Willis Towers Watson Increases Share Repurchase Program by $1 Billion

WTW has announced a $1 billion increase to its existing share repurchase authority, complementing the $1.3 billion already available.

Rhea-AI Summary

WTW has announced a $1 billion increase to its existing share repurchase authority, complementing the $1.3 billion already available. This move reflects the company's commitment to enhancing shareholder value while considering market and economic conditions. The share repurchase strategy is aimed at optimizing capital structure and potentially boosting earnings per share (EPS) over time. The share buyback program enables WTW to acquire shares at its discretion, supporting long-term financial goals.

Positive

• Increase in share repurchase authority by $1 billion supports shareholder value.
• Total repurchase capacity now stands at approximately $2.3 billion.
• Potential EPS boost from share buybacks enhances investor confidence.

Negative

• None.

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ARLINGTON, Va. and LONDON, May 26, 2022 (GLOBE NEWSWIRE) -- WTW (Willis Towers Watson, NASDAQ: WTW), a leading global advisory, broking and solutions company, announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $1 billion. The $1 billion increase is in addition to the approximately $1.3 billion 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. 

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.

CONTACT

INVESTORS
Claudia De La Hoz | claudia.delahoz@willistowerswatson.com 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the total amount of WTW's share repurchase authority?

WTW's total share repurchase authority is now approximately $2.3 billion.

When did WTW announce the increase in share repurchase authority?

WTW announced the increase on May 26, 2022.

How much has WTW increased its share repurchase authority by?

WTW increased its share repurchase authority by $1 billion.

What is the purpose of WTW's share repurchase program?

The purpose is to enhance shareholder value and optimize the company's capital structure.