Willis Towers Stock Price, News & Analysis

WTW reported second-quarter 2022 financial results with total revenue of $2.03 billion, a 3% decline year-over-year, but showing 3% organic growth. Diluted EPS fell 31% to $0.97, while adjusted diluted EPS increased 9% to $2.32. Income from operations was $137 million (6.7% margin). The company raised its target for run-rate savings from $30 million to over $80 million for 2022. WTW repurchased $471 million in shares this quarter, focusing on investment in growth.

Ørsted has achieved full accreditation through the Climate Transition Pathway (CTP) framework, demonstrating alignment with the Paris Agreement's carbon reduction goals. The company has transformed from a high-carbon utility to a leader in renewable energy, reducing emissions intensity by over 87% since 2006. This recognition highlights Ørsted's commitment to a low-carbon future, with goals to decarbonize its supply chain by 2040. WTW expresses pride in supporting Ørsted's climate initiatives, marking a significant step towards a sustainable business environment.

WTW reports robust M&A activity with the third highest half-year volume since 2008, completing 441 deals over $100 million in H1 2022. The Asia Pacific region outperformed others, while North America and Europe lagged. Despite slowing deal activity from 2021's record of 484 deals, transaction volumes remain above pre-pandemic levels. However, market volatility has negatively impacted deal performance, with buyers underperforming the market by 4.8 percentage points. The average deal closure time increased, with 60% exceeding 70 days.

WTW has announced the acquisition of Butterwire, a FinTech specializing in climate risk analytics, enhancing its market position. The deal aims to improve WTW's capabilities in climate-related financial risk management globally. Butterwire's team brings advanced data analytics, artificial intelligence, and machine learning skills, furthering WTW’s service offerings under its Climate and Resilience Hub. This acquisition integrates Butterwire's technology, including the Climate Transition Value at Risk methodology, which aligns with Paris Agreement goals, thereby reinforcing WTW’s commitment to sustainability.

WTW (NASDAQ: WTW) will release its second-quarter financial results on July 28, 2022, before the market opens. A conference call to discuss these results is scheduled at 9:00 a.m. Eastern Time on the same day, which will include a Q&A session for participants. Investors can access the live broadcast on WTW’s website, with a replay available shortly after the call concludes. WTW offers insightful solutions in people, risk, and capital across 140 countries, aimed at enhancing organizational performance and resilience.

On June 30, 2022, The Institutes announced the appointment of four new members to its Board of Trustees, effective June 15. The appointees are J. Powell Brown, Carl Hess, John J. Marchioni, and Leonid Rasin, each bringing extensive experience in insurance and risk management. Peter Miller, president and CEO, expressed that these members will enhance The Institutes' mission and strategic capabilities. Notably, Marchioni is linked with Selective Insurance Group (NASDAQ: SIGI), Hess with WTW (NASDAQ: WTW), and Brown with Brown & Brown (NYSE: BRO).