Willis Towers Watson Q4 2022 Earnings Report
Key Takeaways
WTW reported a 1% increase in revenue to $2.72 billion for Q4 2022 compared to $2.71 billion in the prior year. Net income decreased by 75% to $593 million. The company's focus, agility, and resilience allowed them to deliver on their commitments, including a substantial return of capital to their shareholders.
Revenue increased by 1% compared to the prior year, reaching $2.72 billion.
Net Income decreased by 75% compared to the prior-year quarter, totaling $593 million.
Adjusted EBITDA was $1.0 billion, representing 37.1% of revenue, a decrease of 1% compared to the prior-year quarter.
The U.S. GAAP tax rate for the fourth quarter was 17.7%.
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