Willis Towers Watson (WTW) FY2024 10-K Annual Report

Filed: Feb 25, 2025
Financials
Insurance Agents, Brokers & ServiceSEC EDGAR

Willis Towers Watson (WTW) 10-K annual report for fiscal year 2024, filed with SEC EDGAR on Feb 25, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Willis Towers Watson FY2024 10-K Analysis

Business Overview

  • Core business: Global advisory, broking and solutions for risk, retirement and health
  • No new products, services, or segments introduced or emphasized this year
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Management Discussion & Analysis

  • Revenue $9.93B, up 5% YoY, with organic growth also 5% excluding currency and acquisitions
  • Adjusted operating income $2.38B, margin 23.9% vs 22.0% in prior year; GAAP operating income margin 6.3% vs 14.4%
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Risk Factors

  • Legal risk from goodwill impairment related to TRANZACT business sale, $1,042M expense in 2024 impacting net loss
  • Macroeconomic threat from lower income, net loss $(98)M in 2024 vs net income $1,055M in 2023, reflecting operational pressures
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Willis Towers Watson FY2024 Key Financial Metrics
XBRL

Revenue

$9.7B

+4.7% YoY

Net Income

-$98M

-109.3% YoY

Operating Margin

6.4%

-823bp YoY

Net Margin

-1.0%

-1235bp YoY

ROE

-1.2%

-1232bp YoY

Total Assets

$27.7B

-4.8% YoY

EPS (Diluted)

$-0.96

-109.6% YoY

Operating Cash Flow

$1.5B

+12.4% YoY

Source: XBRL data from Willis Towers Watson FY2024 10-K filing on SEC EDGAR. All figures in USD.

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