Willis Towers Watson Pivots to M&A After Hitting Profit Targets
- WTW reported revenue rose 4% to $3 billion in fourth quarter
- Insurance broker focused on smaller acquisitions for growth
Willis Towers Watson CEO Carl Hess.
Source: Willis Towers Watson PlcThis article is for subscribers only.
Willis Towers Watson Plc is focusing on mergers and acquisitions for its next phase of growth, after hitting key earnings and revenue targets last year.
The insurance broker posted fourth-quarter adjusted earnings of $8.13 per share in the fourth quarter, according to a statement Tuesday. That beat the $8.03 average estimate of analysts surveyed by Bloomberg. That metric reached $16.93 for the full year, above expectations and in line with the firm’s own targets.