“Willis Towers Watson had an encouraging start to the year with strong first quarter results,” said John Haley, Willis Towers Watson’s chief executive officer. “We are proud of our financial performance and our unwavering commitment to client service. We delivered revenue growth, meaningful margin expansion and strong earnings-per-share growth. Our results reflect both increased demand for our solutions, as well as our sustained focus on profitable growth. We continue to build upon our solid foundation and believe we are well-positioned to continue driving value for all our stakeholders. As always, I would like to thank all of our colleagues for their tremendous efforts this past quarter in support of our clients and each other.”
- Total revenue1 increased 5% to $2.6 billion with constant currency growth of 1% and organic growth of 4%
- Diluted Earnings per Share were $5.63 for the quarter, up 140% over prior year
- Adjusted Diluted Earnings per Share were $3.64 for the quarter, up 9% over prior year
- Income from Operations was $452 million or 17.5% of revenue, up 290 basis points over prior year
- Adjusted Operating Income was $579 million or 22.4% of revenue, up 110 basis points over prior year
- The Company completed the transaction to sell its majority-owned subsidiary Miller
1 The revenue amounts included in this release are presented on a U.S. GAAP basis except where stated otherwise. The segment discussion is on an organic basis.