WTW details earnings for Q4 and full year

CEO cites solid finish

WTW details earnings for Q4 and full year

Insurance News

By Terry Gangcuangco

It’s WTW’s turn to outline how it performed in the quarter and year ended December 31, 2022.

According to the global broking giant, here’s how it fared in Q4 and FY-22 compared the prior year:







US$2.72 billion

US$2.71 billion

US$8.87 billion

US$9 billion

Income from operations

US$708 million

US$690 million

US$1.18 billion

US$2.20 billion

Adjusted operating income

US$882 million

US$871 million

US$1.85 billion

US$1.79 billion

Net income

US$593 million

US$2.41 billion

US$1.02 billion

US$4.24 billion

Adjusted net income

US$689 million

US$710 million

US$1.51 billion

US$1.50 billion


It was noted that the net income for Q4-21 and FY-21 included discontinued operations of US$1.8 billion and US$2.1 billion, respectively.  

Meanwhile, in the fourth quarter, WTW’s health, wealth & career segment saw a 2% increase in revenue, while risk & broking posted a 2% decline.

In the company’s announcement, chief executive Carl Hess commented: “The fourth quarter was a solid finish to a strong year for WTW. For the fourth quarter, revenue and operating margins increased over prior year. In addition, for the full year, we delivered results that were in line with our expectations, including healthy organic revenue growth and adjusted operating margin expansion.

“These reflected the benefits of our hiring efforts, investments in technology, initiatives to simplify our company, and the successful execution of our transformation efforts. In a complex operating environment, our focus, agility, and resilience allowed us to deliver on our commitments, including a substantial return of capital to our shareholders.”

The CEO added that WTW enters the new year with momentum and remains focussed on executing on its ‘Grow, Simplify, and Transform’ strategic priorities.

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