WTW · 10-Q · 2026Q3

WILLIS TOWERS WATSON PLC

Filed 2026-10-29 · Financials · View original filing on EDGAR

Everything WTW's SEC filings said, ranked

Ranked Events

• Balance Sheet and LiquidityImportance 66 · Surprise 40
  At September 30, 2026, the Obligor group reported net payables to non-guarantor subsidiaries of $18.2 billion, up from $16.3 billion at December 31, 2025. It also reported net intercompany receivables of $1.9 billion…
• Acquisition / Partnership / DivestitureImportance 65 · Surprise 60
  WTW completed its acquisition of Newfront on January 27, 2026, funding the consideration and related costs with net proceeds from its December 2025 $1.0 billion senior-notes offering. The company also acquired Cushon…
• AI-Driven Operating EfficiencyImportance 64 · Surprise 42
  On July 28, 2026, WTW’s Board approved Propel, an AI acceleration plan running through December 31, 2028, to embed AI and automation across the enterprise. WTW expects approximately $400 million in annual cost savings…
• Share Repurchase ProgramImportance 58 · Surprise 42
  WTW repurchased $970 million of shares during the first nine months of 2026, including $220 million in the third quarter. The company repurchased 3,435,294 shares at an average price of $282.35 during the nine-month…
• Free Cash FlowImportance 53 · Surprise 48
  For the nine months ended September 30, 2026, operating cash flow was $1.213 billion, up from $1.004 billion in the prior-year period. Net additions to fixed assets and software were $149 million, compared with $166…
• Liquidity and Cash PositionImportance 45 · Surprise 38
  Cash and cash equivalents totaled $1.9 billion at September 30, 2026, down from $3.1 billion at December 31, 2025; WTW also had the full $1.5 billion revolving credit facility available. Nine-month operating cash flow…
• Income Tax Rate ChangesImportance 45 · Surprise 64
  WTW’s U.S. GAAP tax rate for the nine months ended September 30, 2026 was 19.3%, compared with 12.0% in the prior-year period. The prior-year nine-month rate was lower because of favorable discrete tax items, primarily…
• Operating Margin DriversImportance 42 · Surprise 40
  Adjusted operating income rose to $539 million for the third quarter of 2026 from $467 million a year earlier, and to $1.6 billion for the first nine months from $1.4 billion. Adjusted operating margin increased to…
• Insurance Market SofteningImportance 38 · Surprise 24
  At the time of filing, insurance market conditions continued to soften, except for U.S. Casualty and a few specialty product lines. WTW says a soft or softening market can put downward pressure on commission revenue…
• Operating Expense TrendsImportance 36 · Surprise 14
  Total costs of providing services increased $161 million (9%) to $2.0 billion in the third quarter and $543 million (10%) to $6.1 billion in the first nine months of 2026. Salaries and benefits rose $94 million (7%) to…
• Revenue Performance and MixImportance 36 · Surprise 14
  Third-quarter 2026 revenue was $2.460 billion, up $172 million (8%) year over year, with 4% organic growth; nine-month revenue was $7.338 billion, up $566 million (8%), also with 4% organic growth. Foreign currency…
• Segment Revenue PerformanceImportance 30 · Surprise 14
  Health, Wealth & Career (HWC) revenue was $1.350 billion in the third quarter, up 7% reported and 4% organically; nine-month revenue was $3.885 billion, up 8% reported and 3% organically. HWC third-quarter organic…
• Interest Expense IncreaseImportance 29 · Surprise 22
  Interest expense rose 23% year over year to $80 million in the third quarter of 2026 and 21% to $235 million for the first nine months. The nine-month increase was $41 million compared with 2025. WTW attributed the…
• R&B Client Demand TrendsImportance 26 · Surprise 24
  Corporate Risk & Broking reported organic growth in the quarter from strong new business in North America and International and higher book-of-business settlement activity; a strong prior-year comparison, which…
• HWC Client Demand TrendsImportance 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…
• DividendsImportance 25 · Surprise 6
  WTW paid $267 million of cash dividends during the nine months ended September 30, 2026. In August 2026, the board approved a quarterly dividend of $0.96 per share, equivalent to an annualized rate of $3.84 per share.…
• Capital ExpendituresImportance 25 · Surprise 6
  WTW spent $178 million on fixed-asset and software capital expenditures during the first nine months of 2026. It estimated another $50 million to $75 million of such expenditures for the remainder of 2026. The company…
• Employee Benefits Exchange GrowthImportance 17 · Surprise 24
  WTW said Medicare individual insurance is an established market and a significant portion of corporate employers have already implemented exchanges for Medicare retirees. It expects further growth in this population…
• Tariff and Macroeconomic UncertaintyImportance 10 · Surprise 6
  WTW identifies uncertainty in U.S. and global markets from tariff actions, global trade, currency fluctuations, debt and equity market volatility, interest-rate uncertainty, persistent inflation, softer consumer…

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