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Mar 31, 2022
Willis Towers Watson Q1 2022 Earnings Report
WTW reported first quarter earnings that were in line with expectations, reflecting improved momentum in the business.
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").
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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