WTW · 10-Q · 2026Q3 · Full report

HWC Client Demand Trends

WILLIS TOWERS WATSON PLC · 2026-10-29 · Importance 26 · Surprise 24

Health generated organic revenue growth in the quarter and nine-month period, with positive contributions across all regions and International leading nine-month performance; growth reflected new business and strong renewals. Wealth growth was supported by Retirement work outside North America in the quarter and higher Retirement work across all regions, as well as growth in Investments, over nine months. Career growth reflected higher compensation survey sales, survey-delivery timing and project work, including regulatory-driven work. BD&O organic revenue declined as lower Individual Marketplace commissions outweighed growth in Outsourcing administration engagements, project work and regulatory-driven activity.

Key facts

• HWC Health delivered organic revenue growth in the three months ended September 30, 2026, with positive contributions from all regions, driven by new business and strong renewals. source
• HWC Wealth generated organic revenue growth in the three months ended September 30, 2026, supported by Retirement work outside North America and new client wins. source
• HWC Career organic revenue growth in the three months ended September 30, 2026 was driven primarily by higher compensation survey sales, typical survey-delivery timing, and increased communications project work. source
• HWC BD&O organic revenue declined in the three months ended September 30, 2026, as growth in Outsourcing was more than offset by lower Individual Marketplace commissions. source