WTW Reports Flat Q3 Revenue of $2.29 Billion, With Organic Growth of 5%

WTW reported third quarter revenue of $2.29 billion, flat with $2.29 billion for Q3 2024, which the broker attributed to the sale of its direct-to-consumer insurance distribution business, TRANZACT.

WTW reported organic growth of 5% for the quarter, compared with 6% during Q3 2024.

Q3 net income was $306 million, compared with a net loss for the third quarter of 2024 of $1.67 billion.

This year’s flat Q3 revenues and last year’s Q3 let loss were attributed to impairment charges and non-cash losses from the sale of TRANZACT, which it originally purchased for $1.3 billion in July 2019 but sold for $632.4 million in early January 2025.

Diluted earnings per share were $3.11 for Q3 2025, compared to diluted loss per share of $16.44 during the same period last year.

The company’s Risk & Broking segment – which comprises Corporate Risk & Broking (CRB) and the company’s Insurance Consulting and Technology (ICT) business – reported revenue of $1.01 billion in the third quarter of 2025, an increase of 7% (5% increase constant currency and organic growth of 6%) from $940 million in the prior year.

CRB’s organic revenue growth was primarily driven by new business and revenue recognized from project-based placements within the global specialty businesses, which offset the negative impact of insurance rate headwinds, WTW said in its financial statement.

ICT’s revenue was flat for the quarter as clients continued to manage spend more cautiously amid ongoing economic uncertainty, the broker added.

For the nine months ended Sept. 30, 2025, WTW reported revenue of $6.77 billion, compared with $6.9 billion during the same period in 2024. Net income for the nine months was $877 million, compared to a loss of $1.34 billion last year.

“WTW’s market-leading solutions and focused execution on our strategy drove another quarter of strong results,” said Carl Hess, WTW’s chief executive officer, in a statement. “In the third quarter, we delivered a solid revenue performance, alongside strong operating margin expansion and earnings per share growth.”

Source: WTW

Topics Profit Loss Willis Towers Watson