Willis Towers Watson Public Limited Company (WTW) reports developments across its advisory, broking and solutions businesses in people, risk and capital. News commonly covers earnings from Health, Wealth & Career and Risk & Broking, insurance brokerage and risk consulting activity, employee benefits, workplace pensions, benefits delivery and outsourcing, and insurance consulting technology.
Company updates also include product launches such as transactional-risk insurance, catastrophe and reputational-risk research, AI and technology adoption, acquisition integration in brokerage and workplace savings, leadership appointments, share repurchase plans and client or brand partnerships.
WTW (NASDAQ:WTW) and SEI (NASDAQ:SEIC) expanded their strategic relationship to develop private markets solutions for U.S. 401(k) and broader defined contribution plans. The collaboration combines WTW's investment research, due diligence, and portfolio implementation with SEI Trust Company's collective investment trust (CIT) trustee, operational, and administrative capabilities.
According to SEI and WTW, the firms aim to design retirement-focused CIT and evergreen structures that broaden access to private markets, including strategies such as private credit, while addressing the operational, governance, liquidity, scale, and risk-management needs of defined contribution plan sponsors and participants.
WTW (NASDAQ: WTW) released its 2026 Defined Contribution Survey of 547 U.S. plan sponsors, highlighting a “retirement outcomes gap” between employer expectations and actual participant readiness. While 60% of sponsors define retirement readiness (via income replacement, on-time retirement or confidence), many still rely on aggregate metrics that obscure risks for specific employee groups.
Employers rank retirement savings as a high priority and aim to enhance employee experience (69%) and improve retirement outcomes (63%), yet plan design, governance and support at the point of retirement often lag these goals. One in five sponsors are considering delegating administration and fiduciary duties to focus more on strategy, and 3 in 10 plan to introduce in-plan retirement income solutions. According to WTW, nearly 4 in 5 sponsors are willing to use AI for plan analytics, with lower willingness where fiduciary accountability is higher, and the survey outlines four data- and AI-enabled steps to close the retirement outcomes gap.
WTW (NASDAQ: WTW) reported second quarter 2026 revenue of $2.47 billion, up 9% year over year (8% in constant currency, 5% organic). Income from operations was $364 million with a 14.8% operating margin, down 150 bps, while adjusted operating income rose 15% to $480 million and adjusted operating margin improved 100 bps to 19.5%. Net income declined to $231 million and diluted EPS fell 27% to $2.43, but adjusted diluted EPS increased 17% to $3.35. Adjusted EBITDA was $529 million (21.5% margin), up 13%.
Health, Wealth & Career revenue grew 8% to $1.27 billion with a 24.1% margin, and Risk & Broking revenue rose 11% to $1.16 billion with a 22.2% margin. For the first half, free cash flow increased to $360 million, up $143 million. WTW bought back about 1.73 million shares for $450 million and the board added $1.5 billion to the existing repurchase authorization (on top of roughly $500 million remaining). The company also launched Propel, an AI acceleration plan expected to complete by end-2028, involving about $625 million of cash investment and $25 million of non-cash charges to target roughly $400 million run-rate savings, $350 million net run-rate savings after reinvestment, and approximately 30% adjusted operating margin in 2028. Full-year 2026 guidance remains unchanged, including expectations for at least $1.0 billion of 2026 share repurchases, Newfront-related revenue of about $250 million at ~26% adjusted EBITDA margin, and a foreign-exchange tailwind of around $0.35 to adjusted diluted EPS for 2026.
Willis, a WTW business (NASDAQ: WTW), is urging data center owners, developers, builders, operators and investors to shift from capacity-led to risk and data-led insurance buying. The company notes that the global market can provide up to US$15 billion of capacity for large-scale data center risks, but warns many organizations may be purchasing limits beyond their true exposure because risks are not fully understood or quantified.
Willis promotes sharper risk analysis using its eight-point digital infrastructure risk framework, emphasizing lifecycle risk quantification, resilience-by-design, realistic loss modelling and robust data to optimize insurance limits, capital allocation and operational continuity, while improving outcomes with insurers, lenders and investors.
WTW (NASDAQ: WTW) and TechWolf announced a strategic partnership on July 23, 2026 to help large enterprises move from skills strategies to execution by combining WTW’s workforce advisory capabilities with TechWolf’s AI-driven Skills, Work and Market Intelligence data layer.
The joint offering gives enterprises a real-time view of workforce skills linked to jobs, tasks and business priorities, and uses TechWolf’s Job Architecture Redesign Agent to modernize skills design, job architectures and global career frameworks. According to the companies, the model aims to replace traditional years-long job architecture updates with a dynamic, continuous and enterprise-ready approach. Joint client engagements are underway across financial services, utilities, life sciences, technology and industrials. WTW contributes advisory rigor, governance and implementation across workforce planning, learning, mobility, performance, rewards and talent strategy, leveraging its relationships with major global employers.
WTW (NASDAQ: WTW) released version 7.4 of its RiskAgility Financial Modeler (FM) U.S. Library, adding a new Deferred Pension Annuity (DPA) application. The DPA tool is designed for Pension Risk Transfer (PRT) transactions and valuations of existing pension blocks with deferred lives, modeling benefit payments under multiple retirement ages and forms of payment to generate projected cashflows and reserves.
The application supports multiple decrements across states such as active employment, retirement, termination, disability and death, a range of annuity types including single and joint life, certain periods and lump sums, early or late retirement commencement, independent experience versus valuation assumptions, and flexible formats for varied benefit designs.
Willis (NASDAQ: WTW) has appointed Lars Sorensen as Life Sciences Industry Leader for North America, effective July 17, 2026. Sorensen will lead Willis’ life sciences industry strategy, support solution development, act as a subject matter expert for clients, and report to Chief Commercial Officer Mike Giacobbe.
He joins Willis with over 30 years of experience, most recently as Life Sciences Industry Vertical Leader, EMEA/UK at Aon, with a background in building high-performing teams, client relationships and growth across industry, broking and liability.
WTW (NASDAQ: WTW), through its Willis business, and embedded insurance partner Kayna have formed a strategic partnership with Kwant to launch KwantSure, a digital embedded insurance program within Kwant’s construction workforce management platform, which supports 160,000 workers and has tracked over 45 million hours.
KwantSure lets subcontractors purchase required coverages—General Liability, Professional Liability, Cyber, Business Owner’s Policy and pay-as-you-go Workers’ Compensation—directly in the COI workflow, enabling quotes and binding in minutes. The program is designed to cut administrative burden, improve compliance visibility for general contractors and help mitigate project risk through real-time COI tracking and data-led, end-to-end insurance solutions tailored to subcontractors.
WTW (NASDAQ: WTW) reports that average U.S. salary increase budgets for 2027 are expected at 3.4%, slightly below the 3.5% actual increase in 2026. According to the company’s Salary Budget Planning Report, 2025 pay budgets were largely stable, with nearly 60% of organizations seeing no difference between anticipated and actual budgets, as cost management, tight labor markets and inflation shape decisions.
WTW notes a shift from broad-based raises toward more targeted, performance-driven pay strategies. Over one-third of employers are adjusting compensation programs, many hiring at higher salary ranges, using more retention bonuses, raising starting pay, and emphasizing employee experience, training, and health and wellness benefits.
WTW (NASDAQ: WTW) launched a new version of its Geospatial Mortality Model (GMM) tailored to the U.S. pension risk transfer (PRT) market. The model, already used by pension plan sponsors, is now available to insurers and reinsurers to support PRT pricing and longevity risk management.
According to WTW, GMM combines participant pension data with geographic, socioeconomic, and health-related factors, trained on nearly four million life-years of mortality data, including post-COVID experience through 2024, to refine mortality assumptions and support asset-liability management.