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WTW — Third Quarter 2026 Earnings Summary

  • Consolidated revenue rose 8% year-over-year to $2.46 billion with 4% organic growth; adjusted diluted EPS increased 18% to $3.63, while adjusted operating margin expanded 150 basis points to 21.9%.
  • Full-year 2026 guidance projects mid-single-digit enterprise organic revenue growth, though adjusted diluted EPS faces headwinds of approximately $0.40 from the Willis Re joint venture and Newfront acquisition.
  • The company expects to invest $625 million in the Propel AI Acceleration Plan to achieve $400 million in run-rate savings, targeting a 30% adjusted operating margin by 2028.
  • Capital allocation includes expected share repurchases exceeding $1.0 billion in 2026, with $220 million already repurchased in the third quarter.
  • Segment performance showed strength in Health, Wealth & Career (7% reported revenue growth) and Risk & Broking (8% reported revenue growth), while BD&O organic revenue declined due to lower commissions.
Company
WILLIS TOWERS WATSON PLC
Sector
Financial Services
Industry
Insurance Brokers