Form 10-Q · Quarterly report
Willis Towers Watson 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0001140536
- Accession no.
- 0001193125-26-325374
Summary
Willis Towers Watson reported second-quarter 2026 revenue of $2.5 billion, up 9% as reported and 5% organically from a year earlier, while net income attributable to WTW fell to $229 million from $331 million and diluted earnings per share fell to $2.43 from $3.32. In its quarterly filing, the company said insurance market conditions continue to soften except in U.S. Casualty and a few specialty lines, and cited tariff uncertainty, including the U.S. Supreme Court's striking down of tariffs imposed under the International Emergency Economic Powers Act, as a source of business uncertainty.
Key points
- Second-quarter 2026 revenue was $2.5 billion, up $205 million or 9% as reported, with 5% organic growth; six-month revenue was $4.9 billion, up 9% as reported and 4% organically.
- Net income attributable to WTW was $229 million for the quarter versus $331 million a year earlier, and $526 million for the six months versus $566 million.
- The company said market conditions continue to soften, except for U.S. Casualty and a few specialty product lines, with soft markets generally pressuring commission revenue and operating margin.
- WTW said it does not expect direct tariff impacts to be significant as long as retaliatory actions do not extend to services.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Executive Overview Impact of Market Conditions on Our Business Typically, our business benefits from regulatory change, political risk or economic uncertainty. Insurance broking generally tracks the economy, but demand for both insurance broking and advisory services usually remains steady during times of uncertainty. We have some businesses, such as our health and benefits and administration businesses, which can be counter cyclical during the early period of a significant economic change. …
An excerpt of the text as filed with the SEC, cut for length.
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