Willis Towers Watson is withdrawing its 2020 guidance due to the uncertainties caused by the COVID-19 pandemic.
The broker said it will re-assess the guidance once it has a clearer understanding of the depth, duration, and geographic reach of the pandemic. “We cannot predict how long this situation will last and we’re focused on maintaining a strong balance sheet, liquidity, and financial flexibility.”
In its first quarter earnings report, Willis Towers Watson reported net income of $305 million, an increase of 6% from $287 million for the said period last year.
Revenues for the quarter rose by 7% to $2.47 billion, compared to $2.31 billion for the same period in the prior year.
Source: Willis Towers Watson
Topics Trends Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Public Adjuster Accused of Swiping $600,000 in Hurricane Ian Insurance Payments 
Meta Loses Insurance for Defense in Major Social Media Addiction Litigation 
Axios Software Tool Used by Millions Compromised in Hack 
Florida Man Faked Brain Injury for Years in Attempt to Gain $6M in Insurance 
