Agent & Broker News

Willis Towers Watson Reports Third Quarter 2020 Earnings


ARLINGTON, Va. and LONDON, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Willis Towers Watson (NASDAQ: WLTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the third quarter ended September 30, 2020.

  • Revenue1 for the quarter increased 1% to $2.0 billion with flat constant currency revenue
  • Year-to-date cash flows from operating activities were $1.2 billion, up 95compared to $620 million in the prior year
  • Year-to-date free cash flow was $1.0 billion, up 130% compared to $445 million in the prior year
  • Diluted Earnings per Share were $0.93 for the quarter, up 60% over prior year
  • Adjusted Diluted Earnings per Share were $1.33 for the quarter, up 2% over prior year
  • Income from Operations was $73 million or 3.6% of revenue, down 180 basis points over the prior year quarter
  • Adjusted Operating Income was $238 million or 11.8% of revenueup 20 basis points over the prior year quarter

Click HERE for full Q3 2020 financials

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Posted by IRL Staff


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