{"id":23119,"date":"2025-02-04T14:06:20","date_gmt":"2025-02-04T14:06:20","guid":{"rendered":"https:\/\/www.insurancejournal.com\/?p=810652"},"modified":"2025-02-04T14:06:20","modified_gmt":"2025-02-04T14:06:20","slug":"wtw-reports-net-loss-in-2024-with-organic-revenue-growth-of-5","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2025\/02\/04\/wtw-reports-net-loss-in-2024-with-organic-revenue-growth-of-5\/","title":{"rendered":"WTW Reports Net Loss in 2024 With Organic Revenue Growth of 5%"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/02\/reviewing-financial-charts-996557642-AdobeStock-580x325.jpeg\"><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/www.insurancejournal.com\/app\/uploads\/2025\/02\/reviewing-financial-charts-996557642-AdobeStock-scaled.jpeg\" class=\"ff-og-image-inserted\"><\/div>\n<ul class=\"nav nav-tabs tabs tabs-entry\">\n<li class=\"active\"><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2025\/02\/04\/810652.htm\">Article<\/a><\/li>\n<li><a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2025\/02\/04\/810652.htm?comments\" rel=\"nofollow\">0 Comments<\/a><\/li>\n<\/ul>\n<div class=\"article-content clearfix\">\n<p>WTW reported net Income for the fourth quarter of 2024 of $1.25 billion, compared to net income of $623 million in the same period in 2023. However, the broker saw a net loss for the year of $88 million, compared with net income of $1.1 billion during 2023.<\/p>\n<p>The 2024 loss was primarily related to more than $1.0 billion in impairment charges related to the sale of its direct-to-consumer insurance distribution business, TRANZACT, to the private equity firm GTCR and Recognize, a technology services investment platform, for $632.4 million. The TRANZACT deal was <a href=\"https:\/\/www.insurancejournal.com\/news\/international\/2025\/01\/07\/807163.htm\" target=\"_blank\" rel=\"noopener\">completed in January 2025<\/a> and <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2024\/10\/01\/795187.htm\" target=\"_blank\" rel=\"noopener\">first announced<\/a> in October 2024.<\/p>\n<div class=\"bzn bzn-sized bzn-intext\">\n<ins data-revive-zoneid=\"79\" data-revive-topics=\"profit-loss,trends\" data-revive-companies=\"willistowerswatson\" data-revive-block=\"1\" data-revive-id=\"36eb7c2bd3daa932a43cc2a8ffbed3a9\"><\/ins> <\/div>\n<p>WTW\u2019s diluted earnings per share was $12.25 for the quarter, up 105% over prior year, while the diluted loss was $0.96 for the year.<br \/>Q4 revenue increased 4% to $3.0 billion from $2.9 billion in Q4 2023.<\/p>\n<p>Q4 revenue increased 4% to $3.0 billion, compared with $2.91 billion Q4 2023. Full-year revenue increased 5% to $9.93 billion from $9.48 billion reported during FY 2023.<\/p>\n<p>Organic revenues grew by 5% for both the quarter and the year, WTW confirmed. (Editor\u2019s note: Marsh McLennan reported full-year and quarterly <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2025\/01\/30\/810169.htm\" target=\"_blank\" rel=\"noopener\">organic growth of 7%<\/a> while Aon report FY and Q4 <a href=\"https:\/\/www.insurancejournal.com\/news\/national\/2025\/01\/31\/810341.htm\" target=\"_blank\" rel=\"noopener\">organic growth of 6%<\/a>).<\/p>\n<p>\u201cWTW is entering 2025 with considerable momentum after delivering on our 2024 financial targets through solid revenue growth, robust margin expansion and earnings growth,\u201d according to Carl Hess, WTW\u2019s chief executive officer, <a href=\"https:\/\/investors.wtwco.com\/news-releases\/news-release-details\/wtw-reports-fourth-quarter-and-full-year-2024-earnings\" target=\"_blank\" rel=\"noopener\">in a statement<\/a>.<\/p>\n<p>The company\u2019s Risk &amp; Broking segment had Q4 revenue of $1.14 billion, an increase of 6% (7% increase constant currency and organic) from $1.08 billion in the prior year. R&amp;B\u2019s Q4 operating income rose 8% to $383 million from $354 million during Q4 2023.<\/p>\n<p>The R&amp;B segment comprises Corporate Risk &amp; Broking (CRB) and the company\u2019s Insurance Consulting and Technology (ICT) business.<\/p>\n<p>WTW said CRB\u2019s organic revenue growth was driven by higher levels of new business activity and strong client retention, while ICT\u2019s organic revenue growth was driven primarily by strong software sales in technology.<\/p>\n<p class=\"tagtag\"> <span class=\"tagtag\">Topics<\/span> <a href=\"https:\/\/www.insurancejournal.com\/trends\/\" class=\"btn btn-sm btn-primary tagtag\">Trends<\/a> <a href=\"https:\/\/www.insurancejournal.com\/profit-loss\/\" class=\"btn btn-sm btn-primary tagtag\">Profit Loss<\/a> <a href=\"https:\/\/www.insurancejournal.com\/company\/willistowerswatson\/\" class=\"btn btn-sm btn-primary tagtag\">Willis Towers Watson<\/a> <\/p>\n<\/p><\/div>\n<div class=\"article-poll\" data-post=\"810652\">\n<div class=\"article-poll-vote\">\n<p>Was this article valuable?<\/p>\n<\/p><\/div>\n<div class=\"article-poll-feedback voted-no\">\n<form class=\"feedback-form\">\n<p>Thank you! 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However, the broker saw a&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":23120,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1306,361,338,2,1,1307,377],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2025\/02\/wtw-reports-net-loss-in-2024-with-organic-revenue-growth-of-5.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23119"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=23119"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/23119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/23120"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=23119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=23119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=23119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}