WTW · 8-K · 20261029PR006942

Operating Expense Trends

WILLIS TOWERS WATSON PLC · 2026-10-29 · Importance 71 · Surprise 82

Third-quarter salaries and benefits expense increased to $1.507 billion from $1.413 billion, a $94 million rise. Nine-month salaries and benefits increased to $4.492 billion from $4.186 billion, up $306 million. Nine-month transaction and program expenses rose to $144 million from $4 million, primarily reflecting Newfront and Cushon transaction-related costs, integration expenses, and Propel plan expenses. The release does not quantify the specific drivers of the higher salaries and benefits expense.