Willis Towers Watson Q1 2022 Earnings Report
Key Takeaways
WTW's first quarter results showed a solid start to the year, with revenue at $2.16 billion and significant progress made across strategic priorities, including launching innovative products and transforming the cost structure. The company repurchased $2.3 billion of WTW stock during the quarter.
Revenue was $2.16 billion, a decrease of 3% compared to the prior year, but increased 2% on an organic basis.
Adjusted EBITDA was $518 million, or 24.0% of revenue, up 6% compared to the prior-year first quarter.
Hiring activity in the quarter was up 23% as compared to the fourth quarter of 2021, while voluntary terminations in the quarter declined 19%.
The company realigned to provide its services and solutions to clients across two business segments: Health, Wealth & Career ("HWC") and Risk & Broking ("R&B").
Willis Towers Watson
Willis Towers Watson
Willis Towers Watson Revenue by Segment
Forward Guidance
The Company is maintaining its 2022 full-year targets based on current and anticipated market conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income