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Mar 31, 2023
Willis Towers Watson Q1 2023 Earnings Report
Reported solid start to the year with excellent revenue increases and operating margin expansion.
Key Takeaways
WTW reported a solid start to the year with a 4% increase in revenue to $2.24 billion and a 65% increase in Net Income to $206 million. The company's investments in talent and technology, along with expense discipline and transformation efforts, drove operating margin expansion.
Revenue increased by 4% to $2.24 billion, or 8% on an organic basis.
Net Income increased by 65% to $206 million.
Operating margins in the HWC segment increased 330 basis points to 24.0%.
Free cash flow improved by $102 million to $92 million.
Willis Towers Watson
Willis Towers Watson
Willis Towers Watson Revenue by Segment
Forward Guidance
Based on current and anticipated market conditions, the Company's full-year targets for 2023 are as follows.
Revenue & Expenses
Visualization of income flow from segment revenue to net income