Willis Towers Watson (WTW) posted internet earnings of $303m for the primary quarter of 2026 (Q1 2026), a 27% enhance from $239m in the identical quarter a 12 months earlier.
Q1 income elevated by 8% to $2.41bn, in comparison with $2.22bn within the prior-year interval, whereas adjusted earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) rose to $589m from $532m.
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Adjusted EBITDA represented 24.4% of income, towards 23.9% a 12 months earlier.
The corporate purchased again $300m of its personal shares through the quarter.
The Danger & Broking division reported Q1 income of $1.12bn, in contrast with $1.03bn a 12 months earlier, a rise of 9%.
WTW stated this included 3% progress in fixed forex phrases and a couple of% natural progress.
Throughout the unit, Company Danger & Broking recorded natural income progress linked to new enterprise exercise and shopper retention throughout world markets.
Insurance coverage Consulting and Know-how additionally recorded natural income progress, primarily attributable to software program gross sales within the Know-how apply.
Income within the Well being, Wealth & Profession division totalled $1.27bn in Q1, up from $1.17bn a 12 months earlier, a rise of 9%.
This 9% enhance included 5% progress in fixed forex phrases and three% natural progress.
In accordance with the corporate, Well being recorded natural income progress on the again of recent enterprise wins and renewals throughout worldwide markets.
WTW stated it expects ongoing enlargement in adjusted working margin on the enterprise degree.
In Danger & Broking, it pointed to round 100 foundation factors of common annual margin enlargement over the following two years, with further yearly margin enlargement in Well being, Wealth & Profession.
WTW CEO Carl Hess stated: “WTW delivered first quarter outcomes that show our sturdy working self-discipline and continued progress of our technique.
“Our ongoing give attention to enhancing effectivity drove margin enlargement and vital EPS [earnings per share] progress, regardless of a tougher world market that created near-term headwinds to natural progress. Our investments in expertise, AI and innovation to speed up efficiency proceed driving shopper worth, and we stay assured in delivering our full-year commitments.”
The corporate additionally set out forecasts tied to its acquisition of Newfront.
It stated the transaction is anticipated to scale back adjusted EPS by round $0.10 in 2026. It additionally expects 2026 post-close income from Newfront of roughly $250m and an adjusted EBITDA margin of roughly 26%.
In December 2025, WTW agreed to accumulate San Francisco-based dealer Newfront for $1.3bn.
Newfront’s Complete Rewards enterprise, accounting for round 42% of the corporate, will probably be reported inside Well being, Wealth & Profession. Its Enterprise Insurance coverage enterprise, which accounts for roughly 58%, will sit inside Danger & Broking.
