026 (GLOBE NEWSWIRE) -- Strategic decisions are becoming harder to execute because the conditions required to deliver them are changing at the same time, according to the latest research by Willis, a WTW business (NASDAQ: WTW). Marking the 20th anniversary of the Willis Research Network (WRN), the report, “The decision advantage”, argues that competitive edge increasingly depends not on predicting the future, but on recognizing changing assumptions early enough to act before options narrow and value is lost. Intangible investment exceeded US$10 trillion in 2025 and investment across major economies could approach US$100 trillion between 2026 and 2030 if current patterns continue.
Drawing on two decades of WRN research, scenario work and practical risk experience, the report argues that organizations are not struggling to make decisions because of a lack of data, forecasts or insight. The challenge is recognizing when changing conditions should alter a strategic decision. AI deployment, electrification, workforce transformation and security-driven growth increasingly compete for the same infrastructure, skills, capital, resources and institutional capacity. Strategic opportunities can remain attractive while becoming harder to realize because the conditions required to deliver them are secured elsewhere first.
The report introduces a pathway to improve decision-making by helping leaders identify changing assumptions, assess what value is at stake, establish thresholds and triggers and generate evidence that actions improve outcomes. It also highlights the importance of assessing not only value that could be lost through disruption, but value that may never be realized because opportunities narrow, capacity becomes constrained or critical resources become unavailable.
Case studies are included in the report, focusing on four strategic decisions many organizations are facing today: AI-enabled growth, electrified growth, security-driven growth and adaptive capacity under pressure. Increasingly, these ambitions compete with each other for the same infrastructure, skills, capital, resources and institutional capacity, and changing conditions can influence whether strategic objectives are realized, delayed or abandoned.
Helene Galy, Managing Director, Willis Research Network said: "The Willis Research Network was established twenty years ago to contribute to the improvement of institutional decision-making, by connecting world-class research to real-world business challenges. This report captures that spirit by bringing together two decades of insight and translating it into a practical framework in a world where risks, opportunities and dependencies are increasingly interconnected.
The next 20 years will not be defined by a single technology, risk or disruption but by the interaction of multiple systems competing for the same infrastructure, resources, skills and capital. As organizations invest trillions of dollars in growth, transformation and resilience, competitive advantage will increasingly come from recognizing changing assumptions before they become constraints.
The organizations that succeed will not necessarily be those that predict the future most accurately. They will be those that create decision advantage by identifying what is changing, understanding what is at stake and acting before opportunities narrow or critical conditions become unavailable."
About the report
“The decision advantage” builds on insight from 20 years of WRN research and introduces a practical approach for helping leadership teams make better decisions under uncertainty. The report presents a signal-to-action pathway, examines six interconnected systems shaping strategic outcomes, and applies the framework through four case studies that test how major strategic decisions perform under different future conditions. The full report can be downloaded here.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
New AI-enabled, risk intelligence platform consolidates risk and insurance data, helping clients improve visibility, program efficiency, stakeholder reporting and decision-making | Source: Willis Towers Watson US LLC
LONDON, Sept. 29, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today launches RiskIQ Nexus, a new risk intelligence platform designed to help organizations bring risk and insurance data together in one place. This gives risk managers faster access to the information and insights they need to understand their programs, prepare for renewals and make more informed risk and insurance decisions.
Part of WTW's leading RiskIQ ecosystem, Nexus helps organizations consolidate policy, premium, loss, exposure and other risk and insurance information from multiple sources into a single, connected view. Its AI capabilities support multi-language document ingestion and enable users to query and analyze their data more intuitively, turning information into decision-ready reporting and insights.
Many organizations continue to manage critical risk and insurance information across multiple systems, spreadsheets and data sources, creating challenges around visibility, governance and decision-making. Nexus addresses these pain points by reducing administrative burden and supporting more efficient programs and stakeholder reporting.
The platform also provides a foundation for deeper, scalable risk and insurance analysis, enabling clients to quickly access information such as insurance spend, insurer participation, policy details, program structures and upcoming renewals. Its AI-enabled querying helps organizations explore and interrogate their data in detail and answer practical day-to-day questions including:
What insurance do we have in place?What is our total cost of risk? How much are we spending on insurance?Which insurers are we using?Where are our latest policy documents?How has our program changed since the last renewal? By bringing this information together, Nexus helps clients strengthen renewal discussions, improve oversight of risk and insurance programs, and respond more effectively to requests from finance teams, C-suite leaders and other stakeholders. It also helps users move beyond static reports to generate decision-ready insights, while Willis consultant specialists can help clients interpret and act on them.
Importantly, Nexus is broker agnostic. It can incorporate risk and insurance information beyond Willis placements, including non-placement data, enabling organizations to create a more complete view of their programs. This helps stakeholders work from a single source of truth, while keeping data confidential and protected, with access limited to client-approved users.
John Merkovsky, Global Head of Risk & Analytics at Willis, said: “Risk managers shouldn't have to spend hours pulling information from spreadsheets, emails and shared drives just to answer key questions about their risk and insurance portfolio. Nexus puts that information at their fingertips, helping clients quickly establish what insurance they have in place, who they buy from, what they spend and how programs are changing over time. Its AI-enabled querying and analysis will help clients move from information to insight and action more quickly, driving better risk decisions and much greater value.”
Nexus forms part of Willis’ continued investment in technology, analytics and digital solutions that strengthen client decision-making and enhance the delivery of risk and insurance services. As the platform evolves, it will provide additional ways for clients to understand and act on their risk and insurance data.
Nexus is being rolled out to clients globally as part of Willis' recently announced Propel initiative and its expanding digital client experience.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at www.wtwco.com
LONDON, Sept. 28, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) today unveiled Radar AI Assistant, a new natural language capability within Radar Vision, its AI-driven performance and experience monitoring tool built for insurers.
The AI technology enables pricing, underwriting, claims and portfolio management teams to identify emerging issues and uncover hidden patterns within their data, providing real-time, actionable insights for competitive advantage. Radar AI Assistant goes on to explain the likely drivers and feeds these insights directly into recommended pricing and underwriting actions.
During its development, WTW invested significantly to leverage and embed the expertise and specialist insurance judgement of its leading consulting team. This specialist expertise sets the capability apart from generic AI tools, enabling it to deliver game-changing levels of comprehensive, accurate and actionable insights that support confident, real-world insurance decision-making.
Pardeep Bassi, Global Proposition Leader in Data Science, Insurance Consulting and Technology, WTW, said: “A single emerging risk signal may be too weak to justify action. Radar AI Assistant, guided by insurance expertise, can consolidate multiple early indicators into a clearer, more credible view that supports confident action ahead of competitors reliant on isolated signals.
“Radar AI Assistant puts this capability directly into the hands of underwriters and portfolio managers without the need for new tools or additional reports, helping insurers turn monitoring into a source of competitive advantage.”
This latest investment in Radar’s broader AI strategy leverages over 30 years of WTW insurance expertise and commitment to supporting insurers to scale AI adoption, strengthen decision-making, improve enterprise-wide outcomes and enhance business performance.
About Radar
Radar is a leading insurance technology platform that unifies pricing, underwriting, and claims into a single end-to-end solution. Built by insurance specialists and backed by more than 30 years of industry innovation, Radar leverages proprietary analytics and advanced generative AI capabilities to help personal and commercial lines insurers make faster, smarter, and more confident decisions across the insurance lifecycle. Trusted by more than 500 insurers worldwide, Radar enables organisations to improve operational efficiency, accelerate growth, and deliver measurable business outcomes at scale.
Radar is part of WTW’s Insurance Consulting and Technology business, which helps insurers navigate complexity and drive transformation through a unique combination of deep insurance expertise, strategic advisory services, and market-leading technology.
About Insurance Consulting and Technology
WTW’s Insurance Consulting and Technology business is a global leader in P&C, Life, and Health insurance software and advisory services. With over 1,700 colleagues in 35 markets, we combine deep insurance expertise with leading-edge technology to help insurers navigate complexity and unlock value across pricing, underwriting, reserving, financial and capital modelling, claims, portfolio management, and regulatory reporting.
We’re redefining insurance through innovation and technology. By harnessing Generative and Agentic AI, we’re creating next-generation processes that reduce friction, enhance decision-making, and unlock faster, smarter outcomes for our clients. These capabilities accelerate innovation and enable us to deliver with unmatched precision and scale.
More than 1,000 insurers across six continents - including many of the world’s leading insurance groups - trust our unique combination of advisory insight and advanced software to power their businesses and drive sustainable growth.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organisations sharpen their strategy, enhance organisational resilience, motivate their workforce and maximise performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success — and provide perspective that moves you.
NEW YORK, Sept. 24, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, today announced a strategic AI partnership with Softtek, a global software engineering partner. As organizations accelerate AI adoption, many struggle to translate workforce transformation plans into operational reality. Together, WTW and Softtek help clients connect workforce strategy, organizational change and technology implementation to deliver transformation at scale.
WTW’s AI Workforce Transformation solution helps organizations assess the AI potential within jobs, redesign work, plan for workforce management, align total rewards and prepare employees for change.
Softtek turns workforce transformation decisions into operational reality. It applies its engineering, AI and automation expertise to redesign business processes and deploy solutions at scale. Softtek also provides the governance, integration and oversight needed to support reliable enterprise adoption.
Julie Gebauer, WTW President, Health, Wealth & Career said, “Together, WTW and Softtek, can bridge the gap organizations face when taking on AI workforce transformation. We make the link from work, people and programmatic change to enterprise technology execution in ways that deliver measurable and sustainable business outcomes.”
Blanca Treviño, President and CEO of Softtek said, “Technology has always changed the way organizations operate. The hardest part is rarely technology itself. It’s helping people, processes, and business priorities evolve together. WTW brings deep expertise in helping organizations navigate that change. Softtek brings the engineering discipline to put those decisions into practice. Together, we help clients turn strategy into outcomes. We call that ‘AI that ships.’”
The partnership reinforces WTW’s position at the intersection of people, work and technology, with Softtek providing implementation capabilities where clients need it.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success, and provide perspective that moves you.
Learn more at wtwco.com.
About Softtek
Softtek drives results by combining engineering discipline with expert oversight to put AI into production, tied to business outcomes. The pioneer of nearshore, we close the gap between technology and business strategy. Simple. Smart. Reliable.
Learn more at softtek.com or connect with @Softtek on social media.
LONDON, Sept. 21, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) today announced a global agreement with Zurich Insurance Company Limited (Zurich) to deploy Radar, WTW’s market-leading end-to-end rating and analytics software, to help improve pricing sophistication and risk selection across the Swiss insurer’s target Retail markets worldwide.
This new global agreement, which follows a rigorous selection process, builds on and significantly expands the two companies' existing agreement, under which WTW successfully integrated WTW’s Radar technology across its primary Retail lines within a number of country-level markets.
Soledad Mune, Group Head of Retail Transformation, Zurich, said: “Improved pricing sophistication and risk selection are critical to long-term profitability in retail. WTW brings proven knowledge and reliability, and Radar offers a market-leading pricing platform, global adoption and ease of scaling through a centralized tech infrastructure. We look forward to further capitalizing on WTW’s expertise.”
Georgy Matov, Managing Director and Zurich Global Relationship Leader, Insurance Consulting and Technology, WTW, said: “We are delighted Zurich has chosen Radar as its global pricing solution, which expands our successful collaboration. We will apply our deep industry expertise and insurance technology solutions to help Zurich enhance its pricing and risk management capabilities through advanced functionality across monitoring, analytics, decision-making and deployment.
“Radar continues to develop at an unprecedented pace, with the latest release including ground-breaking insurance-honed AI portfolio management capabilities.”
Built specifically for the insurance industry, Radar provides a suite of advanced capabilities, helping both personal and commercial lines insurers to unlock smarter, data-driven decision-making at scale. Key benefits include real-time insights for more accurate risk assessments, cutting-edge AI techniques, enhanced pricing accuracy, and unprecedented speed and agility for pricing, portfolio management, claims and underwriting.
About Radar
Radar is a leading insurance technology platform that unifies pricing, underwriting, and claims into a single end-to-end solution. Built by insurance specialists and backed by more than 30 years of industry innovation, Radar leverages proprietary analytics and advanced generative AI capabilities to help personal and commercial lines insurers make faster, smarter, and more confident decisions across the insurance lifecycle. Trusted by more than 500 insurers worldwide, Radar enables organizations to improve operational efficiency, accelerate growth, and deliver measurable business outcomes at scale.
Radar is part of WTW’s Insurance Consulting and Technology business, which helps insurers navigate complexity and drive transformation through a unique combination of deep insurance expertise, strategic advisory services, and market-leading technology.
About Insurance Consulting and Technology
WTW’s Insurance Consulting and Technology business is a global leader in P&C, Life, and Health insurance software and advisory services. With over 1,700 colleagues in 35 markets, we combine deep insurance expertise with leading-edge technology to help insurers navigate complexity and unlock value across pricing, underwriting, reserving, financial and capital modeling, claims, portfolio management, and regulatory reporting.
We’re redefining insurance through innovation and technology. By harnessing Generative and Agentic AI, we’re creating next-generation processes that reduce friction, enhance decision-making, and unlock faster, smarter outcomes for our clients. These capabilities accelerate innovation and enable us to deliver with unmatched precision and scale.
More than 1,000 insurers across six continents—including many of the world’s leading insurance groups—trust our unique combination of advisory insight and advanced software to power their businesses and drive sustainable growth.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
LONDON, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Facultative reinsurance is helping insurers pursue growth opportunities in a rapidly softening market, enabling them to maximize available capacity and expand into new geographies while managing an increasingly complex risk landscape. That’s the conclusion of a new Facultative Reinsurance Report 2026 published today by Willis, a WTW business (NASDAQ: WTW).
The report, conducted in partnership with Coleman Parkes Research, received responses from 380 senior decision makers at leading insurance companies across North America, Europe, Middle East, APAC and Latin America.
The findings show that growth and global expansion are among insurers' top priorities as they seek to deploy the large reserves of capital built up during the hard market. In addition, the survey shows that:
More than half (52%) of insurers identified capital management as a key reason for buying facultative reinsurance, up from 44% in 2024.56% said global expansion was among their greatest opportunities in the next two years (up from 39%), indicating an increase in insurers writing business overseas to drive growth.52% named entering new markets and risk areas among their top strategic objectives over the next two years, up from 45% in our previous survey, while 55% named increasing capacity as a top objective, up from 48%. The results confirm the trend identified in the 2024 survey that facultative insurance is no longer viewed only as a defensive position to protect against problem risks but also as a flexible tool to support business priorities such as expansion, while also managing risk and volatility.
60% of insurers expect to increase their use of facultative reinsurance over the next two years, compared with just 13% who plan to buy less, highlighting its growing importance across the market cycle.82% saw facultative as a key part of their strategies for managing risk, capacity, capital and appetite, while only 22% said they used facultative as a last resort, down from 28% in the 2024 survey. The report also highlights growing concern around emerging risks, including geopolitical tensions, cyber threats and climate-related exposures, which could begin to alter the current market dynamics.
57% cited geopolitics among the emerging risks they are most concerned about, up from 52%, while 54% said cyber, up from 24%, and 40% climate, up from 30%. Garret Gaughan, Global Head of Direct and Facultative at Willis said: "While market conditions are creating significant opportunities for growth, insurers remain aware of the risks that could quickly present themselves. Our research shows that facultative reinsurance is increasingly being used as a strategic tool to help insurers expand their capacity, enter new markets and manage capital efficiently. At the same time, it provides valuable flexibility as organisations navigate uncertain times.”
The survey report can be downloaded here.
About the survey
The survey was conducted between February and March 2026 and included 380 senior decision makers from leading insurance companies, including C-suite executives, vice presidents, and heads of property and casualty (P&C). Company size was distributed as follows: 47% with GWP of $1 billion-$5 billion, 35% with GWP of $5 billion-$10 billion, and 19% with GWP of $10 billion or more.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.
Key Takeaways WTW's organic revenues rose 5% in Q2 2026, led by Risk & Broking and Insurance Consulting & Technology.WTW's Propel program uses AI and automation to improve productivity and support margin expansion.WTW's free cash flow surged 65.9% to $360 million, supporting buybacks, dividends and acquisitions. Shares of Willis Towers Watson Public Limited Company (WTW - Free Report) are trading at a discount compared with the industry. Its forward price-to-earnings multiple of 14.73X is lower than the industry average of 15.32X.
The leading global advisory, broking and solutions company has a market capitalization of $30.1 billion. The average volume of shares traded in the last three months was 0.6 million. The insurer’s earnings have a solid track record of beating estimates in each of the last four quarters, with an average of 3.9%.
Image Source: Zacks Investment Research
Shares of other insurance brokers like Aon plc (AON - Free Report) , Arthur J. Gallagher & Co. (AJG - Free Report) and Brown & Brown, Inc. (BRO - Free Report) are also trading at a discount to the industry average.
WTW’s Price PerformanceWillis Towers Watson's shares have rallied 23.8% in the past three months compared with the industry’s growth of 8.1%.
Continued margin expansion, AI-driven productivity initiatives, a strong specialty business pipeline and disciplined capital returns supported WTW’s performance.
Image Source: Zacks Investment Research
WTW's Average Target Price Suggests UpsideBased on short-term price targets offered by 20 analysts, the Zacks average price target is $382.25 per share. The average suggests a potential upside of 18.1% from the last closing price.
Image Source: Zacks Investment Research
WTW’s Growth Projection EncouragesThe Zacks Consensus Estimate for Willis Towers Watson's 2026 earnings per share (EPS) indicates a year-over-year increase of 16%. The consensus estimate for 2026 revenues is pegged at $10.51 billion, implying a year-over-year improvement of 8.2%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 14.4% and 4.9%, respectively, from the corresponding 2026 estimates.
Expected long-term earnings growth is pegged at 17.6%, above the industry average of 14.5%.
Optimistic Analyst Sentiment on WTWThe company has witnessed 11 upward earnings estimate revisions for 2026 over the past 60 days, while 2027 has observed 10 upward earnings estimates with no downward revisions. Thus, the Zacks Consensus Estimate for 2026 and 2027 moved 1.8% and 3.5% north, respectively, over the same period.
WTW's Efficient Use of Shareholder FundsWillis Towers Watson’s return on equity of 22.2% for the trailing 12 months compared favorably with the industry’s 19.1%, reflecting the company’s efficiency in utilizing shareholders’ funds.
Factors That Benefit WTWWTW continues to benefit from solid organic growth across its key businesses, driven by strong client retention, new business wins and demand for risk-management and advisory services. In the second quarter of 2026, organic revenues increased 5%, led by 7% growth in Risk & Broking and 6% growth in Insurance Consulting & Technology. A strong specialty business pipeline and growing demand for specialized risk solutions should further support organic growth.
WTW's AI strategy and margin expansion remain key long-term growth drivers. The company is extending its efficiency program through Propel, a two-year plan to embed AI and automation across its operations. Management expects AI-driven automation and analytics to improve productivity, strengthen client engagement and expand margins. These initiatives are expected to increasingly benefit margins from 2027, with the company targeting an adjusted operating margin of approximately 30% by 2028.
WTW continues to expand its capabilities and reach through acquisitions. The acquisition of Newfront strengthens its presence in the middle-market and adds technology and specialized expertise. Newfront is expected to contribute about $250 million in post-close revenues in 2026, with an adjusted EBITDA margin of nearly 26%. Its technology has also been integrated into WTW’s Neuron platform, while cost synergies are tracking ahead of plan. Cushon strengthens WTW’s U.K. retirement business, while SMB Scala & Mansutti expands its broking capabilities in Italy. These acquisitions broaden WTW’s client base and create new growth opportunities.
Rising healthcare costs and increasing benefit complexity are driving demand for WTW's health consulting. During the second quarter of 2026, the health segment revenue grew 8%. Management expects high-single-digit growth for 2026.
Willis Towers Watson's solid balance sheet and steady cash flow are expected to support capital deployment through buybacks, dividend payouts, debt repayments and acquisitions. Free cash flow increased 65.9% year over year to $360 million, primarily driven by operating margin expansion. WTW repurchased about 1.7 million shares for $450 million during the second quarter and expects share repurchases of $1 billion or more in 2026.
Risks for WTWWTW faces intense competition and softer insurance rates, which could pressure commission growth and increase client acquisition costs.
Unfavorable exchange-rate movements could negatively impact earnings and operating results despite the company's hedging programs. Management expects foreign currency to provide an additional 5-cent tailwind in the second half of 2026, bringing the full-year benefit to approximately 35 cents.
ConclusionWTW boasts growth through organic growth, AI initiatives, specialty insurance expansion, the Newfront acquisition, strong liquidity, effective capital deployment and continued margin improvement. However, intense competition, softer insurance pricing and foreign exchange volatility remain key risks.
Given its solid growth projections, optimistic analyst sentiment, cheap valuations and favorable ROE, it is wise to retain this Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
LONDON, Sept. 15, 2026 (GLOBE NEWSWIRE) -- The global power sector is becoming increasingly central to economic growth as artificial intelligence, digital infrastructure, advanced manufacturing and the electrification of transport, buildings and industry increase demand for stable, reliable and available power. At the same time, geopolitical and policy uncertainty, ageing assets, supply-chain bottlenecks and uneven grid infrastructure are shaping the direction and pace of change, according to the latest Power Market Review published today by Willis, a WTW business (NASDAQ: WTW).
The power insurance market remains highly competitive, as the wider insurance market experiences continued softening. Property capacity is abundant, rates continue to fall and insurers are actively seeking growth. Well-managed power companies with strong loss records, credible valuations and robust engineering information are using the soft market to rebalance their risk strategy, but catastrophe-exposed assets, vulnerable supply chains, emerging technologies and risks with weak maintenance or operational data will continue to attract closer underwriting scrutiny in the year ahead.
Although falling rates may create immediate savings, organisations should be exploring opportunities to leverage today’s market to strengthen resilience and prepare for a future change in the market cycle. Power companies can capitalise on current market conditions by reassessing their program structures and challenging existing pricing and design.
Key findings from the report include:
Power investment is not moving in one direction. Technology companies, infrastructure investors and some private equity funds are all looking for ways to improve efficiency, reliability and the carbon profile of power systems. Investment activity is increasingly targeting technologies capable of delivering step-change improvements in power generation and system performance.Nuclear investment is accelerating, but financing remains constrained by concerns over delays, cost overruns and execution risk. The insurance market has an opportunity to help bridge this bankability gap through innovative risk transfer solutions, performance guarantees and portfolio-based approaches that give lenders greater confidence and unlock capital for project delivery.Capacity for coal is still available for well-managed risks, although insurer scrutiny is expected to intensify over time. The best insurance outcomes will depend on how clearly insurance buyers evidence risk quality, asset stewardship, transitional plans, maintenance regimes, business interruption exposures and portfolio-level resilience.For international liability, conditions continue to be increasingly favourable for buyers, due to increasing capacity, heightened competition and greater pricing flexibility. However, certain exposures remain subject to greater underwriting scrutiny such as wildfire and bushfire exposure, grid resilience, failure to supply and coal-related risks.Demand for power continues to increase exponentially, pulling capital into the sector but it remains bound by macro M&A transaction trends. Private equity companies are facing constrained exits, longer holding periods and challenging fundraising conditions. Deal ambition remains, but the route to execution is becoming more selective, more strategic and more dependent on risk quality.
Rob Hale, global head of power and renewable energy, Willis Natural Resources, said: “Current market conditions offer more than the chance to reduce costs, they create an opportunity to challenge insurance program architecture and reinvest into resilience before conditions become more challenging. In an interconnected energy system, insurance is not simply a mechanism for transferring loss. Used strategically, it can support investment, protect capital, strengthen resilience and give power companies greater confidence to grow.
“The companies that benefit the most from this cycle will be those that use today’s conditions to build stronger, better-evidenced and more future-ready risk financing strategies. Innovation and collaboration across all stakeholders in the value chain, including risk intermediaries, will play an increasingly critical role in de-risking investors’ capital and unblocking continued growth.”
The complete report can be downloaded here.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced a strategic partnership with Lyzr, an enterprise agentic AI platform, designed to help organizations move effectively from workforce transformation planning to AI-enabled execution.
As organizations reach beyond AI experimentation, many are seeking clearer pathways to redesign work, equip employees with new skills and realize tangible value from AI investments. Together, WTW’s AI Workforce Transformation consulting expertise and Lyzr’s agentic AI capabilities will help clients move from AI ambition to measurable business impact.
As AI adoption accelerates, many organizations are discovering that technology implementation is only part of the challenge. Leaders must determine where AI can create value, how work should be redesigned, how employee experiences will evolve and what capabilities the future workforce will need. Through its AI Workforce Transformation offering, WTW helps clients redesign work, align rewards and skills strategies, and manage change responsibly.
With Lyzr's agentic AI platform, clients can operationalize AI-enabled ways of working identified through WTW's advisory work by embedding intelligent workflows into day-to-day operations, reducing friction and helping employees integrate AI into everyday work.
Julie Gebauer, WTW President, Health, Wealth & Career said, “WTW and Lyzr believe that successful AI transformation depends on both human and technology change. Through this partnership we can take a client from analysis and work redesign to the development and embedding of AI capabilities. With Lyzr we will help clients bridge the gap between workforce transformation strategy and execution. We think it’s a game changer.
Siva Surendira, Founder and CEO, Lyzr, said, "Most organizations are not short of AI ideas. They are short of a path from a validated idea to something that runs every day, inside their own environment, with the right controls around it. That gap is where the value tends to get lost."
"WTW and Lyzr already have agents live in production together, so this partnership is built on the work we have done rather than a plan we are describing. WTW brings a deep understanding of how work, skills and rewards fit together, and Lyzr turns those decisions into agents that run in the client's own cloud, under their own governance, with their data and intellectual property staying with them.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success, and provide perspective that moves you.
Learn more at wtwco.com.
About Lyzr
Lyzr is a full-stack agentic AI platform for enterprises that's sovereign by design. Enterprises use Lyzr to build, orchestrate, govern and observe AI agents across their business, from a single agent to a fleet running in production, deployed in their own cloud or on their own infrastructure so that data, models and intellectual property stay under their control. Lyzr supports enterprises across financial services, insurance, retail, consumer goods, technology and the public sector, and works with leading consulting firms and system integrators to deliver agentic transformation at scale. Founded in 2023, Lyzr is headquartered in New York with offices in Jersey City, London, Dubai and Bangalore.
NEW YORK, Sept. 10, 2026 (GLOBE NEWSWIRE) -- U.S. commercial insurance prices grew again in the second quarter of 2026, with an aggregate price increase of 0.5%, according to WTW’s latest Commercial Lines Insurance Pricing Survey (CLIPS).
The survey compares premiums for policies underwritten during the quarter with those for the same coverage in the prior year. The aggregate price increase of 0.5% in the second quarter marks a continued moderation in commercial insurance pricing, down from a 2.5% increase in the first quarter of 2026 and a 3.8% increase in the second quarter of 2025.
Commercial Property saw the largest price decrease this quarter, with prices declining more significantly than in the prior quarter. General and Products Liability continued to moderate, while D&O returned to a small price increase after several quarters of decreases. Across account sizes, price increases moderated for Small Commercial and Mid-Market Commercial, while Large Account Commercial experienced its first price decrease since the end of 2017. Specialty lines continued to show a small price increase.
“Commercial insurance pricing is continuing to move toward a more balanced market, with overall price increases moderating across many lines,” said Yi Jing, Managing Director, Insurance Consulting and Technology, WTW. “While there are still areas of the market experiencing upward pricing pressure, the pace of change has slowed considerably. This quarter’s results reinforce the trend we’ve been seeing toward greater stability in commercial insurance pricing.”
CLIPS is a retrospective look at historical changes in Commercial Property & Casualty insurance (P&C) prices and claims cost inflation. A forward-looking analysis of Commercial P&C trends, outlook, and rate predictions can be found in WTW’s Insurance Marketplace Realities series.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
About CLIPS
CLIPS data are based on both new and renewal business figures obtained directly from carriers underwriting the business. CLIPS participants represent a cross-section of U.S. P&C insurers that includes many of the top ten commercial lines companies and the top 25 insurance groups in the U.S. This survey compared prices charged on policies written during the second quarter of 2026 with the prices charged for the same coverage during the same quarter of 2025. For this most recent survey, 43 participating companies representing approximately 20% of the U.S. commercial insurance market (excluding state workers compensation funds) contributed data.
NEW YORK, Sept. 08, 2026 (GLOBE NEWSWIRE) -- The world’s top 300 pension funds grew total assets under management (AUM) by 13.4% in 2025, the fastest annual growth since 2017, to a record $ 27.7 trillion. This is according to the Global Top 300 Pension Funds report by the Thinking Ahead Institute.
The research highlights high-level trends in the pension fund industry and provides information on the changing composition of the top 300 list of pension funds globally, including the characteristics and investment allocations of these pension funds.
Growth was particularly strong among the largest funds. The top 20 largest funds increased their assets by 14.7%, taking their total assets to $11.9 trillion.
North America remains the largest region, accounting for 44.7% of the top 300 assets, although its share fell from 47.2% a year earlier. Over the five years to 2025, it nevertheless recorded the strongest annualized growth among the major regions at 6.4%.
Meanwhile, the Asia-Pacific region grew its share of assets among the top 300 from 25.5% to 26.6% year-over-year. Funds in the region allocated 51.4% to equities, the highest portion among the major regions, alongside 36.4% to bonds and 10.5% to alternatives. Likewise, Europe expanded its share of the top 300 assets in 2025 to 24.6% compared with 23.7% in the previous year. Europe’s growth has been significantly bolstered by the Government Pension Fund of Norway, which crossed the $2 trillion milestone for the first time. It overtook the Government Pension Investment Fund of Japan in 2024 as the world’s biggest pension fund and has strengthened that lead even further, being 12.7% bigger than its closest peer.
The UK and Netherlands were the only markets to record negative asset growth over the last five years in both local currency and U.S. dollar terms. While they remain Europe's two largest pension markets, both are characterized by mature pension systems with a significant defined benefit legacy.
This reflects the broader transition across many developed markets, where established pension systems are increasingly balancing growth with benefit payments, de-risking activity, and changing scheme structures. Europe continues to have the lowest proportion of defined contribution assets at 13.2%, compared with 30.7% in Asia-Pacific and 31.6% in North America.
“Scale and consolidation are among the defining industry themes of the moment. Not only are the largest funds getting larger, but organizations are also increasingly pursuing growth beyond traditional M&A through strategic partnerships, which provide access to additional expertise, technology, and specialized capabilities,” said Jessica Gao, director at the Thinking Ahead Institute.
“This is giving rise to a new generation of investment ‘hyperscalers’. Borrowing the term from the technology sector, these are organizations that use their scale alongside their capabilities, relationships and governance to gain greater influence and deliver better outcomes. For pension funds, it is not just about getting bigger, but about making their scale work harder.”
“AI will be an important part of this, but ambition is currently running ahead of readiness. Funds are clear on the potential of AI to improve investment decisions and make their organizations more effective, but many are still building the data, processes and infrastructure needed to put it to work. The opportunity is significant, but progress will depend on strengthening the data, workflows and organizational foundations required to scale AI effectively.”
Top 20 pension funds ($ millions)
RankFundMarketTotal Assets*1Government Pension FundNorway$2,109,4842Government Pension Investment FundJapan$1,872,0683Federal Retirement ThriftU.S.$1,057,2574National PensionSouth Korea$1,005,5415ABPNetherlands$624,7126Canada Pension PlanCanada$578,3917California Public EmployeesU.S.$576,1778Central Provident FundSingapore$514,4709National Social SecurityChina$420,65010California State TeachersU.S.$385,59111Employees Provident FundMalaysia$347,03712New York City RetirementU.S.$306,31713PFZWNetherlands$295,26314New York State CommonU.S.$291,45115Local Government OfficialsJapan$263,77016AustralianSuperAustralia$259,77817Labor Pension FundTaiwan$242,75918Florida State BoardU.S.$240,52519Australian Retirement TrustAustralia$234,01820Employees' ProvidentIndia$230,289
Notes to editors
* U.S. funds’ asset data is as of September 30, 2025. Non-U.S. funds’ asset data is as of December 31, 2025.
About the Thinking Ahead Institute at WTW
The Thinking Ahead Institute is a global not-for-profit investment research and innovation network dedicated to helping investors navigate the future. Bringing together leading asset owners, asset managers, wealth providers and strategic partners, the Institute drives innovation through collaborative research and practical solutions. Since its founding in 2015, the Institute has convened more than 150 organizations to collaboratively design fit-for-purpose investment strategies, improve organizational effectiveness, and strengthen stakeholder trust. Learn more about how the Thinking Ahead Institute can support your organization at https://www.thinkingaheadinstitute.org/.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
SINGAPORE, Sept. 07, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today announced the appointment of Trevor Madden as Head of Captive and Insurance Management Solutions, Asia Pacific, effective 1 November 2026.
Based in Singapore, Trevor will lead Willis’ Captive and Insurance Management Solutions business across the region. He succeeds Joyce Chua, who is leaving the company to pursue personal priorities.
Peter Carter, Global Head of Captive and Insurance Management Solutions said: "Captives and alternative risk financing solutions are playing an increasingly strategic role in how organisations manage risk, deploy capital and strengthen resilience. Across the region, we continue to see growing interest from businesses seeking more sophisticated approaches to risk financing as they navigate an increasingly dynamic and interconnected risk environment.
“Trevor brings exceptional leadership experience, deep technical expertise and a proven track record of helping companies maximise the value of their captive and insurance management structures. His extensive experience across captive operations, governance, underwriting and regulatory engagement makes him ideally positioned to lead our Captive and Insurance Management Solutions business in Asia Pacific.
“I would like to also thank Joyce for her contributions to our Captive and Insurance Management Solutions practice in Asia Pacific. Under her leadership, we have strengthened our market presence and deepened our relationships with clients. We wish her every success in the future."
Christopher Lindsey, Managing Director, Risk & Analytics, Asia, added: "We are delighted to welcome Trevor to his new role in Singapore. His appointment reflects our continued commitment to investing in Asia Pacific, one of the most dynamic and strategically important captive markets globally. As organisations across the region face increasingly complex and interconnected risks, captives solutions are becoming an essential component of sophisticated risk financing and resilience strategies.
“By combining our market-leading Risk and Analytics capabilities with deep captive expertise, Willis is well positioned to help clients in Asia design captive solutions that deliver greater clarity, resilience and cost efficiency.”
Trevor joins the Asia Pacific team from the company’s captive management operation in Dublin, Ireland, where he has held a number of senior leadership positions since 2003, most recently as a Managing Director. He brings more than 35 years of experience in the international insurance and reinsurance industry, with extensive expertise in captive management, underwriting, regulatory governance, risk management and business development. During his career, he has led teams responsible for the management and oversight of captive insurers and reinsurers operating across multiple jurisdictions. He has worked closely with organisations on the establishment, expansion and optimisation of captive insurance programmes.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success and provide perspective that moves you. Learn more at wtwco.com.
Key Takeaways Major brokers posted generally stable organic growth in the second quarter of 2026. Exposure growth, new business, retention and specialty products are replacing rate hikes as growth drivers. M&A, specialty exposure and diversified revenues can help brokers sustain mid-single-digit organic growth. The Zacks Brokerage Insurance industry is showing surprisingly resilient organic growth even as commercial insurance pricing continues to soften. The brokerage industry appears to be transitioning from a rate-driven growth cycle to an execution-driven growth cycle.
The key support is that brokers are increasingly relying on exposure growth, new business, retention, specialty products, and market-share gains, rather than simply benefiting from higher insurance rates. This means broker organic growth is becoming less dependent on insurance-rate increases and more dependent on underlying business activity and execution.
In the U.S. insurance brokerage industry, “underlying business activity and execution” refers to the factors that allow brokers to grow even when insurance pricing is no longer providing a strong tailwind. This is the growth in clients’ actual businesses and insurance needs, rather than changes in insurance rates, such as exposure growth, new business formation and expansion, and higher insurance needs and economic growth.
As pricing moderates, the strongest brokers are shifting from “rate-driven growth” to “volume- and share-driven growth.” This makes organic growth more dependent on winning customers, retaining them, and benefiting from clients' underlying economic expansion. As pricing normalizes, insurers with strong distribution relationships and specialty/middle-market capabilities are increasingly becoming attractive.
Growth is also being supplemented by mergers and acquisitions and strategic investments, which remain important contributors as pricing-driven growth fades. Brokers with strong specialty exposure, diversified revenue streams, acquisition capabilities, and high retention should be better positioned to sustain mid-single-digit organic growth even as pricing becomes less supportive.
Price PerformanceThe brokerage insurance industry has lost 15.1% in the past year against the Finance sector’s growth of 11.9% and the Zacks S&P 500 composite’s appreciation of 20.6%.
Image Source: Zacks Investment Research
3 Insurers to WatchBased on results of the second quarter of 2026, the brokers best positioned to sustain more than 5% organic growth as insurance pricing moderates are Willis Towers Watson Public Limited Company (WTW - Free Report) , Arthur J. Gallagher & Co. (AJG - Free Report) and Aon plc (AON - Free Report) . WTW carries a Zacks Rank #2 (Buy), while AJG and AON have a Zacks Rank #3 (Hold) each at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The second-quarter 2026 results indicate that organic growth across major publicly traded brokers was generally stable compared with the first quarter, with Aon reporting 5% growth, while WTW, Marsh and Arthur J. Gallagher saw modest improvement.
Willis Towers Watson: Based in London, the United Kingdom, Willis Towers Watson is a leading global advisory, broking and solutions company.
WTW looks well positioned. It delivered 5% organic growth in the second quarter, while its Risk & Broking segment grew 7% organically, ahead of the comparable brokerage growth reported by its largest peers. Its advantage is a combination of specialization, recurring revenues, new-business wins and client retention. That makes WTW less dependent on rate increases than brokers whose growth is concentrated in transactional P&C brokerage.
The Zacks Consensus Estimate for Willis Towers’ 2026 earnings per share indicates a year-over-year increase of 16%. The consensus estimate for revenues is pegged at $10.51 billion, implying a year-over-year improvement of 8.2%.
The consensus estimate for 2027 earnings and revenues indicates an increase of 14.4% and 4.9%, respectively, from the 2026 estimates.
The consensus estimate for 2026 and 2027 has moved 0.7% and 2.1% north, respectively, in the past 30 days. Earnings have grown 8.3% in the past five years. The expected long-term earnings growth rate is pegged at 17.6%, better than the industry average of 14.1%. WTW delivered a four-quarter average earnings surprise of 3.88%. Shares of WTW have gained 2.2% in the past year.
Arthur J. Gallagher: Headquartered in Itasca, IL, Arthur J. Gallagher, with a market capitalization of $53.29 billion, is the world’s largest property/casualty third-party claims administrator and the fourth largest among insurance brokers (based on revenues).
AJG delivered 6% organic growth in the second quarter, up from 5% in the first quarter, and management expects 5.5% organic growth in Brokerage and 9% in Risk Management for 2026. The important point is the quality of the growth. AJG is increasingly relying on new business, strong client retention, exposure growth and market-share gains. Its exposure to construction, infrastructure, energy and data centers also creates demand for specialized risk advice even when underlying insurance rates soften.
The Zacks Consensus Estimate for Arthur J. Gallagher’s 2026 earnings per share indicates a year-over-year increase of 24.2%. The consensus estimate for revenues is pegged at $16.60 billion, implying a year-over-year improvement of 20.4%.
The consensus estimate for 2027 earnings and revenues indicates an increase of 12.1% and 8.7%, respectively, from the 2026 estimates.
The consensus estimate for 2026 and 2027 has moved 0.07% and 0.2% north, respectively, in the past 30 days. Earnings have grown 18.1% in the past five years, better than the industry average of 13.9%. The expected long-term earnings growth rate is pegged at 12.4%. This insurance broker has beaten earnings estimates in two of the last four quarters, while missing in one and matching in the other. Shares of AJG have lost 13.8% in the past year.
Aon: Dublin, Ireland-based Aon offers risk management services, insurance and reinsurance brokerage, human resource consulting and outsourcing services worldwide.
Aon generated 5% organic growth for the second consecutive quarter. More importantly, growth was broad-based across its businesses. Its reinsurance business also grew despite significantly lower treaty pricing, suggesting that volume, new clients and value-added services are offsetting rate pressure. Aon is therefore showing that organic growth doesn't necessarily require a favorable pricing cycle.
The Zacks Consensus Estimate for Aon’s 2026 earnings per share indicates a year-over-year increase of 11.6%. The consensus estimate for revenues is pegged at $17.91 billion, implying a year-over-year improvement of 4.2%.
The consensus estimate for 2027 earnings and revenues indicates an increase of 11.3% and 5.3%, respectively, from the 2026 estimates.
Earnings of Aon have grown 10.5% in the past five years, while the expected long-term earnings growth rate is 10.2%. This insurance broker has a solid track record of beating earnings estimates in each of the last four quarters, with an average of 2.72%. The stock has lost 12.8% over the past year.
LONDON, Sept. 02, 2026 (GLOBE NEWSWIRE) -- Leading global advisory, broking and solutions company, WTW, (NASDAQ: WTW), has become the official insurance partner of the Barclays WSL and WSL2 in a new multi-year partnership.
The partnership unites two organisations with a shared ambition to support people and build a stronger future. WTW’s expertise in helping people and organisations understand risk, build resilience, make informed decisions and create conditions for stronger performance is a natural fit with WSL Football’s ambition to transform women’s football into the world’s most distinctive club competition for the players and fans of today and tomorrow.
Over the course of the partnership, WTW will collaborate with WSL Football and clubs from the BWSL and BWSL2 to explore solutions designed to support female athletes and help advance the game. A key pillar of the collaboration is the intention to co-create an insurance solution designed specifically for players at BWSL and BWSL2 clubs which will help transform how they are supported and protected throughout their careers.
While injuries are an unavoidable part of football, female players can face different health considerations and risk exposures than their male counterparts. The need for tailored cover has become increasingly clear as the women’s game has grown and professionalised.
For players, appropriate insurance can help protect their earnings and provide greater financial security in the event of injury or illness. For clubs, it can help protect their investment in their players.
WTW adds to WSL Football’s world-leading roster of brand partners that are all driving transformational growth for the women’s game.
“Ensuring we have the right protection and support in place for players during their careers and for clubs is an important part of building a truly professional and sustainable game.
“Bringing on WTW as a new partner with specialist expertise, whose people-first approach aligns with our values, means that together we can explore new ways to address the specific needs of women footballers and help create a stronger future for players, clubs and the wider game.
“Like all our WSL Football partnerships, it is more than investment into the league, it is investment into the whole women’s football ecosystem and ensures that the infrastructure around the game continues to develop alongside it.”
Carl Hess, CEO, WTW said:
“At WTW, our purpose is to transform tomorrows. We see this as the driving force behind everything we do -- and it's a vision shared by WSL Football.
“This long-term collaboration presents a unique opportunity to bring our risk, insurance and advisory capabilities to women's football. Our focus is on enabling players, clubs and leagues to thrive with confidence as the women’s game continues its rapid ascent on the world stage.
“We are proud to be working with WSL Football to drive meaningful, lasting impact.”
About WTW
WTW (NASDAQ: WTW) provides data driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues in more than 140 countries and markets, we help organizations sharpen strategy, enhance organizational resilience, motivate workforce performance and maximize value. Visit wtwco.com.
About WSL Football
WSL Football is building the most distinctive, competitive and entertaining women's football club competition in the world for the players and fans of today and tomorrow.
Our competitions represent the pinnacle of women's professional football in England, where the world's best players and 26 clubs compete for honours in the Barclays Women's Super League (BWSL), the Barclays Women's Super League 2 (BWSL2) and the Subway Players Cup.
Willis Towers Watson (WTW - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Willis Towers Watson is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
For Willis Towers Watson, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Willis Towers WatsonFor the fiscal year ending December 2026, this advisory, broking and solutions company is expected to earn $19.82 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Willis Towers Watson. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.5%.
Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Willis Towers Watson to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
LONDON, Aug. 27, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved a regular quarterly cash dividend of $0.96 per common share for the quarter ended June 30, 2026. The dividend is payable on or about October 15, 2026 to shareholders of record at the close of business on September 30, 2026.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
The Zacks Insurance Brokerage industry is expected to benefit from better pricing, prudent underwriting, rising demand for insurance products, and global expansion, which, in turn, have been driving revenues. The fast-paced consolidations in this traditionally fragmented industry are expected to benefit Willis Towers Watson Public Limited Company (WTW - Free Report) , Aon plc (AON - Free Report) , Arthur J. Gallagher & Co. (AJG - Free Report) , and Brown and Brown, Inc. (BRO - Free Report) .
Increased digitization should help the industry improve its basis points, scale, and efficiencies.
About the Insurance Brokerage Industry The Zacks Brokerage Insurance industry comprises companies primarily offering insurance and reinsurance products and services. Insurance brokers serve as intermediaries between clients and insurance providers, act on behalf of their clients and offer advice, keeping in mind clients' interests against brokerage fees. Their business is directly linked to clients’ level of business activity. Some of these companies also provide risk management, third-party administration and managed healthcare services. Per a report by Mordor Intelligence, the insurance brokerage market is expected to grow from $359.27 billion in 2026 to $572.47 billion by 2031 at a CAGR of 9.77% during the forecast period (2026-2031). Accelerated digitalization should help in the smooth functioning of the industry.
3 Trends Shaping the Future of the Insurance Brokerage Industry Increased Demand for Products to Drive Revenues: Rising demand for insurance products is a key revenue driver for the brokerage insurance industry, supported by increasing awareness of risk protection, evolving regulatory requirements and growing economic activity. Businesses and individuals are seeking broader coverage across property, casualty, health, cyber, employee benefits, and specialty insurance products to safeguard against financial uncertainties. Higher insurance penetration, rising commercial activity, and increased demand for customized risk-management solutions are creating opportunities for brokers to expand their client base and policy volumes.
Additionally, inflationary trends and higher insured asset values often lead to increased premium levels, which can boost commission and fee income for brokerage firms. Brokers are also benefiting from cross-selling opportunities and growing demand for advisory services, positioning the industry for sustained revenue growth over the long term.
Mergers and Acquisitions: Mergers and acquisitions play a significant role in shaping the brokerage insurance industry, enabling companies to expand market presence, diversify product offerings, strengthen distribution capabilities and achieve operational efficiencies. Insurance brokers increasingly pursue acquisitions to broaden geographic reach, gain access to niche markets and enhance expertise across commercial, employee benefits, wealth management, and specialty insurance lines. Consolidation also helps firms achieve economies of scale, improve bargaining power with insurers and deepen customer relationships through cross-selling opportunities.
Additionally, acquisitions of technology-focused firms and InsurTech companies are accelerating digital transformation, helping brokers improve customer experience, data analytics, and operational efficiency. In a fragmented brokerage landscape, strategic M&A remains a key growth driver, allowing companies to boost revenues, strengthen competitive positioning and create long-term shareholder value.
Increased Adoption of Technology: The brokerage insurance industry is increasingly adopting technology to streamline operations, improve customer engagement, enhance underwriting precision, and drive profitability. Insurance brokers are leveraging artificial intelligence (AI), machine learning, predictive analytics, cloud computing, and automation to optimize policy administration, claims processing, and risk assessment. Digital platforms and self-service tools are improving customer experience by enabling faster quotes, seamless policy purchases, and personalized insurance solutions. The integration of data analytics and telematics is aiding insurers in better evaluating risk and tailoring pricing strategies. Moreover, technology-driven efficiencies are reducing operating costs and enabling brokers to strengthen cross-selling and client retention.
Zacks Industry Rank Indicates Bright Prospects The Zacks Insurance - Brokerage industry is housed within the broader Zacks Finance sector. It carries a Zacks Industry Rank #77, which places it in the top 31% of more than 246 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, signifies encouraging near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the top 50% of the Zacks-ranked industries is the result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are upbeat about this group’s earnings growth potential. The industry’s earnings estimate has declined 7% for 2026 in a year.
Before we present a few securities and exchange stocks worth considering for your portfolio, let’s take a look at the industry’s recent stock-market performance and valuation picture.
Industry Underperforms Sector and S&P 500 The Insurance Brokerage industry has underperformed its sector and the Zacks S&P 500 Composite over the past year. The stocks in this industry have lost 14.9% in a year against the Finance sector’s growth of 13.4% and the Zacks S&P 500 Composite’s appreciation of 21.8%.
One Year Price Performance
Current Valuation On the basis of a trailing 12-month price-to-book (P/B), commonly used for valuing insurance stocks, the industry is currently trading at 3.52X compared with the Zacks S&P 500 Composite’s 7.34X and the sector’s 4.5X.
Over the past five years, the industry has traded as high as 8.56X, as low as 2.85X and at the median of 6.92X.
Trailing 12-Month Price-to-Book (P/B) RatioTrailing 12-Month Price-to-Book (P/B) Ratio
4 Insurance Brokerage Stocks in Focus We are presenting one stock from the space currently carrying a Zacks Rank #2 (Buy) and three stocks carrying a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Willis Towers Watson: Based in London, the United Kingdom, Willis Towers Watson, with a market capitalization of $31.60 billion, is a leading global advisory, broking and solutions company. New business wins and renewals, higher levels of retirement work, strong client retention, strong software sales, strategic buyouts, and effective capital deployment bode well for growth. Willis Towers’ growth strategy remains centered on sustainable revenue growth, mix improvement, and operating margin expansion. Management expects target-specific adjusted operating margins of nearly 30% at the enterprise level, approximately 35% in Health, Wealth & Career and around 30% in Risk & Broking in 2028.
Earnings for this insurance broker have grown 8.3% in the past five years. The expected long-term earnings growth rate is 17.6%, better than the industry average of 14.4%. The Zacks Consensus Estimate for 2026 earnings indicates a year-over-year increase of 15.7%. The consensus estimate for 2026 earnings has moved 1.6% north in the past 30 days. WTW has a solid track record of beating earnings estimates in each of the last four quarters, with an average being 3.88%. The stock has gained 1.7% over the past year.
Price and Consensus: WTW
Arthur J. Gallagher: Headquartered in Itasca, IL, Arthur J. Gallagher, with a market capitalization of $65.48 billion, is the world’s largest property/casualty third-party claims administrator and the fourth largest among insurance brokers (based on revenues). AJG is poised to benefit from the growing contribution of its Brokerage and Risk Management segments. This, in turn, is driving organic revenues.
Given the number and size of its non-U.S. acquisitions, this insurer expects an increase in international contribution to total revenues. New business production and retention bode well for consistent growth. AJG expects total company organic growth of 6%, brokerage at 5.5% and risk management at 9% in 2026. AJG projects 2026 to be another year of excellent organic growth. Management cites a strong new business pipeline and improved premiums in reinsurance, retail, bond and specialty businesses as drivers.
Earnings of Arthur J. Gallagher have grown 18.1% in the past five years, better than the industry average of 13.9%. The expected long-term earnings growth rate is 14.6%. The Zacks Consensus Estimate for 2026 earnings indicates a 24.2% year-over-year increase. The consensus estimate for 2026 earnings has moved 0.4% north in the past 30 days. This insurance broker has beaten earnings estimates in two of the last four quarters, while missing in one and matching in one. The stock has lost 13.4% over the past year.
Price and Consensus: AJG
Aon: Dublin, Ireland-based Aon, with a market capitalization of $74.74 billion, offers risk management services, insurance and reinsurance brokerage, human resource consulting and outsourcing services worldwide. Aon benefits from disciplined cost control, restructuring initiatives and focused capital deployment, which are improving efficiency and scalability. Strategic acquisitions, selective divestitures and partnerships have expanded its global footprint and lifted return on capital.Earnings of Aon have grown 10.5% in the past five years, while the expected long-term earnings growth rate is 10.2%. The Zacks Consensus Estimate for 2026 earnings indicates an 11.6% year-over-year increase. The consensus estimate for 2026 earnings has moved 0.2% south in the past 30 days. This insurance broker has a solid track record of beating earnings estimates in each of the last four quarters, with an average of 2.72%. The stock has lost 5% over the past year.
Price and Consensus: AON
Brown & Brown: BRO, with a market capitalization of $23.77 billion and headquartered in Daytona Beach, FL, markets and sells insurance products and services primarily in the United States, as well as in London, Bermuda and the Cayman Islands. Brown & Brown’s impressive growth is driven by organic and inorganic means across its segments. Higher core commissions and fees, profit-sharing contingent commissions, guaranteed supplemental commissions, and investment income should continue to drive revenues. Growth from all lines of business through a combination of improving new business, solid retention, rate increases and modest exposure unit expansion will continue to drive the growth momentum going forward.
Earnings of Brown & Brown have grown 19.2% in the past five years, better than the industry average. The expected long-term earnings growth rate is 4.5%. The Zacks Consensus Estimate for 2026 earnings indicates a 5.6% year-over-year increase. BRO has a solid track record of beating earnings estimates in three of the last four quarters and missing in one, with an average of 5.04%. The stock has lost 25.9% over the past year.
LONDON, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Nearly half of the world's identified lithium resources are concentrated in South America's Lithium Triangle, making the region one of the most strategically important links in the global energy transition. New analysis from WTW (NASDAQ: WTW) and Cullen Hendrix at the Peterson Institute for International Economics, conducted by the Willis Research Network, shows how disruptions to trade, infrastructure or political stability across Chile, Argentina and Bolivia could trigger far-reaching consequences for businesses, investors and supply chains worldwide.
Empowered Funds LLC raised its stake in Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 71.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,696 shares of the company’s stock after acquiring an additional 3,616 shares during the period. Empowered Funds LLC’s holdings in Willis Towers Watson Public were worth $2,528,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of WTW. Brighton Jones LLC increased its position in shares of Willis Towers Watson Public by 4.7% during the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after purchasing an additional 61 shares in the last quarter. NewEdge Advisors LLC boosted its position in Willis Towers Watson Public by 7.6% in the first quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock valued at $875,000 after buying an additional 182 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Willis Towers Watson Public by 38.6% in the first quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock valued at $47,000 after buying an additional 39 shares in the last quarter. First Trust Advisors LP grew its stake in Willis Towers Watson Public by 12.6% during the second quarter. First Trust Advisors LP now owns 14,806 shares of the company’s stock worth $4,538,000 after buying an additional 1,659 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in Willis Towers Watson Public by 1.0% during the second quarter. Baird Financial Group Inc. now owns 9,273 shares of the company’s stock worth $2,842,000 after buying an additional 89 shares during the last quarter. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Willis Towers Watson Public from $382.00 to $405.00 and gave the company a “buy” rating in a research note on Monday. Weiss Ratings lowered Willis Towers Watson Public from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 15th. The Goldman Sachs Group raised their price target on Willis Towers Watson Public from $316.00 to $385.00 and gave the company a “buy” rating in a report on Monday. BMO Capital Markets upgraded Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $347.00 to $300.00 in a research report on Friday, May 1st. Finally, Citigroup reissued a “neutral” rating and issued a $345.00 price objective (up from $300.00) on shares of Willis Towers Watson Public in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $363.50.
View Our Latest Stock Report on WTW
Willis Towers Watson Public Stock Down 0.5% Shares of Willis Towers Watson Public stock opened at $338.07 on Thursday. The business has a fifty day simple moving average of $280.79 and a 200 day simple moving average of $286.86. The stock has a market cap of $31.40 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.97 and a beta of 0.42. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.74. Willis Towers Watson Public Limited Company has a 12 month low of $240.61 and a 12 month high of $352.79.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.12 by $0.23. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.42 billion. Willis Towers Watson Public had a return on equity of 22.19% and a net margin of 15.49%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.86 earnings per share. Research analysts predict that Willis Towers Watson Public Limited Company will post 19.8 EPS for the current year.
Willis Towers Watson Public Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 23.62%.
Willis Towers Watson Public Company Profile (Free Report)
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
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3 in 4 employers rank retirement savings as a high priority, while 4 in 5 are willing to use AI for plan analytics and monitoring August 03, 2026 09:58 ET | Source: Willis Towers Watson US LLC
NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- U.S. employers are facing a clear retirement readiness challenge: they value defined contribution (DC) plans, but many still lack a precise view of whether those plans are helping employees retire on time and with confidence. That is according to the WTW 2026 Defined Contribution Survey from WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. In the survey of 547 U.S. plan sponsors, 60% have a working definition of retirement readiness, split among income replacement (40%), retiring on time (39%) and retirement confidence (39%) (sponsors could select more than one option).
The finding underscores what WTW calls a retirement outcomes gap, now a growing business concern for employers. Employers are asking their DC plans to deliver more than ever: enhancing the employee experience (69%) and improving retirement outcomes (63%) top their objectives for the next two years, and three in four rank retirement savings as a core or top priority within total rewards. But many plans are still measured, governed and delivered for a different era, leaving a gap between what employers expect and what their plans are built to achieve. Sponsors are reassessing governance, resources and plan design to move beyond commitment to impact.
“The retirement outcomes gap is a call to action,” said Chris West, Senior Managing Director and Defined Contribution Strategy Leader, WTW. “Employers have invested heavily in retirement programs, but the next challenge is proving these programs are moving employees closer to retirement readiness. Advanced analytics can help sponsors see where gaps are emerging and what actions may matter most, leading to more impactful solutions and better outcomes.”
The survey shows where plans stall, and where employers are starting to act:
Averages hide the people at risk. Sponsors often monitor aggregate, plan-level metrics such as participation rates, but fewer break results down by employee group, where gaps in access, savings behavior and outcomes are often most visible.Plan design is being retooled for impact. Half of sponsors say minor or moderate retirement plan design updates are needed. As cost pressures persist, employers are looking for changes that make plans more relevant, flexible and aligned with retirement readiness goals.Plan governance continues to evolve. Closing the retirement outcomes gap will require many sponsors to rebalance time and resources spent on administration and governance. One in five sponsors are looking to delegate future delivery support, transferring administration and fiduciary responsibilities so their teams can spend more time on strategy focused on improving participant outcomes.Support stops before the finish line. Plans have gotten better at helping employees accumulate savings, but support diminishes when it matters most: the transition into retirement, when workers face critical decisions about their readiness and the prospective distribution and investment options that determine whether savings become sustainable income. To enhance support, 3 out of 10 sponsors are planning to offer an in-plan retirement income solution. The stakes extend beyond the benefits department. When employees do not feel ready to retire, they often do not, whatever their account balance says, and delayed retirements ripple into workforce planning, succession and talent costs. Employers in the survey consistently tie their retirement objectives to broader workforce goals, including attraction, retention and timely workforce transitions.
The retirement outcomes gap has new urgency as workers are increasingly confronted with large, abstract retirement savings targets. For many Americans, the workplace DC plan is their primary retirement vehicle, which puts employers at the center of translating those headline numbers into something a worker can act on.
“Headlines keep telling workers they need a specific amount of retirement savings. Even retirement professionals struggle to say what the numbers mean until they are translated into a monthly lifestyle,” said Dave Amendola, Managing Director and Intellectual Capital and Innovation Leader, Defined Contribution Strategy, WTW. “That is the gap employers are wrestling with: helping employees understand what their savings actually mean and supporting confident decisions that help convert an account balance into retirement income.”
Employers also see AI as part of the answer, in certain areas. Nearly four in five (79%) are willing to use artificial intelligence (AI) for plan analytics, 73% to automate routine processes and 72% to personalize employee communications. Willingness wanes as stakes rise: 37% for compliance and risk management, 33% for recordkeeper oversight and 29% for fiduciary governance, with data privacy and security the most common reservation (74%). The pattern reflects where accountability sits: sponsors are more comfortable when AI provides education, as opposed to when it touches fiduciary responsibilities.
“Employers are most comfortable using AI where it can make retirement programs more responsive, efficient and insight driven,” West said. “The opportunity is to use these tools to better engage participants, streamline administration and help sponsors understand where plan design, investment strategy and participant support can have the greatest impact.”
The survey suggests four steps for closing the retirement outcomes gap: define retirement readiness in measurable terms, use enhanced plan data and AI-enabled analytics to identify where support is needed, shift time and resources from administration toward outcomes, and extend more personalized support through the transition into retirement.
The complete findings are available in the WTW 2026 Defined Contribution Survey report.
About the survey
The WTW 2026 Defined Contribution Survey is based on responses from 547 U.S. employers that sponsor a defined contribution plan. Fieldwork was conducted between April 15 and May 22, 2026. Respondents skew large: over 60% hold at least $1 billion in DC plan assets, 42% have 10,000 or more employees, and 72% also manage a defined benefit plan.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success, and provide perspective that moves you. Learn more at wtwco.com.
Willis Towers Watson Public NASDAQ: WTW reported second-quarter 2026 organic revenue growth of 5%, adjusted operating margin expansion of 100 basis points and adjusted diluted earnings per share of $3.35, up 17% from the prior-year period.
Chief Executive Officer Carl Hess said the quarter reflected marketplace performance and cost discipline despite continued global market volatility. Risk & Broking led the company with 7% organic growth, while Health, Wealth & Career posted 4% growth. WTW’s adjusted operating margin was 19.5% in the quarter.
Chief Financial Officer Andrew Krasner said recent acquisitions contributed about three percentage points to reported revenue growth at both the enterprise and segment levels. The company also generated $360 million in free cash flow during the first six months of 2026, up from $217 million in the prior-year period.
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Propel plan targets AI-driven savings and margin gains WTW announced Propel, an AI acceleration plan expected to be completed by the end of 2028. The company expects the initiative to generate approximately $400 million in run-rate savings through an investment of about $625 million, plus roughly $25 million in non-cash charges. WTW plans to reinvest about $50 million of the savings into growth opportunities, resulting in projected net run-rate savings of $350 million.
“Propel is an acceleration of what’s already working for WTW,” Hess said during the call, describing the program as a way to reduce routine manual work and create more capacity for brokers, advisers and consultants to focus on client relationships, advice and new business.
Krasner said most of the program’s costs are expected in 2027 and 2028, though some spending will occur in 2026. Costs will flow through GAAP results but be excluded from the company’s adjusted non-GAAP measures. WTW said it will provide quarterly updates on the program’s costs and benefits.
The company expects Propel’s benefits to begin contributing meaningfully in 2027 and to build through 2028. WTW now targets an adjusted operating margin of approximately 30% at the enterprise level in 2028, including margins of about 35% for Health, Wealth & Career and 30% for Risk & Broking.
WTW said it expects a meaningful improvement in free cash flow margin after the plan concludes and related cash costs subside in 2029. The company said Propel does not change its 2026 guidance or near-term capital return plans.
Segment performance Health, Wealth & Career generated 4% organic revenue growth, with Health rising 8% on growth across regions, new business wins and project work. Wealth increased 2%, reflecting higher retirement-related activity. Career revenue was flat, as stronger communications, change and broad-based pay work was offset by weaker revenue in the Middle East amid ongoing conflict.
Hess said WTW absorbed a nearly 50% decline in Career project work in the Middle East. Outside the region, Career grew 3%, including high-single-digit growth outside North America. Benefits Delivery & Outsourcing grew 1%, as expanded outsourcing and administration work was partly offset by lower individual marketplace commissions outside the annual enrollment period.
Health, Wealth & Career’s adjusted operating margin increased 30 basis points to 24.1%. WTW maintained its outlook for mid-single-digit organic growth and continued margin expansion for the segment in 2026.
Risk & Broking grew 7% organically, with Corporate Risk & Broking also growing 7%. Krasner attributed the result to new business, double-digit growth in nearly all specialty businesses and strong client retention. North America led geographic growth, with strength in construction, natural resources, surety and mergers and acquisitions.
Insurance Consulting and Technology grew 6%, driven primarily by software sales and new business wins, including multiyear technology-practice deals. Risk & Broking’s operating margin rose 100 basis points to 22.2% on operating leverage and expense discipline. The company reiterated its expectations for mid-single-digit full-year growth and 100 basis points of margin expansion in the segment.
Technology deployment and market conditions WTW highlighted existing AI and automation deployments that it expects to expand through Propel. In Health, Wealth & Career, the company said its Rewards AI compensation intelligence tool now serves more than 5,000 client users. Its Violet suite of AI capabilities has served more than 12 million plan participants, while benefit decision-support use increased 52% and participant follow-ups declined 60%, according to Hess.
In Risk & Broking, WTW has incorporated Newfront’s Navigator system into its Neuron operating platform under the name Willis Navigator. Hess said schedules of insurance that previously took four hours can now be generated in about five minutes, while certain real estate premium allocations that historically took two to four weeks can be completed in minutes after receiving binders and final premiums.
The company said Newfront integration remains on track, with cost synergies modestly ahead of plan. Hess emphasized that Newfront synergies are separate from and additive to Propel savings. WTW also completed the acquisition of Italian regional insurance broker SMB Scala & Mansutti during the period.
WTW said it continues to see demand supported by healthcare inflation, regulatory change, technological advances, geopolitical tension and market volatility. However, management said softer labor conditions and the Middle East conflict have prompted some clients to defer discretionary projects, particularly in Career.
Capital returns and outlook WTW repurchased $450 million of shares during the second quarter and paid $90 million in quarterly cash dividends, or $0.96 per share. The company continues to expect at least $1 billion in full-year share repurchases, subject to market conditions and potential investment opportunities.
Krasner said foreign exchange provided a $0.06 tailwind to adjusted diluted earnings per share in the second quarter. Based on current outlook and spot rates, WTW expects an additional approximately $0.05 foreign-exchange tailwind in the second half, for an estimated full-year benefit of about $0.35.
Management reaffirmed its 2026 outlook for mid-single-digit enterprise organic growth, annual adjusted operating margin expansion and improving free cash flow.
About Willis Towers Watson Public (NASDAQ:WTW)Willis Towers Watson Public NASDAQ: WTW is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company's core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Willis Towers Watson Public Limited Company (WTW) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT
Company Participants
Carl A. Hess - CEO & Director
Andrew Krasner - CFO & Co-head of Corporate Development
Lucy Clarke - President of Risk & Broking
Julie Gebauer - President of Health, Wealth & Career
Conference Call Participants
Michael Zaremski - BMO Capital Markets Equity Research
Elyse Greenspan - Wells Fargo Securities, LLC, Research Division
Charles Peters - Raymond James & Associates, Inc., Research Division
Andrew Kligerman - TD Cowen, Research Division
Robert Cox - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Good morning. Welcome to the WTW Earnings Conference Call. Please refer to wtwco.com for the press release and supplemental information that were issued earlier today. Today's call is being recorded and will be available for the next 3 months on WTW's website.
Some of the comments in today's call may constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements unless required by law. For a more detailed discussion of these and other risk factors, investors should review the Forward-Looking Statements section of the earnings press release issued this morning as well as in the most recent Form 10-K and other subsequent WTW SEC filings.
During the call, certain non-GAAP financial measures may be discussed. To provide direct comparability with prior periods, all commentary regarding the company's revenue growth results will be on a non-GAAP organic basis unless specifically stated otherwise. For reconciliations of the non-GAAP measures as well as other information regarding these measures, please refer to the most recent earnings release and other materials in the Investor Relations section of the company's website.
Key Takeaways Willis Towers Watson beat Q2 earnings estimates on organic revenue growth and stronger operating margins. WTW's Risk & Broking led growth, while HWC gained from strong Health and Wealth performance. WTW expanded share buybacks and launched its Propel AI initiative targeting long-term cost savings. Willis Towers Watson Public Limited Company (WTW - Free Report) reported second-quarter 2026 adjusted earnings of $3.35 per share, beating the Zacks Consensus Estimate of $3.13 by 7%. Earnings increased 17% year over year.
Revenues rose 9% to $2.46 billion and surpassed the consensus estimate of $2.42 billion by 1.7%. Organic revenues grew 5%, supported by gains across both operating segments. Adjusted operating margin expanded despite higher transaction and integration costs.
WTW's Revenue Growth Stays Broad-BasedReported revenues increased from $2.26 billion in the prior-year quarter. Excluding foreign-currency movements, revenues advanced 8%. Acquisitions and divestitures contributed 3 percentage points to the quarterly change.
Adjusted EBITDA increased 13% year over year to $529 million. The related margin widened 70 basis points to 21.5%, reflecting improved operating leverage and stronger adjusted profitability.
The total costs of providing services increased 11% year over year to $2.1 billion due to higher salaries and benefits, other operating expenses, and amortization and transaction and integration expenses. Our estimate was pegged at $2 billion.
Willis Towers Expands HWC ProfitabilityHealth, Wealth & Career revenues increased 8% year over year to $1.27 billion. Our estimate was pegged at $1.26 billion. Revenues rose 7% on a constant-currency basis and 4% organically. Health generated organic growth across all regions, while Wealth benefited from higher retirement-related activity.
Career revenues were unchanged organically. Higher communications project and compensation work was offset by pressure in the Middle East. Benefits Delivery & Outsourcing gained from project activity, new client wins and regulatory work, partly offset by lower Individual Marketplace commissions.
The segment’s operating income rose 9% year over year to $306 million. Operating margin expanded 30 basis points to 24.1%, driven by expense discipline and improved operating leverage.
WTW's Risk & Broking Segment Leads GrowthRisk & Broking revenues advanced 11% to $1.16 billion. Our estimate was pegged at $1.12 billion. Constant-currency revenues increased 10%, while organic growth reached 7%, the stronger rate among WTW’s two operating segments.
Corporate Risk & Broking benefited from new business activity and strong client retention worldwide. Insurance Consulting and Technology recorded organic growth, primarily reflecting robust software sales in its Technology practice.
Segment operating income climbed 16% year over year to $258 million. Operating margin improved 100 basis points to 22.2% on operating leverage.
Willis Towers Balances Costs and Margin GainsAdjusted operating income increased 15% year over year to $480 million. Adjusted operating margin expanded 100 basis points to 19.5%, indicating that underlying profit growth outpaced the increase in revenues.
On a reported basis, income from operations declined 1% year over year to $364 million. Operating margin contracted 150 basis points to 14.8%, partly reflecting transaction and integration expenses of $61 million compared with $2 million a year earlier.
Net income fell 30% year over year to $231 million, while diluted GAAP earnings decreased 27% to $2.43 per share. The divergence from adjusted results reflected acquisition-related and other excluded items.
WTW Strengthens Cash Flow and Capital ReturnsOperating cash flow totaled $474 million during the first six months of 2026, up 45.4% from the prior-year period. Free cash flow increased 65.9% year over year to $360 million, primarily due to operating margin expansion.
WTW repurchased about 1.7 million shares for $450 million during the second quarter. The board also increased the company’s existing share-repurchase authorization by $1.5 billion, supplementing approximately $500 million remaining under the prior authority.
Cash and cash equivalents were $1.63 billion as of June 30, 2026, down 48.1% from the end of 2025. Long-term debt stood at $5.78 billion and grew 0.4% from year-end.
Willis Towers Launches Propel AI InitiativeWTW introduced Propel, an enterprise-wide plan designed to expand the use of artificial intelligence and automation through 2028. The initiative is intended to improve client service, support growth opportunities and streamline core processes.
The company expects to invest about $625 million in cash and incur $25 million of non-cash charges. Propel is targeted to generate roughly $400 million in run-rate savings. After reinvesting $50 million to support growth, WTW expects approximately $350 million in net run-rate savings.
Management is targeting an adjusted operating margin of approximately 30% in 2028. The company maintained its full-year 2026 financial considerations, including continued enterprise-level margin expansion and share repurchases of at least $1 billion, subject to market conditions.
WTW Provides 2026 GuidanceWTW expects continued adjusted operating margin expansion at the enterprise level.
Willis Towers expects Health, Wealth & Career organic revenues to be in the mid-single digits.
WTW expects Risk & Broking organic revenues to be in the mid-single digits.
In terms of the Newfront acquisition, WTW expects 2026 post-close revenue of $250 million and an adjusted EBITDA margin of 26%.
WTW expects Newfront’s Total Rewards business segment (42%) will be included in HWC and Newfront’s Business Insurance business segment (58%) will be included in R&B.
WTW expects share repurchases of $1 billion or greater, subject to market conditions and potential capital allocation to organic and inorganic investment opportunities.
WTW expects continual improvement in free cash flow margin primarily from operating margin expansion along with an evolving business mix.
Zacks RankWillis Towers Watson currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other InsurersBrown & Brown, Inc.’s (BRO - Free Report) second-quarter 2026 adjusted earnings of $1.07 per share missed the Zacks Consensus Estimate by 0.9%. The bottom line increased 3.9% year over year. Revenues of $1.67 billion missed the consensus mark by 2.9% but increased 30.4% year over year. Acquisition activity supported the top line, while organic revenues declined 0.7%.
Commissions and fees rose 32.4% to $1.65 billion, while investment and other income declined to $22 million from $36 million. Adjusted EBITDAC margin contracted 100 basis points to 35.7%. Adjusted net income attributable to the company increased 18.4% to $361 million.
Everest Group, Ltd. (EG - Free Report) reported second-quarter 2026 operating earnings of $14.85 per share, which beat the Zacks Consensus Estimate by 1.8%. The bottom line declined 14.5% year over year. Strong underwriting income from its core businesses supported the earnings beat. Operating revenues of $3.96 billion decreased 11.8% year over year and missed the consensus estimate by 2.9%.
Gross written premiums declined 19.4% year over year to $3.77 billion. Our estimate was $3.8 billion. Net premiums earned fell 12.6% to $3.49 billion, reflecting lower business volumes. Our estimate was $3.6 billion. Total claims and expenses fell 10.8% to $3.28 billion. Our estimate was $3.4 billion.
Arch Capital Group Ltd. (ACGL - Free Report) reported second-quarter 2026 operating income of $2.56 per share, which beat the Zacks Consensus Estimate by 2.8%. The bottom line decreased 0.8% year over year. Revenues of $4.43 billion declined 6.9% year over year and missed the consensus mark by 3.1%.
Gross premiums written declined 1.1% year over year to $6.13 billion. Net premiums written decreased 6.9% to $4.05 billion, reflecting lower volumes in the Insurance and Reinsurance segments. Net premiums earned fell 8.1% to $3.99 billion. Underwriting income fell 19.7% to $657 million.
For the quarter ended June 2026, Willis Towers Watson (WTW - Free Report) reported revenue of $2.47 billion, up 9.1% over the same period last year. EPS came in at $3.35, compared to $2.86 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.43 billion, representing a surprise of +1.56%. The company delivered an EPS surprise of +7.03%, with the consensus EPS estimate being $3.13.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Willis Towers Watson performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Health, Wealth and Career: $1.27 billion versus $1.26 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.Revenue- Reimbursable expenses and other: $30 million compared to the $29.99 million average estimate based on five analysts. The reported number represents a change of +25% year over year.Revenue- Segment Revenue: $2.43 billion versus $2.4 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.Revenue- Risk and Broking: $1.16 billion versus $1.13 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11.2% change.Segment Operating Income- Risk and Broking: $258 million versus $242.99 million estimated by five analysts on average.Segment Operating Income- Health, Wealth and Career: $306 million versus the five-analyst average estimate of $308.66 million.View all Key Company Metrics for Willis Towers Watson here>>>
Shares of Willis Towers Watson have returned +14.9% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Willis Towers Watson (WTW - Free Report) came out with quarterly earnings of $3.35 per share, beating the Zacks Consensus Estimate of $3.13 per share. This compares to earnings of $2.86 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +7.03%. A quarter ago, it was expected that this advisory, broking and solutions company would post earnings of $3.59 per share when it actually produced earnings of $3.72, delivering a surprise of +3.62%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Willis Towers Watson, which belongs to the Zacks Insurance - Brokerage industry, posted revenues of $2.47 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.56%. This compares to year-ago revenues of $2.26 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Willis Towers Watson shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 6.9%.
What's Next for Willis Towers Watson?While Willis Towers Watson has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Willis Towers Watson was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.57 on $2.49 billion in revenues for the coming quarter and $19.53 on $10.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, eToro Group Ltd. (ETOR - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.
This company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of +8.9%. The consensus EPS estimate for the quarter has been revised 17.4% higher over the last 30 days to the current level.
eToro Group Ltd.'s revenues are expected to be $225 million, up 7.3% from the year-ago quarter.
Revenue1 increased 9% from prior year to $2.5 billion for the quarterOrganic Revenue growth of 5% for the quarter Diluted Earnings per Share was $2.43 for the quarter, down 27% over prior yearAdjusted Diluted Earnings per Share was $3.35 for the quarter, up 17% over prior yearOperating Margin was 14.8% for the quarter, down 150 basis points from prior yearAdjusted Operating Margin was 19.5% for the quarter, up 100 basis points from prior yearAnnounced Propel, WTW's AI Acceleration Plan, to further scale AI and automation across WTW, targeting approximately 30% Adjusted Operating Margin2 in 2028 while positioning the Company for future growthIncreased existing share repurchase authority by $1.5 billion LONDON, July 30, 2026 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the second quarter ended June 30, 2026.
“WTW delivered solid second quarter results, reflecting business momentum and disciplined execution,” said Carl Hess, WTW’s Chief Executive Officer. “This performance underscores the meaningful progress we've made embedding AI and automation across our business, enabling us to deliver higher-value client solutions and a more compelling colleague experience. Propel, WTW's AI Acceleration Plan announced today, builds on that foundation and is intended to further accelerate performance and enhance efficiency, creating value for shareholders and further strengthening WTW's differentiated position in the market. We remain confident in delivering on our full-year 2026 guidance and achieving our new 2028 margin target.”
Consolidated Results
As reported, USD millions, except %
Key MetricsQ2-26Q2-25Y/Y ChangeRevenue1$2,466$2,261Reported 9% | CC 8% | Organic 5%Income from Operations$364$368(1)%Operating Margin %14.8%16.3%(150) bpsAdjusted Operating Income$480$41915%Adjusted Operating Margin %19.5%18.5%100 bpsNet Income$231$332(30)%Adjusted Net Income$316$28511%Diluted EPS$2.43$3.32(27)%Adjusted Diluted EPS$3.35$2.8617% 1The revenue amounts included in this release are presented on a U.S. GAAP basis except where stated otherwise. The segment discussion is on an organic basis.2See “WTW Non-GAAP Measures” below with respect to forward-looking non-GAAP measures.
Revenue was $2.47 billion for the second quarter of 2026, an increase of 9% compared to $2.26 billion for the same period in the prior year. Excluding the impact of foreign currency, revenue increased 8%. On an organic basis, revenue increased 5%. See Supplemental Segment Information for additional detail on book-of-business settlements and interest income included in revenue.
Net Income for the second quarter of 2026 was $231 million compared to $332 million in the prior-year second quarter. Adjusted EBITDA for the second quarter was $529 million, or 21.5% of revenue, an increase of 13%, compared to Adjusted EBITDA of $470 million, or 20.8% of revenue, in the prior-year second quarter. The U.S. GAAP tax rate for the second quarter was 19.8%, and the adjusted income tax rate for the second quarter used in calculating adjusted diluted earnings per share was 19.6%.
Cash Flow and Capital Allocation
Cash flows from operating activities were $474 million for the six months ended June 30, 2026, compared to $326 million in the prior year. Free cash flow for the six months ended June 30, 2026 and 2025 was $360 million and $217 million, respectively, an increase of $143 million. The increase was primarily driven by operating margin expansion. During the quarter ended June 30, 2026, the Company repurchased 1,733,574 of its outstanding shares for $450 million.
Second Quarter 2026 Segment Highlights
Health, Wealth & Career (“HWC”)
As reported, USD millions, except %
Health, Wealth & CareerQ2-26Q2-25Y/Y ChangeTotal Revenue$1,270$1,180Reported 8% | CC 7% | Organic 4%Operating Income$306$2809%Operating Margin %24.1%23.8%30 bps
The HWC segment had revenue of $1.27 billion in the second quarter of 2026, an increase of 8% (7% increase constant currency and organic growth of 4%) from $1.18 billion in the prior year. Health delivered organic revenue growth with positive contributions from all regions. Wealth generated organic revenue growth supported by higher levels of retirement work across all regions. Career revenue was flat on an organic basis as increased levels of communications project work and broad-based pay work were offset by constrained revenue in the Middle East due to the ongoing conflict. Benefits Delivery & Outsourcing (BD&O) revenue increased organically as expanded project work, new client wins and regulatory driven work in Outsourcing were partially offset by lower commissions in Individual Marketplace.
Operating margin in the HWC segment increased 30 basis points from the prior-year second quarter to 24.1%. The increase was primarily driven by improved operating leverage and expense discipline.
Risk & Broking (“R&B”)
As reported, USD millions, except %
Risk & BrokingQ2-26Q2-25Y/Y ChangeTotal Revenue$1,164$1,047Reported 11% | CC 10% | Organic 7%Operating Income$258$22216%Operating Margin %22.2%21.2%100 bps
The R&B segment had revenue of $1.16 billion in the second quarter of 2026, an increase of 11% (10% increase constant currency and organic growth of 7%) from $1.05 billion in the prior year. Corporate Risk & Broking (CRB) had organic revenue growth driven by new business activity and strong client retention globally. Insurance Consulting and Technology (ICT) delivered organic revenue growth primarily from strong software sales in the Technology practice.
Operating margin in the R&B segment increased 100 basis points from the prior-year second quarter to 22.2%. The increase was primarily driven by operating leverage.
Share Repurchase Program
Today, the Company announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $1.5 billion. The $1.5 billion increase is in addition to the approximately $500 million remaining on the current open-ended repurchase authority. The Company is authorized to repurchase shares, by way of redemption or otherwise, and will consider whether to do so from time to time, based on many factors, including market and economic conditions, applicable legal requirements and other business considerations.
Propel
Concurrent with its second quarter results, WTW announced Propel to embed artificial intelligence and automation across the enterprise, expected to be completed by the end of 2028. Supported by the Company's ongoing investments in AI, data and technology, including the acquisition of Newfront, Propel is expected to enhance client service and create additional opportunities for growth as well as streamline core operating processes. WTW expects these efforts to accelerate performance and enhance efficiency, reinforcing WTW's strengths.
The Company expects to invest approximately $625 million of cash and incur approximately $25 million in non-cash charges to generate approximately $400 million in run-rate savings, delivering a cash-cost-to-achieve ratio of approximately 1.6 times. After reinvesting approximately $50 million to support growth, the Company expects to deliver approximately $350 million in net run-rate savings and approximately 30% adjusted operating margin in 2028. The Company’s full-year 2026 guidance remains unchanged. Please refer to the most recent supplemental slides in the Investor Relations section of the Company's website for further details.
Select 2026 Financial Considerations
Adjusted operating margin:
Continued annual margin expansion at the enterprise level driven by: ~100 basis points of annual margin expansion in R&BIncremental annual margin expansion in HWC
Segment organic revenue:
Expected to be a headwind on Adjusted Diluted EPS of ~$0.30The remaining equity investments in the interest in earnings of associates line are not expected to be material in 2026 Newfront acquisition:
Expected to be ~$0.10 dilutive to Adjusted EPS in 2026Expected 2026 post-close revenue of ~$250M and an adjusted EBITDA margin of ~26%Newfront’s Total Rewards business segment (~42%) will be included in HWC and Newfront’s Business Insurance business segment (~58%) will be included in R&B
Capital allocation:
Expect share repurchases of $1.0B or greater, subject to market conditions and potential capital allocation to organic and inorganic investment opportunities
Free cash flow:
Continual improvement in FCF margin primarily from operating margin expansion along with evolving our business mix
Foreign exchange:
Expect an incremental foreign currency tailwind on Adjusted Diluted EPS of ~$0.05 for the remainder of 2026, resulting in a ~$0.35 tailwind for the full year 2026 at today's rates The 2026 Financial Considerations above include Non-GAAP financial measures. We do not reconcile forward-looking Non-GAAP measures for reasons explained under "WTW Non-GAAP Measures" below.
Conference Call
The Company will host a conference call to discuss the financial results for the second quarter 2026, including an update on strategic priorities. It will be held on Thursday, July 30, 2026, beginning at 9:00 a.m. Eastern Time. A live, listen-only webcast of the conference call will be available on WTW’s website. Analysts and institutional investors may participate in the conference call’s question-and-answer session by registering in advance here. An online replay will be available at investors.wtwco.com shortly after the call concludes.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at www.wtwco.com.
WTW Non-GAAP Measures
In order to assist readers of our consolidated financial statements in understanding the core operating results that WTW’s management uses to evaluate the business and for financial planning, we present the following non-GAAP measures: (1) Constant Currency Change, (2) Organic Change, (3) Adjusted Operating Income/Margin, (4) Adjusted EBITDA/Margin, (5) Adjusted Net Income, (6) Adjusted Diluted Earnings Per Share, (7) Adjusted Income Before Taxes, (8) Adjusted Income Taxes/Tax Rate, (9) Free Cash Flow and (10) Free Cash Flow Margin.
We believe that those measures are relevant and provide pertinent information widely used by analysts, investors and other interested parties in our industry to provide a baseline for evaluating and comparing our operating performance, and in the case of free cash flow, our liquidity results.
Within the measures referred to as ‘adjusted’, we adjust for significant items which will not be settled in cash, or which we believe to be items that are not core to our current or future operations. Some of these items may not be applicable for the current quarter, however they may be part of our full-year results. Additionally, we have historically adjusted for certain items which are not described below, but for which we may adjust in a future period when applicable. Items applicable to the quarter or full year results, or the comparable periods, include the following:
Transaction and integration expenses – Management believes it is appropriate to adjust for significant acquisition-related transaction and integration expenses including changes in significant estimated acquisition earnouts payable and acquisition-related compensation charges. We believe the adjustment is necessary to present how the Company is performing, both now and in the future when the incurrence of these costs will have concluded.Gains and losses on disposals of operations – Adjustment to remove the gains or losses resulting from disposed operations that have not been classified as discontinued operations.Net periodic pension and postretirement benefits – Adjustment to remove the recognition of net periodic pension and postretirement benefits (including pension settlements), other than service costs.
We evaluate our revenue on an as reported (U.S. GAAP), constant currency and organic basis. We believe presenting constant currency and organic information provides valuable supplemental information regarding our comparable results, consistent with how we evaluate our performance internally.
We consider Constant Currency Change, Organic Change, Adjusted Operating Income/Margin, Adjusted EBITDA/Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, Adjusted Income Before Taxes, Adjusted Income Taxes/Tax Rate and Free Cash Flow to be important financial measures, which are used to internally evaluate and assess our core operations and to benchmark our operating and liquidity results against our competitors. These non-GAAP measures are important in illustrating what our comparable operating and liquidity results would have been had we not incurred transaction-related and non-recurring items. Reconciliations of these measures are included in the accompanying tables with the following exception: The Company does not reconcile its forward-looking non-GAAP financial measures to the corresponding U.S. GAAP measures, due to variability and difficulty in making accurate forecasts and projections and/or certain information not being ascertainable or accessible; and because not all of the information, such as foreign currency impacts necessary for a quantitative reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure, is available to the Company without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The Company provides non-GAAP financial measures that it believes will be achieved, however it cannot accurately predict all of the components of the adjusted calculations and the U.S. GAAP measures may be materially different than the non-GAAP measures.
Our non-GAAP measures and their accompanying definitions are presented as follows:
Constant Currency Change – Represents the year-over-year change in revenue excluding the impact of foreign currency fluctuations. To calculate this impact, the prior-year local currency results are first translated using the current year monthly average exchange rates. The change is calculated by comparing the prior year revenue, translated at the current year monthly average exchange rates, to the current year as reported revenue, for the same period. We believe constant currency measures provide useful information to investors because they provide transparency to performance by excluding the effects that foreign currency exchange rate fluctuations have on period-over-period comparability given volatility in foreign currency exchange markets.
Organic Change – Excludes the impact of fluctuations in foreign currency exchange rates, as described above and the period-over-period impact of acquisitions and divestitures on current-year revenue. We believe that excluding transaction-related items from our U.S. GAAP financial measures provides useful supplemental information to our investors, and it is important in illustrating what our core operating results would have been had we not included these transaction-related items, since the nature, size and number of these transaction-related items can vary from period to period.
Adjusted Operating Income/Margin – Income from operations adjusted for amortization, transaction and integration and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted operating income margin is calculated by dividing adjusted operating income by revenue. We consider adjusted operating income/margin to be important financial measures, which are used internally to evaluate and assess our core operations and to benchmark our operating results against our competitors.
Adjusted EBITDA/Margin – Net Income adjusted for provision for income taxes, interest expense, depreciation and amortization, transaction and integration, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted EBITDA Margin is calculated by dividing adjusted EBITDA by revenue. We consider adjusted EBITDA/margin to be important financial measures, which are used internally to evaluate and assess our core operations, to benchmark our operating results against our competitors and to evaluate and measure our performance-based compensation plans.
Adjusted Net Income – Net Income Attributable to WTW adjusted for amortization, transaction and integration, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results and the related tax effect of those adjustments and the tax effects of significant adjustments. This measure is used solely for the purpose of calculating adjusted diluted earnings per share.
Adjusted Diluted Earnings Per Share – Adjusted Net Income divided by the weighted-average number of ordinary shares, diluted. Adjusted diluted earnings per share is used to internally evaluate and assess our core operations and to benchmark our operating results against our competitors.
Adjusted Income Before Taxes – Income from operations before income taxes and interest in earnings of associates adjusted for amortization, transaction and integration, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted income before taxes is used solely for the purpose of calculating the adjusted income tax rate.
Adjusted Income Taxes/Tax Rate – Provision for income taxes adjusted for taxes on certain items of amortization, transaction and integration, gains and losses on disposals of operations, net periodic pension and postretirement benefits, the tax effects of significant adjustments and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results, divided by adjusted income before taxes. Adjusted income taxes is used solely for the purpose of calculating the adjusted income tax rate. Management believes that the adjusted income tax rate presents a rate that is more closely aligned to the rate that we would incur if not for the reduction of pre-tax income for the adjusted items and the tax effects of significant adjustments, which are not core to our current and future operations.
Free Cash Flow – Cash flows from operating activities less cash used to purchase fixed assets and software. Management believes that free cash flow presents the core operating performance and cash-generating capabilities of our business operations.
Free Cash Flow Margin – Free Cash Flow as a percentage of revenue, which represents how much of revenue would be realized on a cash basis. We consider this measure to be a meaningful metric for tracking cash conversion on a year-over-year basis due to the non-cash nature of our pension income, which is included in our GAAP and Non-GAAP earnings metrics presented herein.
These non-GAAP measures are not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies. Non-GAAP measures should be considered in addition to, and not as a substitute for, the information contained within our condensed consolidated financial statements.
WTW Forward-Looking Statements
We have included in this document ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations or certain considerations relating to our future results. All statements, other than statements of historical facts, that address activities, events or developments that we expect or anticipate may occur in the future, including such things as: our outlook; the potential impact of natural or man-made disasters like health pandemics and other world health crises; the impact of macroeconomic trends, including inflation, changes in interest rates, trade policies and other geopolitical risks; future capital expenditures; ongoing working capital efforts; future share repurchases; financial results (including our revenue, costs or margins) and the impact of changes to tax laws on our financial results; existing and evolving business strategies; our indebtedness; our ability to execute strategic transactions, including both acquisitions and dispositions, including our ability to receive adequate consideration or any earnout proceeds in return for any dispositions or integrate or manage acquired businesses (such as our recent acquisitions of Newfront Insurance Holdings, Inc. and Cushon) or effect internal reorganizations; demand for our services and competitive strengths; strategic goals; the benefits of new initiatives or investments in technology; growth of our business and operations; the sustained health of our product, service, transaction, client, and talent assessment and management pipelines; our ability to successfully manage ongoing leadership, organizational and technology changes, including investments in improving systems and processes; our ability to implement and realize anticipated benefits of any cost-savings or investment initiatives including our newly launched artificial intelligence acceleration plan (the ‘Plan’); our cybersecurity and privacy processes; our application of artificial intelligence technologies throughout our business and our ability to compete with artificial intelligence technologies offered by new or existing competitors; our ability to protect our intellectual property; our compliance with laws and regulations; risks associated with being an Irish-incorporated company; our recognition of future impairment charges; and plans and references to future successes, including our future financial and operating results, short-term and long-term financial goals, plans, objectives, expectations and intentions, including with respect to free cash flow generation, adjusted net income, adjusted operating margin and adjusted earnings per share, are forward-looking statements. Also, when we use words such as ‘may’, ‘will’, ‘would’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘continues’, ‘seek’, ‘target’, ‘goal’, ‘focus’, ‘probably’, or similar expressions, we are making forward-looking statements. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. All forward-looking disclosure is speculative by its nature.
There are important risks, uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following: our ability to successfully establish, execute and achieve our global business strategy as it evolves; our ability to fully realize the anticipated benefits of our growth strategy, including inorganic growth through acquisitions; our ability to achieve our short-term and long-term financial goals, such as with respect to our cash flow generation, and the timing with respect to such achievement; the risks related to changes in general economic conditions, business and political conditions, changes in the financial markets, inflation, credit availability, increased interest rates, changes in trade policies, increased tariffs and retaliatory actions; the risks to our short-term and long-term financial goals from any of the risks or uncertainties set forth herein; the risks relating to the adverse impacts of macroeconomic trends, including those relating to changes in trade policies and tariffs, as well as political events, war, such as the Russia-Ukraine war and conflict in the Middle East, and other international disputes, terrorism, natural disasters, public health issues and other business interruptions on the global economy and capital markets, such as uncertainty in the global markets, inflation, changes in interest rates and recessionary trends, changes in spending by government agencies and contractors, which could have a material adverse effect on our business, financial condition, results of operations and long-term goals; our ability to successfully hedge against fluctuations in foreign currency rates; the risks relating to the adverse impacts of natural or man-made disasters such as health pandemics and other world health crises on the demand for our products and services, our cash flows and our business operations; material interruptions to or loss of our information processing capabilities, or failure to effectively maintain and upgrade our information technology resources and systems; the insufficiency of client data protection, potential breaches of information systems or insufficient safeguards against cybersecurity breaches or incidents; our ability to comply with complex and evolving regulations related to data privacy, cybersecurity and artificial intelligence; significant competition that we face and the potential for loss of market share and/or profitability; the impact of seasonality and differences in timing of renewals and non-recurring revenue increases from disposals and book-of-business sales; the risk of increased liability or new legal claims arising from our new and existing products and services, and expectations, intentions and outcomes relating to outstanding litigation; the risk of substantial negative outcomes on existing or potential future litigation or investigation matters; changes in the regulatory environment in which we operate, including, among other risks, the impacts of pending competition law and regulatory investigations; various claims, government inquiries or investigations or the potential for regulatory action; our ability to make divestitures or acquisitions, including our ability to integrate or manage acquired businesses or carve-out businesses to be disposed, as well as our ability to identify and successfully execute on opportunities for strategic collaboration; our ability to integrate direct-to-consumer sales and marketing solutions with our existing offerings and solutions; our ability to successfully manage ongoing organizational changes, including as a result of our investments in improving systems and processes or other initiatives, and in connection with our acquisition and divestiture activities; the risks relating to the implementation of the Plan; disasters or business continuity problems; our ability to successfully enhance our billing, collection and other working capital efforts, and thereby increase our free cash flow; our ability to properly identify and manage conflicts of interest; reputational damage, including from association with third parties; reliance on third-party service providers and suppliers; risks relating to changes in our management structures and in senior leadership; the loss of key employees or a large number of employees and rehiring rates; our ability to maintain our corporate culture; doing business internationally, including the impact of global trade policies and retaliatory considerations as well as foreign currency exchange rates; compliance with extensive government regulation; the risk of sanctions imposed by governments, or changes to associated sanction regulations and related counter-sanctions; our ability to effectively apply technology, data and analytics solutions, including through the use of artificial intelligence, for internal operations, maintaining industry standards, meeting client preferences and gaining competitive advantage, among other things; changes and developments in the insurance industry or the U.S. healthcare system, including those related to Medicare, and any other changes and developments in legal, regulatory, economic, business or operational conditions that could impact our businesses; the inability to protect our intellectual property rights, or the potential infringement upon the intellectual property rights of others; fluctuations in our pension assets and liabilities and related changes in pension income, including as a result of, related to, or derived from movements in the interest rate environment, investment returns, inflation, or changes in other assumptions that are used to estimate our benefit obligations and their effect on adjusted earnings per share; our capital structure, including indebtedness amounts, the limitations imposed by the covenants in the documents governing such indebtedness and the maintenance of the financial and disclosure controls and procedures of each; our ability to obtain financing on favorable terms or at all; adverse changes in our credit ratings; the impact of recent or potential changes to applicable U.S. state, federal and/or foreign laws, rules and regulations, recent judicial decisions and case law developments, and any other relevant policy changes and legislative actions, including the ‘Act to provide for reconciliation pursuant to title II of H. Con. Res. 14’ (‘H.R. 1’) signed into law on July 4, 2025, on our business, operations or results; the impact of recent or potential changes in state, federal, and/or foreign tax laws and regulations, including those that may impose additional excise taxes or impact our effective tax rate, including H.R. 1; U.S. federal income tax consequences to U.S. persons owning at least 10% of our shares; changes in accounting principles, estimates or assumptions; our recognition of future impairment charges; risks relating to or arising from environmental, social and governance (‘ESG’) practices; fluctuation in revenue against our relatively fixed or higher-than-expected expenses; the risk that investment levels across our portfolio increase, which can amplify the impact of market downturns; the laws of Ireland being different from the laws of the U.S. and potentially affording less protections to the holders of our securities; and our holding company structure potentially preventing us from being able to receive dividends or other distributions in needed amounts from our subsidiaries.
The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information, please see Part I, Item 1A in our Annual Report on Form 10-K, and our subsequent filings with the SEC. Copies are available online at http://www.sec.gov or www.wtwco.com.
Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.
Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. With regard to these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.
WTW
Supplemental Segment Information
(In millions of U.S. dollars)
(Unaudited)
REVENUE Components of Revenue Change(i) Less: Less: Three Months Ended
June 30, As Reported Currency Constant Currency Acquisitions/ Organic 2026 2025 % Change Impact Change Divestitures Change Health, Wealth & Career Revenue excluding interest income $1,263 $1,173 8% 1% 7% 3% 4%Interest income 7 7 Total 1,270 1,180 8% 1% 7% 3% 4% Risk & Broking Revenue excluding interest income $1,140 $1,024 11% 1% 10% 3% 7%Interest income 24 23 Total 1,164 1,047 11% 1% 10% 3% 7% Segment Revenue $2,434 $2,227 9% 1% 8% 3% 5%Corporate, reimbursable expenses and other 30 24 Interest income 2 10 Revenue $2,466 $2,261 9% 1% 8% 3% 5%(ii) Components of Revenue Change(i) Less: Less: Six Months Ended
June 30, As Reported Currency Constant Currency Acquisitions/ Organic 2026 2025 % Change Impact Change Divestitures Change Health, Wealth & Career Revenue excluding interest income $2,520 $2,331 8% 2% 6% 2% 3%Interest income 15 14 Total 2,535 2,345 8% 2% 6% 2% 3% Risk & Broking Revenue excluding interest income $2,231 $2,029 10% 4% 6% 2% 4%Interest income 49 45 Total 2,280 2,074 10% 4% 6% 2% 4% Segment Revenue $4,815 $4,419 9% 3% 6% 2% 4%Corporate, reimbursable expenses and other 54 45 Interest income 9 20 Revenue $4,878 $4,484 9% 3% 6% 2% 4%(ii) (i) Components of revenue change may not add due to rounding.
(ii) Interest income did not contribute to organic change for the three and six months ended June 30, 2026.
BOOK-OF-BUSINESS SETTLEMENTS AND INTEREST INCOME
Three Months Ended June 30, HWC R&B Corporate Total 2026 2025 2026 2025 2026 2025 2026 2025 Book-of-business settlements $1 $— $3 $3 $— $— $4 $3 Interest income 7 7 24 23 2 10 33 40 Total $8 $7 $27 $26 $2 $10 $37 $43 Six Months Ended June 30, HWC R&B Corporate Total 2026 2025 2026 2025 2026 2025 2026 2025 Book-of-business settlements $2 $2 $10 $3 $— $— $12 $5 Interest income 15 14 49 45 9 20 73 79 Total $17 $16 $59 $48 $9 $20 $85 $84
SEGMENT OPERATING INCOME (i)
Three Months Ended
June 30, 2026 2025 Health, Wealth & Career $306 $280 Risk & Broking 258 222 Segment Operating Income $564 $502 Six Months Ended
June 30, 2026 2025 Health, Wealth & Career $652 $591 Risk & Broking 510 448 Segment Operating Income $1,162 $1,039 (i) Segment operating income excludes certain costs, including amortization of intangibles, transaction and integration expenses, and to the extent that the actual expense based upon which allocations are made differs from the forecast/budget amount, a reconciling item will be created between internally-allocated expenses and the actual expenses reported for U.S. GAAP purposes.
SEGMENT OPERATING MARGINS
Three Months Ended June 30, 2026 2025Health, Wealth & Career 24.1% 23.8%Risk & Broking 22.2% 21.2% Six Months Ended June 30, 2026 2025Health, Wealth & Career 25.7% 25.2%Risk & Broking 22.4% 21.6%
RECONCILIATIONS OF SEGMENT OPERATING INCOME TO INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES
Three Months Ended June 30, 2026 2025 Segment Operating Income $564 $502 Amortization (55) (49)Transaction and integration expenses(i) (61) (2)Unallocated, net(ii) (84) (83)Income from Operations 364 368 Interest expense (78) (64)Other income, net 6 9 Income from operations before income taxes
and interest in earnings of associates $292 $313 Six Months Ended June 30, 2026 2025 Segment Operating Income $1,162 $1,039 Amortization (103) (97)Transaction and integration expenses(i) (102) (2)Unallocated, net(ii) (145) (140)Income from Operations 812 800 Interest expense (155) (129)Other income/(loss), net 11 (55)Income from operations before income taxes
and interest in earnings of associates $668 $616 (i) Primarily includes share-based compensation and other transaction-related costs attributable to our Newfront acquisition.
(ii) Includes certain costs, primarily related to corporate functions which are not directly related to the segments, and certain differences between budgeted expenses determined at the beginning of the year and actual expenses that we report for U.S. GAAP purposes.
WTW
Reconciliations of Non-GAAP Measures
(In millions of U.S. dollars, except per share data)
(Unaudited) RECONCILIATIONS OF NET INCOME ATTRIBUTABLE TO WTW TO ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended June 30, 2026 2025 Net income attributable to WTW $229 $331 Adjusted for certain items: Amortization 55 49 Transaction and integration expenses 61 2 Net periodic pension and postretirement benefits (8) (13)Tax effect on certain items listed above(i) (21) (10)Tax effect of significant adjustments — (74)Adjusted Net Income $316 $285 Weighted-average ordinary shares, diluted 94 100 Diluted Earnings Per Share $2.43 $3.32 Adjusted for certain items:(ii) Amortization 0.58 0.49 Transaction and integration expenses 0.65 0.02 Net periodic pension and postretirement benefits (0.08) (0.13)Tax effect on certain items listed above(i) (0.22) (0.10)Tax effect of significant adjustments — (0.74)Adjusted Diluted Earnings Per Share(ii) $3.35 $2.86 Six Months Ended June 30, 2026 2025 Net income attributable to WTW $526 $566 Adjusted for certain items: Amortization 103 97 Transaction and integration expenses 102 2 Net periodic pension and postretirement benefits (14) 62 Gain on disposal of operations — (14)Tax effect on certain items listed above(i) (44) (38)Tax effect of significant adjustments — (74)Adjusted Net Income $673 $601 Weighted-average ordinary shares, diluted 95 100 Diluted Earnings Per Share $5.53 $5.64 Adjusted for certain items:(ii) Amortization 1.08 0.97 Transaction and integration expenses 1.07 0.02 Net periodic pension and postretirement benefits (0.15) 0.62 Gain on disposal of operations — (0.14)Tax effect on certain items listed above(i) (0.46) (0.38)Tax effect of significant adjustments — (0.74)Adjusted Diluted Earnings Per Share(ii) $7.07 $5.99 (i) The tax effect was calculated using an effective tax rate for each item.
(ii) Per share values and totals may differ due to rounding.
RECONCILIATIONS OF NET INCOME TO ADJUSTED EBITDA Three Months Ended June 30, 2026 2025 Net income $231 9.4%$332 14.7%Provision for/(benefit from) income taxes 57 (21) Interest expense 78 64 Depreciation 55 57 Amortization 55 49 Transaction and integration expenses 61 2 Net periodic pension and postretirement benefits (8) (13) Adjusted EBITDA and Adjusted EBITDA Margin $529 21.5%$470 20.8% Six Months Ended June 30, 2026 2025 Net income $534 10.9%$571 12.7%Provision for income taxes 127 44 Interest expense 155 129 Depreciation 111 111 Amortization 103 97 Transaction and integration expenses 102 2 Net periodic pension and postretirement benefits (14) 62 Gain on disposal of operations — (14) Adjusted EBITDA and Adjusted EBITDA Margin $1,118 22.9%$1,002 22.3% RECONCILIATIONS OF INCOME FROM OPERATIONS TO ADJUSTED OPERATING INCOME Three Months Ended June 30, 2026 2025 Income from operations and Operating margin $364 14.8%$368 16.3%Adjusted for certain items: Amortization 55 49 Transaction and integration expenses 61 2 Adjusted operating income and Adjusted operating income margin $480 19.5%$419 18.5% Six Months Ended June 30, 2026 2025 Income from operations and Operating margin $812 16.6%$800 17.8%Adjusted for certain items: Amortization 103 97 Transaction and integration expenses 102 2 Adjusted operating income and Adjusted operating income margin $1,017 20.8%$899 20.0% RECONCILIATIONS OF GAAP INCOME TAXES/TAX RATE TO ADJUSTED INCOME TAXES/TAX RATE Three Months Ended June 30, 2026 2025 Income from operations before income taxes and interest in earnings of associates $292 $313 Adjusted for certain items: Amortization 55 49 Transaction and integration expenses 61 2 Net periodic pension and postretirement benefits (8) (13)Adjusted income before taxes $400 $351 Provision for/(benefit from) income taxes $57 $(21)Tax effect on certain items listed above(i) 21 10 Tax effect of significant adjustments — 74 Adjusted income taxes $78 $63 U.S. GAAP tax rate 19.8% (6.8)%Adjusted income tax rate 19.6% 18.0% Six Months Ended June 30, 2026 2025 Income from operations before income taxes and interest in earnings of associates $668 $616 Adjusted for certain items: Amortization 103 97 Transaction and integration expenses 102 2 Net periodic pension and postretirement benefits (14) 62 Gain on disposal of operations — (14)Adjusted income before taxes $859 $763 Provision for income taxes $127 $44 Tax effect on certain items listed above(i) 44 38 Tax effect of significant adjustments — 74 Adjusted income taxes $171 $156 U.S. GAAP tax rate 19.1% 7.1%Adjusted income tax rate 19.7% 20.5% (i) The tax effect was calculated using an effective tax rate for each item.
RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW Six Months Ended June 30, 2026 2025 Cash flows from operating activities $474 $326 Less: Additions to fixed assets and software (114) (109)Free Cash Flow $360 $217 WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
Condensed Consolidated Statements of Income
(In millions of U.S. dollars, except per share data)
(Unaudited) Three Months Ended
June 30, Six Months Ended
June 30, 2026 2025 2026 2025 Revenue $2,466 $2,261 $4,878 $4,484 Costs of providing services Salaries and benefits 1,551 1,449 2,985 2,773 Other operating expenses 380 336 765 701 Depreciation 55 57 111 111 Amortization 55 49 103 97 Transaction and integration expenses 61 2 102 2 Total costs of providing services 2,102 1,893 4,066 3,684 Income from operations 364 368 812 800 Interest expense (78) (64) (155) (129)Other income/(loss), net 6 9 11 (55) INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES 292 313 668 616 (Provision for)/benefit from income taxes (57) 21 (127) (44) INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES 235 334 541 572 Interest in earnings of associates, net of tax (4) (2) (7) (1) NET INCOME 231 332 534 571 Income attributable to non-controlling interests (2) (1) (8) (5) NET INCOME ATTRIBUTABLE TO WTW $229 $331 $526 $566 EARNINGS PER SHARE Basic earnings per share $2.43 $3.34 $5.55 $5.68 Diluted earnings per share $2.43 $3.32 $5.53 $5.64 Weighted-average ordinary shares, basic 94 99 95 100 Weighted-average ordinary shares, diluted 94 100 95 100 WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
Condensed Consolidated Balance Sheets
(In millions of U.S. dollars, except share data)
(Unaudited) June 30, December 31, 2026 2025 ASSETS Cash and cash equivalents $1,627 $3,132 Fiduciary assets 11,846 10,445 Accounts receivable, net 2,603 2,702 Prepaid and other current assets 669 595 Total current assets 16,745 16,874 Fixed assets, net 675 695 Goodwill 9,735 8,938 Other intangible assets, net 1,444 1,141 Right-of-use assets 474 487 Pension benefits assets 558 529 Other non-current assets 928 866 Total non-current assets 13,814 12,656 TOTAL ASSETS $30,559 $29,530 LIABILITIES AND EQUITY Fiduciary liabilities $11,846 $10,445 Deferred revenue and accrued expenses 1,766 2,087 Current debt 749 550 Current lease liabilities 117 125 Other current liabilities 767 797 Total current liabilities 15,245 14,004 Long-term debt 5,781 5,756 Liability for pension benefits 610 660 Provision for liabilities 359 340 Long-term lease liabilities 454 472 Other non-current liabilities 340 246 Total non-current liabilities 7,544 7,474 TOTAL LIABILITIES 22,789 21,478 COMMITMENTS AND CONTINGENCIES EQUITY(i) Additional paid-in capital 11,236 11,106 Accumulated deficit (699) (296)Accumulated other comprehensive loss, net of tax (2,849) (2,834)Total WTW shareholders' equity 7,688 7,976 Non-controlling interests 82 76 Total Equity 7,770 8,052 TOTAL LIABILITIES AND EQUITY $30,559 $29,530 ______________
(i) Equity includes (a) Ordinary shares $0.000304635 nominal value; Authorized 1,510,003,775; Issued 93,003,869 (2026) and 95,079,835 (2025); Outstanding 93,003,869 (2026) and 95,079,835 (2025) and (b) Preference shares, $0.000115 nominal value; Authorized 1,000,000,000 and Issued none in 2026 and 2025.
WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
Condensed Consolidated Statements of Cash Flows
(In millions of U.S. dollars)
(Unaudited) Six Months Ended June 30, 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES NET INCOME $534 $571 Adjustments to reconcile net income to total net cash from operating activities: Depreciation 111 111 Amortization 103 97 Non-cash lease expense 50 47 Net periodic cost of defined benefit pension plans 14 94 Provision for doubtful receivables from clients 10 7 Benefit from deferred income taxes (42) (70)Share-based compensation 109 68 Gain on disposal of operations — (14)Non-cash foreign exchange (gain)/loss (16) 30 Other, net 31 18 Changes in operating assets and liabilities, net of effects from purchase of subsidiaries: Accounts receivable 121 225 Other assets (97) (99)Other liabilities (475) (778)Provisions 21 19 Net cash from operating activities 474 326 CASH FLOWS (USED IN)/FROM INVESTING ACTIVITIES Additions to fixed assets and software (114) (109)Acquisitions of operations, net of cash acquired (1,039) (14)Contributions to investments in associates (23) (8)Net proceeds from sale of operations — 836 Net purchases of held-to-maturity securities — (50)Net purchases of available-for-sale securities — (43)Net cash (used in)/from investing activities (1,176) 612 CASH FLOWS USED IN FINANCING ACTIVITIES Borrowing of other debt 775 — Debt issuance costs (4) — Repayments of debt (552) (2)Repurchase of shares (750) (700)Net proceeds from fiduciary funds held for clients 159 141 Payments of deferred and contingent consideration related to acquisitions (2) (15)Cash paid for employee taxes on withholding shares (57) (43)Dividends paid (178) (179)Acquisitions of and dividends paid to non-controlling interests (2) (2)Net cash used in financing activities (611) (800) (DECREASE)/INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED
CASH (1,313) 138 Effect of exchange rate changes on cash, cash equivalents and restricted cash (34) 207 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF
PERIOD(i) 6,487 4,998 CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD(i) $5,140 $5,343 ______________
(i) The amounts of cash, cash equivalents and restricted cash, their respective classification on the condensed consolidated balance sheets, as well as their respective portions of the increase or decrease in cash, cash equivalents and restricted cash for each of the periods presented have been included in the Supplemental Disclosure of Cash Flow Information section.
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
(In millions of U.S. dollars) Six Months Ended June 30, 2026 2025 Supplemental disclosures of cash flow information: Cash and cash equivalents $1,627 $1,963 Fiduciary funds (included in fiduciary assets) 3,513 3,380 Total cash, cash equivalents and restricted cash $5,140 $5,343 Decrease in cash, cash equivalents and other restricted cash $(1,487) $(3)Increase in fiduciary funds 174 141 Total(i) $(1,313) $138 (i) Does not include the effect of exchange rate changes on cash, cash equivalents and restricted cash.
Analysts on Wall Street project that Willis Towers Watson (WTW - Free Report) will announce quarterly earnings of $3.13 per share in its forthcoming report, representing an increase of 9.4% year over year. Revenues are projected to reach $2.43 billion, increasing 7.4% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Willis Towers Watson metrics that are commonly tracked and projected by analysts on Wall Street.
The consensus estimate for 'Revenue- Health, Wealth and Career' stands at $1.26 billion. The estimate indicates a year-over-year change of +7%.
Analysts' assessment points toward 'Revenue- Reimbursable expenses and other' reaching $29.99 million. The estimate suggests a change of +24.9% year over year.
Analysts expect 'Revenue- Segment Revenue' to come in at $2.40 billion. The estimate indicates a year-over-year change of +7.6%.
It is projected by analysts that the 'Revenue- Risk and Broking' will reach $1.13 billion. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Segment Operating Income- Risk and Broking' should come in at $242.99 million. Compared to the current estimate, the company reported $222.00 million in the same quarter of the previous year.
Analysts forecast 'Segment Operating Income- Health, Wealth and Career' to reach $308.66 million. Compared to the present estimate, the company reported $280.00 million in the same quarter last year.
View all Key Company Metrics for Willis Towers Watson here>>>
Shares of Willis Towers Watson have experienced a change of +21% in the past month compared to the +1.9% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), WTW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Willis Towers Watson (WTW - Free Report) , which belongs to the Zacks Insurance - Brokerage industry, could be a great candidate to consider.
This advisory, broking and solutions company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 3.07%.
For the last reported quarter, Willis Towers Watson came out with earnings of $3.72 per share versus the Zacks Consensus Estimate of $3.59 per share, representing a surprise of 3.62%. For the previous quarter, the company was expected to post earnings of $7.92 per share and it actually produced earnings of $8.12 per share, delivering a surprise of 2.53%.
Price and EPS Surprise
With this earnings history in mind, recent estimates have been moving higher for Willis Towers Watson. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Willis Towers Watson currently has an Earnings ESP of +2.42%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 30, 2026.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Key Takeaways WTW is expected to benefit from new business wins, renewals and strong client retention across key segments. Willis Towers' Wealth and Corporate Risk & Broking businesses are likely to support revenue growth. WTW is expected to face higher expenses from salary, professional services, office and interest costs. Willis Towers Watson Public Limited Company (WTW - Free Report) is expected to register an improvement in both top and bottom lines when it reports second-quarter 2026 results on July 30, before the opening bell.
The Zacks Consensus Estimate for WTW’s second-quarter revenues is pegged at $2.43 billion, indicating a 7.4% increase from the year-ago reported figure.
The consensus estimate for earnings is pegged at $3.13 per share. The Zacks Consensus Estimate for WTW’s second-quarter earnings has moved south by 0.6% in the past 60 days. The estimate suggests a year-over-year increase of 9.4%.
What the Zacks Model UnveilsOur proven model predicts an earnings beat for Willis Towers this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), which increases the chances of an earnings beat.
Earnings ESP: Willis Towers has an Earnings ESP of +2.42%. This is because the Most Accurate Estimate of $3.21 is pegged higher than the Zacks Consensus Estimate of $3.13. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Willis Towers carries a Zacks Rank of 3 at present.
Factors Likely to Shape Q2 Results of WTWRevenues in the second quarter are likely to have benefited from strong performances across all the segments.
Strong performance across international markets driven by new business wins and renewals is likely to have aided organic revenue growth in Health in the to-be-reported quarter.
Wealth business revenues are likely to have benefited from higher levels of retirement work across all regions, alongside growth in the Investments business.
Career revenues are likely to have been affected as clients deferred discretionary work amid geopolitical uncertainty in the Middle East. Career witnessed clients delaying projects with a moderation in advisory-related demand in North America. The downside is likely to be partially offset by growth outside North America.
The Benefits Delivery & Outsourcing segment’s performance is likely to have been affected by lower commissions in the Individual Marketplace.
Corporate Risk & Broking is expected to have benefited from the new business activity and strong client retention globally.
Expenses in the second quarter are likely to have increased, attributable to higher salary expense, higher professional services costs, increased local office expenses, a higher depreciable base of assets, and higher interest expense. We expect the metric to be $2 billion in the to-be-reported quarter.
Other Stocks to ConsiderSome other insurance stocks with the right combination of elements to come up with an earnings beat this time around are:
Aflac Incorporated (AFL - Free Report) has an Earnings ESP of +0.34% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.77, indicating a year-over-year decrease of 0.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
AFL’s earnings beat estimates in two of the last four reported quarters and missed in the other two.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +2.59% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $5.61, indicating a year-over-year decrease of 5.5%.
ALL’s earnings beat estimates in each of the last four reported quarters.
eToro Group Ltd. (ETOR - Free Report) has an Earnings ESP of +0.14% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at 61 cents, indicating a year-over-year increase of 8.9%.
ETOR’s earnings beat estimates in each of the last four reported quarters.
Assetmark Inc. reduced its position in Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 84.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,095 shares of the company’s stock after selling 6,006 shares during the quarter. Assetmark Inc.’s holdings in Willis Towers Watson Public were worth $318,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Dodge & Cox raised its stake in Willis Towers Watson Public by 90.7% during the fourth quarter. Dodge & Cox now owns 6,925,525 shares of the company’s stock worth $2,275,728,000 after buying an additional 3,293,334 shares during the last quarter. Norges Bank bought a new stake in Willis Towers Watson Public during the fourth quarter valued at $511,151,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Willis Towers Watson Public during the fourth quarter valued at $284,570,000. Bank of Montreal Can grew its holdings in Willis Towers Watson Public by 657.3% during the 4th quarter. Bank of Montreal Can now owns 941,637 shares of the company’s stock worth $309,422,000 after acquiring an additional 817,301 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Willis Towers Watson Public by 23.4% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,505,195 shares of the company’s stock worth $1,151,808,000 after acquiring an additional 664,202 shares during the period. 93.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades Several research analysts have recently weighed in on WTW shares. Cantor Fitzgerald lifted their price objective on Willis Towers Watson Public from $322.00 to $344.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods upped their target price on Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Barclays decreased their target price on Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 7th. Piper Sandler boosted their price target on Willis Towers Watson Public from $283.00 to $317.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, BMO Capital Markets raised Willis Towers Watson Public from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $347.00 to $300.00 in a research note on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $351.80.
Check Out Our Latest Analysis on WTW
Insider Activity at Willis Towers Watson Public In other Willis Towers Watson Public news, insider Lucy Clarke bought 1,896 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the acquisition, the insider directly owned 22,717 shares of the company’s stock, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by insiders.
Willis Towers Watson Public Price Performance Shares of WTW opened at $295.11 on Monday. The business’s fifty day moving average is $269.24 and its 200 day moving average is $286.99. Willis Towers Watson Public Limited Company has a 12-month low of $240.61 and a 12-month high of $352.79. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.78. The stock has a market cap of $27.87 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.95 and a beta of 0.43.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last announced its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a net margin of 16.84% and a return on equity of 21.52%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the business posted $3.13 EPS. Willis Towers Watson Public’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 earnings per share for the current fiscal year.
Willis Towers Watson Public Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $3.84 annualized dividend and a dividend yield of 1.3%. Willis Towers Watson Public’s payout ratio is presently 22.39%.
About Willis Towers Watson Public (Free Report)
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
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First Trust Advisors LP raised its holdings in shares of Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report) by 19.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,214 shares of the company’s stock after buying an additional 24,758 shares during the quarter. First Trust Advisors LP owned about 0.16% of Willis Towers Watson Public worth $44,830,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in WTW. Brighton Jones LLC lifted its position in shares of Willis Towers Watson Public by 4.7% in the 4th quarter. Brighton Jones LLC now owns 1,368 shares of the company’s stock worth $429,000 after acquiring an additional 61 shares during the period. NewEdge Advisors LLC boosted its stake in shares of Willis Towers Watson Public by 7.6% in the 1st quarter. NewEdge Advisors LLC now owns 2,588 shares of the company’s stock valued at $875,000 after purchasing an additional 182 shares in the last quarter. Empowered Funds LLC boosted its position in Willis Towers Watson Public by 16.9% in the first quarter. Empowered Funds LLC now owns 2,400 shares of the company’s stock valued at $811,000 after buying an additional 347 shares in the last quarter. Geneos Wealth Management Inc. grew its position in Willis Towers Watson Public by 38.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 140 shares of the company’s stock worth $47,000 after acquiring an additional 39 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Willis Towers Watson Public by 1.0% during the second quarter. Baird Financial Group Inc. now owns 9,273 shares of the company’s stock worth $2,842,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 93.09% of the company’s stock.
Willis Towers Watson Public Stock Performance NASDAQ WTW opened at $295.11 on Monday. Willis Towers Watson Public Limited Company has a 1 year low of $240.61 and a 1 year high of $352.79. The firm has a market capitalization of $27.87 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.95 and a beta of 0.43. The firm’s fifty day moving average price is $269.24 and its two-hundred day moving average price is $286.99. The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.78.
Willis Towers Watson Public (NASDAQ:WTW – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.72 EPS for the quarter, topping analysts’ consensus estimates of $3.65 by $0.07. Willis Towers Watson Public had a return on equity of 21.52% and a net margin of 16.84%.The business had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the company posted $3.13 earnings per share. Willis Towers Watson Public’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Willis Towers Watson Public Limited Company will post 19.53 EPS for the current year.
Willis Towers Watson Public Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Willis Towers Watson Public’s dividend payout ratio (DPR) is currently 22.39%.
Analyst Upgrades and Downgrades Several research firms have recently commented on WTW. Barclays decreased their price target on shares of Willis Towers Watson Public from $322.00 to $303.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 7th. Mizuho upped their price target on Willis Towers Watson Public from $338.00 to $361.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Truist Financial upgraded shares of Willis Towers Watson Public to a “strong-buy” rating in a research report on Thursday, April 30th. Citigroup upgraded shares of Willis Towers Watson Public from a “neutral” rating to a “buy” rating and set a $300.00 target price on the stock in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their price target on Willis Towers Watson Public from $380.00 to $381.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $351.80.
Read Our Latest Report on Willis Towers Watson Public
Insider Transactions at Willis Towers Watson Public In other news, insider Lucy Clarke acquired 1,896 shares of Willis Towers Watson Public stock in a transaction dated Wednesday, May 6th. The stock was bought at an average price of $263.37 per share, for a total transaction of $499,349.52. Following the completion of the acquisition, the insider directly owned 22,717 shares in the company, valued at approximately $5,982,976.29. The trade was a 9.11% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by company insiders.
Willis Towers Watson Public Profile (Free Report)
Willis Towers Watson Public (NASDAQ: WTW) is a global advisory, broking and solutions company that helps organizations manage risk, optimize benefits and cultivate talent. The firm combines insurance brokerage and risk management capabilities with human capital and benefits consulting, actuarial and analytics services, and technology-enabled solutions. Willis Towers Watson serves a broad client base that includes multinational and mid-sized corporations, public sector organizations, insurers and investment managers.
The company’s core activities encompass commercial and reinsurance brokerage, risk transfer and risk-financing advice, and claims advocacy, alongside employee benefits and retirement consulting.
Read More Five stocks we like better than Willis Towers Watson Public RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding WTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Willis Towers Watson Public Limited Company (NASDAQ:WTW – Free Report).
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NEW YORK, July 27, 2026 (GLOBE NEWSWIRE) -- Willis, a WTW business (NASDAQ: WTW), today urged data center owners, developers, builders, operators and investors to rethink traditional insurance buying, warning that many organizations may be securing capacity beyond their actual exposure due to risks not being fully understood or quantified. Sharper risk analysis can help all stakeholders make more informed decisions about insurance requirements, capital allocation and resilience planning.
Capacity is available, but buying decisions should be risk and data-led
Amid rapid growth in digital infrastructure and AI-driven demand, the sector has focused heavily on securing larger insurance towers. Willis’ experience shows that the global marketplace can provide up to US$15 billion of insurance capacity for large-scale data center risks, if necessary. However, the more important question is how much capacity is needed based on a robust view of exposures across the digital infrastructure lifecycle.
"The capacity is there," said Alastair Swift, Head of Global Specialties and the Global Digital Infrastructure Group at Willis. "The focus should be on using data-led analysis to quantify and differentiate exposure to secure appropriate insurance limits."
Digital infrastructure risks extend beyond property values
Digital infrastructure risk profiles can vary significantly based on site selection, power infrastructure, construction methodology, operational resilience, supply-chain dependencies, climate factors and cyber vulnerabilities.
Willis says a more sophisticated understanding of these risks, supported by its eight-point digital infrastructure risk framework, can help organizations optimize insurance programs, reduce unnecessary spend and give lenders and investors greater confidence that coverage aligns with actual exposures. Risk engineering and resilience investments can often reduce overall risk more effectively than simply increasing insurance limits.
Resilience investments can improve insurance and financing outcomes
By assessing natural hazards and climate risk early in the development lifecycle, data center owners and developers can incorporate resilience measures into asset design from day one, including flood protection, enhanced wind resistance, seismic design enhancements, heat and drought adaptation measures, wildfire mitigation features, blast resistance and other location-specific controls.
Cost-benefit analysis can help organizations evaluate these resilience investments, support capital allocation and demonstrate a stronger risk profile to insurers, lenders and investors.
Through this approach, Willis has helped leading digital infrastructure clients improve:
Credit and financing outcomes, including enhanced S&P ratings and more favorable terms for future development projects.Insurance efficiency, including reduced limits where analysis showed lower risk exposure.Resilience to natural hazards through design due diligence, tailored analytics and targeted program design enhancements.Operational continuity planning by quantifying downtime from major catastrophe events and identifying targeted mitigation actions. "Buying more insurance is not always the same as being better protected," said Alastair Swift. "When risks are properly modelled, understood and mitigated, clients can build more efficient, resilient insurance programs that reflect their actual exposures. This is especially important where lenders and equity partners expect robust protection; a more tailored approach can often deliver greater value."
From capacity-led to risk-led decision-making
Willis encourages clients to move from capacity-led buying to risk and data-led decision-making by:
Quantifying exposures across design, construction and operations.Modelling realistic loss scenarios instead of relying on market conventions.Embedding resilience by design early in project development.Assessing critical infrastructure dependencies, including energy, water, cooling and continuity planning.Using robust verifiable data to support discussions with insurers, lenders and investors. "As the global digital infrastructure sector scales, clients need a clearer understanding of what they are trying to insure and why," said Jackie Bolig, Head of Placement and Broking Solutions for North America at Willis. "The goal should be to buy the right amount of insurance, supported by evidence, analytics and a thorough understanding of risk, not simply seeking the largest capacity available."
Visit wtwco.com/maximize-uptime to learn more about Willis’ eight-point digital infrastructure risk framework.
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk, and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce, and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you.
The market expects Willis Towers Watson (WTW - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 30, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis advisory, broking and solutions company is expected to post quarterly earnings of $3.13 per share in its upcoming report, which represents a year-over-year change of +9.4%.
Revenues are expected to be $2.43 billion, up 7.4% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.32% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Willis Towers Watson?For Willis Towers Watson, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.34%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Willis Towers Watson will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Willis Towers Watson would post earnings of $3.59 per share when it actually produced earnings of $3.72, delivering a surprise of +3.62%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Willis Towers Watson appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
