Insurance broker WTW quarterly profit rises on risk and brokerage strength
Insurance broker WTW quarterly profit rises on risk and brokerage strength July 30 (Reuters) - Willis Towers Watson WTW.O reported a rise in second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business.
Shares of the insurance broker are up 3% in premarket, though they remain down 3.9% so far in 2026.
Here are some more details:
Revenue from its risk and broking unit, which advises clients on risk management and lets them negotiate and place policy orders with insurers, rose 11% to $1.16 billion from a year earlier.
Its health, wealth and career segment's revenue rose 8% to $1.27 billion.
The company also announced a $1.5 billion increase to its existing share repurchase authority, bringing total authorization to $2 billion.
WTW posted an adjusted net income of $316 million, or $3.35 per share, for the three months ended June 30, compared with $285 million, or $2.86 per share, a year earlier.
It also said Propel, its AI Acceleration Plan, to embed artificial intelligence and automation across its business is expected to be completed by the end of 2028.
WTW 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.
(Reporting by Pragyan Kalita in Bengaluru; Editing by Vijay Kishore)
((Pragyan.Kalita@thomsonreuters.com;))
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