OakChart

Willis Towers Watson Public Limited Co

WTWFinancial·Insurance Brokers·United Kingdom·Large·NASD·Nov 11 • 3:59 PM ET

334.18+1.31 (0.39%)
2026-11-12 04:03 CET
Market cap
30,816.81 USD m
Revenue, TTM
10,276.00 USD m
Net income, TTM
1,564.00 USD m
Free cash flow, TTM
1,743.00 USD m
EPS diluted, TTM
16.33
P/E
20.46
Compare

Price

WTW against its 20, 50 and 200-day averages
2050200beatmiss
250.00275.00300.00325.00350.00913K1.8MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26WTWclose 334.1820-day 324.7550-day 313.22200-day 297.01334.1852w high52w low

4.9% under the 52-week high of 351.51 on 25 Aug 2026. 52-week low 240.62 on 14 May 2026. Last 15 sessions, 10.8% high to low

Volume 0.64× normal · the line is the 50-bar volume average

Profile

WTW
52-week range, 84% of the way up
240.61351.51

Willis Towers Watson Plc engages in the provision of advisory, broking, and solutions services. It operates through the following segments: Health, Wealth, and Career (HCW), Risk and Broking (R&B), and Corporate and Other. The HCW segment provides an array of advice, broking, solutions, and technology for employee benefit plans, institutional investors, compensation and career programs, and the employee experience overall. The R&B segment focuses on a broad range of risk advice, insurance brokerage, and consulting services to clients globally, ranging from small businesses to multinational corporations. The company was founded in 1828 and is headquartered in London, the United Kingdom.

IndexS&P 500, RUI
Employees46900
IPOJun 12, 2001
Beta0.43
ATR, 14d8.49
Rel volume0.64
Short float2.48%
Insider own0.44%
Inst own100.92%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap30.82B
Enterprise Value36.01B
Income1.56B
Sales10.28B
Book/sh84.08
Cash/sh21.47
Dividend Est.3.80 (1.14%)
Dividend TTM3.80 (1.14%)
Dividend Ex-DateSep 30, 2026
Dividend Gr. 3/5Y3.91% 6.00%
Payout22.70%
Employees46900
IPOJun 12, 2001

Ratios

P/E20.46
Forward P/E14.57
PEG0.87
P/S3.00
P/B3.97
P/C15.56
P/FCF17.68
EV/EBITDA12.57
EV/Sales3.50
Quick Ratio1.10
Current Ratio1.10
Debt/Eq0.91
LT Debt/Eq0.80
Option/ShortYes / Yes

Earnings

EPS (ttm)16.33
EPS next Y22.94
EPS next Q9.16
EPS this Y16.13%
EPS next Y15.63%
EPS next 5Y16.78%
EPS past 3/5Y19.31% 16.17%
Sales past 3/5Y3.10% 2.43%
EPS Y/Y TTM-22.03%
Sales Y/Y TTM4.75%
EPS Q/Q3.91%
Sales Q/Q7.51%
EarningsOct 29 BMO
EPS/Sales Surpr.1.21% 0.22%

Ownership

Insider Own0.44%
Insider Trans-0.18%
Inst Own100.92%
Inst Trans-0.52%
ROA5.45%
ROE20.18%
ROIC11.18%
Gross Margin81.42%
Oper. Margin23.64%
Profit Margin15.22%
SMA202.91%
SMA506.69%
SMA20012.52%
Trades-

Technical

Shs Outstand92.34M
Shs Float91.81M
Short Float2.48%
Short Ratio4.22
Short Interest2.27M
52W High351.51 -4.93%
52W Low240.61 38.89%
Volatility2.70% 2.52%
ATR (14)8.49
RSI (14)62.77
Beta0.43
Rel Volume0.64
Avg Volume539.29K
Volume344,194

Performance

Perf Week-0.95%
Perf Month12.49%
Perf Quarter0.06%
Perf Half Y38.02%
Perf YTD1.70%
Perf Year3.74%
Perf 3Y39.12%
Perf 5Y45.11%
Perf 10Y175.09%
Recom1.88
Target Price375.79
Prev Close332.87
Price334.18
Change %0.39%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Aug 03, 2026DowngradeCCitigroupBuy → Neutral
May 06, 2026UpgradeCCitigroupNeutral → Buy$300-10.2%
May 01, 2026UpgradeBBMO Capital MarketsMarket Perform → Outperform$300-10.2%
Mar 11, 2026UpgradeBBarclaysUnderweight → Equal Weight$341+2.0%
Dec 16, 2025InitiatedMMizuhoOutperform$386+15.5%
Aug 13, 2025InitiatedCCitigroupNeutral$351+5.0%
Aug 13, 2025InitiatedCCantor FitzgeraldNeutral$355+6.2%
Mar 18, 2025UpgradeUUBSNeutral → Buy$344 → $395+18.2%
Jan 08, 2025UpgradeEEvercore ISIIn-line → Outperform$357 → $373+11.6%
Dec 20, 2024UpgradeJJefferiesHold → Buy$352 → $382+14.3%

Peers

Mkt cap
TickerCompanyMkt cap
AONAon Plc71.40B
MRSHMarsh98.68B
AJGArthur J. Gallagher & Co72.31B
BROBrown & Brown Inc23.68B
RYANRyan Specialty Holdings Inc11.79B
BWINBaldwin Insurance Group Inc4.48B
GSHDGoosehead Insurance Inc1.64B
TWFGTWFG Inc1.46B
CRD-ACrawford & Co557.48M
TRVTravelers Companies Inc81.87B

Insider trading

8 filings
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Faber AlexisChief Operating OfficerAug 10 '26Sale342.70730250,17210,752Aug 12 04:01 PM
Faber AlexisOfficerAug 10 '26Proposed Sale342.70730250,172Aug 10 05:17 PM
Clarke LucyPresident of Risk & BrokingMay 06 '26Buy263.371,896499,34022,717May 06 04:22 PM
Hess Carl AaronChief Executive OfficerMay 04 '26Buy255.082,000510,160117,425May 05 04:02 PM
Furman MatthewGeneral CounselMar 03 '26Sale304.003,000912,00938,185Mar 05 04:09 PM
Furman MatthewOfficerMar 03 '26Proposed Sale304.003,000912,009Mar 03 04:49 PM
Clarke LucyPresident of Risk & BrokingFeb 13 '26Buy284.843,500996,92919,250Feb 17 04:01 PM
Hammond Michael P.DirectorFeb 12 '26Buy278.8624167,2052,505Feb 13 04:01 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
VOVanguard Morningstar Mid-Cap ETFAUM: 107.07B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
RSPInvesco S&P 500 Equal Weight ETFAUM: 104.94B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.05B
VOEVanguard Morningstar Mid-Cap Value ETFAUM: 24.66B
IWRiShares Russell Mid-Cap ETFAUM: 58.68B

News

latest 14 of 200
  • Top Analyst Reports for Shell, Dell & Amphenol (Zacks)
  • Willis appoints Robert Staeheli as Head of Defense and Security, North America (GlobeNewswire)
  • Geopolitical lock-out emerges as top economic risk for life sciences sector, says Willis (GlobeNewswire)
  • WTW's Margin Engine Delivers 18% Adjusted EPS Growth, But Missed Whisper And Trimmed Growth Guides Point To Slowing Organic Momentum (Earnings Whispers)
  • WTW Reports Third Quarter 2026 Earnings (GlobeNewswire)
  • WTW 2026 Best Practices in Healthcare Survey: U.S. employer healthcare costs set to rise at fastest pace in more than two decades (GlobeNewswire)
  • Willis urges mining sector to take advantage of favourable market conditions to improve resilience (GlobeNewswire)
  • Specialty insurance rate softening accelerates (GlobeNewswire)
  • WTW expands wealth businesses with launch of Via Retirement (GlobeNewswire)
  • Willis launches global Defense and Security initiative to connect specialist expertise and strengthen national resilience (GlobeNewswire)
  • WTW Must Prove Margin Gains Can Outrun Flat Sequential Revenue After Stock's Slide (Earnings Whispers)
  • Cyber attacks and data loss drive greater board-level focus on cyber risk, says Willis (GlobeNewswire)
  • U.S. workers are healthier, but less financially secure, WTW research finds (GlobeNewswire)
  • AI emerges as a top strategic priority for asset owners (GlobeNewswire)

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-293.6303.5873.2402,4602,45523
2026Q22026-07-303.3503.1122.4362,4662,41723
2026Q12026-04-303.7203.6573.0942,4122,41322
2025Q42026-02-038.1207.9597.5772,9362,85321
2025Q32025-10-303.0703.0503.1022,2882,27519
2025Q22025-07-312.8602.6313.3102,2612,22919
2025Q12025-04-243.1303.2112.3272,2232,28319
2024Q42025-02-048.1308.04912.2163,0353,04919
2024Q32024-10-312.9302.719-16.4222,2892,28219
2024Q22024-07-252.5502.3351.3692,2652,27020
2024Q12024-04-253.2903.2481.8272,3412,36920
2023Q42024-02-067.4407.0525.9812,9142,90320
2023Q32023-10-262.2402.0501.2952,1662,07819
2023Q22023-07-272.0502.3260.8792,1592,12719
2023Q12023-04-272.8402.7751.8802,2442,22019
2022Q42023-02-096.3306.2255.3492,7222,70019

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2017FY8.5108.4174.1778,2028,112
2018FY9.7309.7785.2658,5138,503
2019FY10.96010.9308.0319,0398,974
2020FY11.70011.5037.6629,3529,274
2021FY11.60012.82214.8998,9989,403
2022FY13.41013.3879.5458,8668,830
2023FY14.49014.0959.9539,4839,436
2024FY16.93016.706-0.9619,9309,931
2025FY17.08016.96416.2609,7089,616
2026FY-19.835--10,447
2027FY-22.935--11,010
2028FY-27.205--11,626

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-0714033,1253,0573,213
2026Q4S2026-11-0215033,1253,0573,213
2026Q4S2026-10-3014023,1253,0573,213
2026Q4S2026-10-2914003,1273,0573,213
2026Q4S2026-10-1414003,1283,0573,221
2026Q4S2026-10-1314013,1283,0573,221
2026Q4S2026-10-1214123,1283,0573,221
2026Q4S2026-10-0914123,1283,0573,221
2026Q4S2026-10-0614123,1293,0573,221
2026Q4S2026-09-2914113,1303,0573,221
2026Q4S2026-09-1714113,1283,0573,209
2026Q4S2026-08-1914113,1293,0573,209
2026Q4S2026-08-0714123,1283,0573,209
2026Q4S2026-07-3114123,1283,0573,209

Estimate history

EPS, annual4.1775.2658.0317.66214.8999.5459.953-0.96116.21216.3306
Period201720182019202020212022202320242025TTM
EPS, quarterly-16.42212.2162.3273.313.1027.5773.0942.4363.223
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual81498485903586129004886294819932971110276
Period201720182019202020212022202320242025TTM
Sales, quarterly228930352222226422892936241324662461
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual132.14128.922128.69128.965122.056106.756102.53899.80695.0892.337
Period201720182019202020212022202320242025MRQ
Shares, quarterly100.87199.80699.21197.85396.04795.0894.27893.00492.337
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Total Revenue10,276.009,711.009,932.009,481.008,862.009,004.008,612.009,035.008,485.00
Total Expenses7,847.007,443.007,809.007,651.007,551.007,582.007,622.007,675.007,503.00
Operating Income2,429.002,268.002,123.001,830.001,311.001,422.00990.001,360.00982.00
Unusual Expense177.0023.001,512.00454.00280.00-780.00134.0013.00202.00
Net Income Before Taxes2,016.001,953.00102.001,279.001,258.002,692.001,011.001,322.00851.00
Income Taxes403.00318.00192.00215.00194.00536.00249.00249.00136.00
Consolidated Net Income1,579.001,613.00-88.001,064.001,064.002,156.00762.001,073.00715.00
Net Income From Continuing Operations1,564.001,605.00-98.001,055.001,049.002,142.00738.001,044.00695.00
Net Income1,564.001,605.00-98.001,055.001,069.001,922.00996.001,044.00695.00
EPS (Recurring)17.9616.379.4212.9511.2910.678.388.106.34
EPS (Basic, Before Extraordinaries)16.4816.38-0.9610.059.5415.027.668.035.31
EPS (Diluted)16.3316.21-0.969.959.5414.907.668.035.27
Non-Operating Income (Expense)65.00-32.00-246.00138.00435.00701.00399.00209.00278.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense152.47130.00101.00104.0081.0084.0075.0063.0019.71
Price To Earnings Ratio20.4620.46-25.6547.8215.9727.5025.1528.81
Price To Sales Ratio2.643.353.222.703.093.403.182.912.36
Gross Margin81.4281.2076.9575.5373.5674.2071.3872.9171.96
Operating Margin23.6423.3521.3819.3014.7915.7911.5015.0511.57
Net Margin15.2216.53-0.9911.1312.0621.3511.5711.568.19
Shares Outstanding92.3495.0899.81102.54106.76122.06128.96128.69128.92
Market Capitalization30,816.8130,816.8131,551.1024,906.3126,472.8529,592.6827,157.7125,964.0319,732.54

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue2,461.002,466.002,413.002,936.002,289.002,264.002,222.003,035.00
Total Expenses1,977.002,039.001,930.001,901.001,870.001,884.001,788.001,993.00
Operating Income484.00427.00483.001,035.00419.00380.00434.001,042.00
Unusual Expense56.0061.0041.0019.002.002.000.00145.00
Net Income Before Taxes401.00292.00376.00947.00390.00313.00303.001,688.00
Income Taxes79.0057.0070.00197.0077.00-21.0065.00440.00
Consolidated Net Income309.00231.00303.00736.00306.00332.00239.001,248.00
Net Income From Continuing Operations303.00229.00297.00735.00304.00331.00235.001,246.00
Net Income303.00229.00297.00735.00304.00331.00235.001,246.00
EPS (Recurring)3.642.893.397.713.123.322.3313.21
EPS (Basic, Before Extraordinaries)3.262.443.137.663.103.342.3512.34
EPS (Diluted)3.222.443.097.583.103.312.3312.22
Non-Operating Income (Expense)53.004.0011.00-3.0038.00-1.00-66.00857.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense38.7125.2833.1855.3020.543.9526.0755.30
Price To Earnings Ratio20.4615.3017.8215.68241.42---
Price To Sales Ratio2.642.432.823.283.453.123.483.22
Gross Margin80.9880.1379.7384.2680.1280.4878.9879.51
Operating Margin19.6717.3220.0235.2518.3016.7819.5334.33
Net Margin12.319.2912.3125.0313.2814.6210.5841.05
Shares Outstanding92.3493.0094.2895.0896.0597.8599.2199.81
Market Capitalization30,816.8124,685.8727,484.4931,462.9933,697.9630,389.4133,691.1131,551.10

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Short Term Investments3,193.001,891.001,428.001,305.004,721.002,088.00944.001,058.001,059.00
Short Term Receivables3,044.003,518.003,774.003,416.003,236.003,165.003,081.002,460.002,449.00
Investment Securities0.000.000.000.000.000.000.000.000.00
Securities In Custody0.000.000.000.000.000.000.000.000.00
Investments121.0073.0088.0090.0055.0070.0023.007.0026.00
Investment in Unconsolidated Affiliates100.0084.000.000.000.000.000.000.000.00
Net Property, Plant & Equipment1,182.001,146.001,285.001,304.001,571.001,914.002,014.00942.00985.00
Deferred Tax Assets167.00238.0086.0068.0079.0095.0072.0059.0046.00
Other Intangible Assets21,723.0020,731.0022,429.0025,586.0025,308.0031,199.0029,292.0027,859.0027,893.00
Total Assets29,530.0027,681.0029,090.0031,769.0034,970.0038,531.0035,426.0032,385.0032,458.00
Total Debt6,903.005,931.005,941.005,479.005,486.006,723.006,745.004,575.004,535.00
Long Term Debt6,228.005,813.005,166.005,103.004,723.005,600.006,265.004,389.004,450.00
Provision for Risks Charges1,031.001,031.00970.00877.001,175.001,858.001,861.001,710.001,817.00
Deferred Tax Liabilities41.0045.00542.00748.00845.00561.00526.00559.00615.00
Other Liabilities13,503.0012,657.0012,044.0014,572.0014,156.0018,457.0015,925.0015,544.0015,214.00
Total Liabilities21,478.0019,664.0019,497.0021,676.0021,662.0027,599.0025,057.0022,388.0022,181.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity7,976.007,940.009,520.0010,016.0013,260.0010,820.0010,249.009,852.0010,126.00
Total Shareholders Equity7,976.007,940.009,520.0010,016.0013,260.0010,820.0010,249.009,852.0010,126.00
Accumulated Minority Interest76.0077.0073.0077.0048.00112.00120.00145.00151.00
Total Equity8,052.008,017.009,593.0010,093.0013,308.0010,932.0010,369.009,997.0010,277.00
Total Liabilities & Stockholders Equity29,530.0027,681.0029,090.0031,769.0034,970.0038,531.0035,426.0032,385.0032,458.00
Book Value Per Share83.8979.5592.8493.82108.6483.9079.6476.4276.63
Tangible Book Value Per Share-22.12-21.58-26.24-22.764.28-19.86-34.37-30.49-32.35
Full-Time Employees46,90048,90048,00046,60044,20046,10046,60043,30043,400
Price to Book Ratio3.974.222.652.702.192.512.541.992.01
Return on Assets5.61-0.353.473.145.832.003.082.141.81
Return on Equity20.17-1.1210.809.0117.797.0110.396.965.63
Return on Invested Capital11.30-0.717.187.0710.696.076.324.883.90
Quick Ratio1.201.201.061.071.261.051.061.071.07
Current Ratio1.201.201.061.071.261.051.061.071.07

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations2,443.002,486.001,838.001,716.001,700.002,510.001,830.001,871.001,285.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-459.00-711.00-326.00-371.00-888.00-449.00-56.00-790.003.00
Cash from Operating Activities1,984.001,775.001,512.001,345.00812.002,061.001,774.001,081.001,288.00
Capital Expenditures-241.00-229.00-245.00-242.00-204.00-201.00-286.00-305.00-322.00
Net Assets From Acquisitions-1,104.00-15.00-104.00-6.00-140.00-47.00-69.00-1,329.00-36.00
Sale of Fixed Assets and Businesses29.00870.00619.0089.000.004,048.00237.0017.004.00
Purchase or Sale of Investments-42.00-125.00-15.00-4.00200.00-200.000.000.000.00
Purchase of Investments-42.00-125.00-15.00-4.000.00-200.000.000.000.00
Sale Or Maturity of Investments-0.000.000.00200.000.000.000.000.00
Other Uses-2.00-54.00-5.00-922.00-29.00-1,030.00-42.000.000.00
Other Sources12.000.000.000.000.00-0.003.0013.00
Cash from Investing Activities-1,348.00447.00250.00-1,085.00-173.002,570.00-160.00-1,614.00-341.00
Cash Dividends Paid-356.00-358.00-354.00-352.00-369.00-374.00-346.00-329.00-306.00
Change in Capital Stock-1,320.00-1,650.00-901.00-1,000.00-3,523.00-1,617.0016.00-105.00-557.00
Repurchase of Common Pref Stock-1,320.00-1,650.00-901.00-1,000.00-3,530.00-1,627.000.00-150.00-602.00
Sale of Common Pref Stock0.000.000.000.007.0010.0016.0045.0045.00
Proceedsfrom Stock Options0.000.000.000.007.0010.0016.0045.0045.00
Issuance or Reduction of Debt, Net218.00984.0082.00487.00160.00-1,008.00-47.00958.0066.00
Change in Long Term Debt-553.00984.0082.00487.00160.00-1,008.00-47.00958.0066.00
Issuance of Long Term Debt-989.00737.00741.00745.00-280.002,084.00990.00
Reduction of Long Term Debt-553.00-5.00-655.00-254.00-585.00-1,008.00-327.00-1,126.00-924.00
Net Financing Active Other Cash Flow-197.0088.00714.00-335.00287.00-111.00755.00-127.00-106.00
Other Financing Activities Uses-78.00-84.00-71.00-335.00-67.00-111.00-57.00-127.00-106.00
Cash from Financing Activities-666.00-936.00-459.00-1,200.00-3,445.00-3,114.00378.00397.00-903.00
Exchange Rate Effect-37.00203.00-97.0011.00-164.00-127.00126.00-2.00-41.00
Net Change in Cash-67.001,489.001,206.00-929.00-2,970.001,390.002,118.00-138.003.00
Free Cash Flow1,743.001,546.001,267.001,192.00674.001,913.001,551.00835.001,020.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow19.5327.3835.0030.4489.8119.9122.7351.8828.07

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments1,980.001,680.002,315.003,193.001,931.002,000.00
Short Term Receivables2,757.002,932.002,648.003,044.002,520.002,715.00
Investments44.0044.0043.00121.00132.00133.00
Investment in Unconsolidated Affiliates0.00--100.00100.0097.00
Net Property, Plant & Equipment1,139.001,149.001,170.001,182.001,166.001,191.00
Deferred Tax Assets---167.00234.00247.00
Other Intangible Assets24,076.0024,754.0023,461.0021,723.0021,356.0022,095.00
Total Assets29,996.0030,559.0029,637.0029,530.0027,439.0028,478.00
Total Debt7,098.007,101.006,906.006,903.005,911.005,935.00
Long Term Debt6,231.006,235.006,789.006,228.005,238.005,262.00
Provision for Risks Charges951.001,001.00991.001,031.00935.00960.00
Deferred Tax Liabilities64.0061.00-41.0038.0037.00
Other Liabilities14,043.0014,626.0013,681.0013,503.0012,745.0013,366.00
Total Liabilities22,156.0022,789.0021,578.0021,478.0019,629.0020,298.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity7,764.007,688.007,977.007,976.007,735.008,100.00
Total Shareholders Equity7,764.007,688.007,977.007,976.007,735.008,100.00
Accumulated Minority Interest76.0082.0082.0076.0075.0080.00
Total Equity7,840.007,770.008,059.008,052.007,810.008,180.00
Total Liabilities & Stockholders Equity29,996.0030,559.0029,637.0029,530.0027,439.0028,478.00
Book Value Per Share84.0882.6684.6183.8980.5382.78
Tangible Book Value Per Share-37.31-37.54-31.40-22.12-24.84-21.15
Full-Time Employees---46,900--
Price to Book Ratio3.973.093.474.084.173.74
Return on Assets5.455.305.785.617.750.47
Return on Equity20.1819.8320.7020.1727.791.57
Return on Invested Capital2.171.642.015.172.342.48
Quick Ratio1.101.101.191.201.101.13
Current Ratio1.101.101.191.201.101.13

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations486.00444.00460.001,053.00474.00482.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital253.0040.00-470.00-282.00204.00-121.00
Cash from Operating Activities739.00484.00-10.00771.00678.00361.00
Capital Expenditures-64.00-59.00-55.00-63.00-57.00-58.00
Net Assets From Acquisitions-64.00-247.00-792.00-1.000.00-13.00
Sale of Fixed Assets and Businesses29.000.000.000.0034.00836.00
Purchase or Sale of Investments0.00-30.007.00-19.00-5.00-69.00
Purchase of Investments0.00-14.00-9.00-19.00-5.00-69.00
Sale Or Maturity of Investments--16.0016.00--0.00
Other Uses-2.000.000.000.00-54.000.00
Other Sources12.000.000.000.000.000.00
Cash from Investing Activities-89.00-336.00-840.00-83.00-82.00696.00
Cash Dividends Paid-89.00-90.00-88.00-89.00-90.00-91.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock-220.00-450.00-300.00-350.00-600.00-500.00
Repurchase of Common Pref Stock-220.00-450.00-300.00-350.00-600.00-500.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net0.00224.00-5.00-1.00-2.00-1.00
Change in Long Term Debt0.00224.00-5.00-1.00-2.00-1.00
Issuance of Long Term Debt0.00225.00546.00---
Reduction of Long Term Debt0.00-1.00-551.00-1.00-2.00-1.00
Net Financing Active Other Cash Flow-121.00-92.00190.00-174.00181.00-232.00
Other Financing Activities Uses-14.00-59.00-2.00-3.00-21.00-58.00
Cash from Financing Activities-430.00-408.00-203.00375.00-511.00-824.00
Exchange Rate Effect-4.00-5.00-29.001.00-5.00127.00
Net Change in Cash216.00-265.00-1,082.001,064.0080.00360.00
Free Cash Flow675.00425.00-65.00708.00621.00303.00
Price to Free Cash Flow19.5318.4523.0826.8332.2735.03

Revenue breakdown

Consolidation, Policy2024: 282.00M 2025: 280.00M
Service2024: 9.65B 2025: 9.43B
Consolidation, Policy2024: 282.00M 2025: 280.00M
Europe2024: 3.29B 2025: 3.65B
International2024: 1.09B 2025: 1.18B
North America2024: 5.27B 2025: 4.61B
Consolidation, Policy2024: 191.00M 2025: 192.00M
Corporate2024: 11.00M 2025: 3.00M
Health, Wealth and Career2024: 5.80B 2025: 5.29B
Risk and Broking2024: 3.92B 2025: 4.22B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-302.48%2.3M91.8M530.56K
2026-10-152.44%2.3M92.5M533.12K
2026-09-303.20%3.0M92.5M549.08K
2026-09-152.65%2.5M92.5M561.74K
2026-08-312.63%2.4M92.5M607.68K
2026-08-143.12%2.9M92.5M650.30K
2026-07-313.83%3.5M92.4M732.33K
2026-07-153.94%3.7M94.0M756.42K
2026-06-304.58%4.3M94.0M756.35K
2026-06-153.25%3.1M94.0M716.40K
2026-05-293.18%3.0M94.0M705.57K
2026-05-152.95%2.8M94.0M746.99K
2026-04-302.26%2.1M94.0M835.48K
2026-04-152.21%2.1M93.8M801.91K
2026-03-312.94%2.8M94.2M779.69K
2026-03-131.90%1.8M94.2M796.38K
2026-02-271.94%1.8M94.2M807.77K
2026-02-131.70%1.6M95.4M766.54K
2026-01-302.30%2.2M95.4M623.43K
2026-01-152.64%2.5M95.4M642.60K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call190142.3146.30.002.3130.000.000.973-0.3780.032
call195137.4141.30.002.2210.000.000.972-0.3760.033
call200132.4136.30.002.1320.000.000.971-0.3740.034
call210122.5126.40.001.9590.000.000.969-0.3680.036
call220112.6116.40.001.7930.000.000.966-0.3630.039
call230102.6106.481.301.6341.000.000.963-0.3560.042
call24092.5096.400.001.5120.000.000.959-0.3490.045
call25082.5086.400.001.3470.000.000.955-0.3410.049
call26072.5076.400.001.2140.000.000.950-0.3320.054
call27062.7066.500.001.0830.000.000.943-0.3210.059
call28052.5056.5019.000.93019.000.000.935-0.3090.065
call29042.8046.6040.000.81022.000.000.925-0.2940.074
call30032.9036.7024.530.6771.000.000.910-0.2760.084
call31023.0027.0029.000.5482.000.000.878-0.2770.105
call32013.7017.7016.600.4394.000.000.753-0.4220.164
call3306.2010.0012.500.3696.000.000.603-0.4300.200
call3400.755.203.730.3671090.000.395-0.4210.200
call3500.003.304.350.4267.000.000.253-0.4010.166
call3600.002.700.000.5160.000.000.189-0.4130.140
call3700.002.451.200.61010.000.000.154-0.4310.124
call3800.002.300.000.7000.000.000.132-0.4430.111
call3900.002.250.000.7910.000.000.118-0.4620.102
call4000.002.200.000.8760.000.000.106-0.4760.095
call4100.002.150.000.9560.000.000.098-0.4870.090
call4200.002.150.001.0370.000.000.091-0.5040.085
call4300.002.150.001.1150.000.000.086-0.5190.082
call4400.002.150.001.1890.000.000.082-0.5320.079
call4500.002.150.001.2600.000.000.078-0.5450.076
call4600.002.150.001.3290.000.000.075-0.5560.074
put1900.002.150.002.0450.000.00-0.026-0.3680.032
put1950.002.150.001.9630.000.00-0.027-0.3650.033
put2000.002.150.001.8830.000.00-0.029-0.3620.034
put2100.002.150.001.7280.000.00-0.031-0.3550.036
put2200.002.150.001.5800.000.00-0.034-0.3490.039
put2300.002.150.001.4370.000.00-0.037-0.3410.042
put2400.002.151.751.29910.000.00-0.041-0.3330.045
put2500.002.151.271.1654.000.00-0.045-0.3240.049
put2600.002.201.641.0356.000.00-0.050-0.3130.054
put2700.002.303.220.90818.000.00-0.056-0.3020.059
put2800.002.409.400.7836.000.00-0.064-0.2880.065
put2900.002.200.000.6600.000.00-0.075-0.2730.074
put3000.002.551.700.5375.000.00-0.090-0.2530.084
put3100.001.202.850.4127.000.00-0.121-0.2510.105
put3200.003.401.780.4332.001.00-0.247-0.3970.164
put3302.105.506.340.3641.000.00-0.397-0.4040.200
put3407.1010.600.000.3580.000.00-0.604-0.3940.200
put35014.8018.500.000.4030.000.00-0.747-0.3730.166
put36024.2028.000.000.4970.000.00-0.811-0.3840.140
put37034.0037.900.000.6100.000.00-0.845-0.4000.124
put38043.9047.800.000.7060.000.00-0.868-0.4110.111
put39053.8057.600.000.7740.000.00-0.882-0.4290.102
put40063.8067.600.000.8640.000.00-0.893-0.4420.095
put41073.8077.600.000.9490.000.00-0.902-0.4520.090
put42083.8087.600.001.0310.000.00-0.908-0.4670.085
put43093.8097.600.001.1100.000.00-0.913-0.4810.082
put440103.8107.60.001.1850.000.00-0.918-0.4940.079
put450113.8117.60.001.2580.000.00-0.921-0.5050.076
put460123.8127.60.001.3280.000.00-0.925-0.5160.074

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10SCHEDULE 13GSEC
2026-11-038-KCurrent report2026-11-03SEC
2026-10-2910-QQuarterly report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-10-298-KCurrent report2026-09-30SEC
2026-10-224Statement of changes in beneficial ownership of securities2026-10-20SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-194Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-134Statement of changes in beneficial ownership of securities2026-10-09SEC
2026-10-054Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-174Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-08-13SCHEDULE 13G/ASEC
2026-08-13SCHEDULE 13GSEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090000
2026-0800250.17K1
2026-070000
2026-060000
2026-051.01M200
2026-040000
2026-0300912.01K1
2026-021.06M200
2026-010000
2025-120000
2025-110000

Institutional holders

Manager% owned
-

Funds

Fund% owned
Artisan International Value Fund4.62%
Dodge & Cox Stock Fund4.00%
First Eagle Global Fund2.66%
Dodge & Cox International Stock Fund2.22%
Oakmark Fund2.05%
Empower Short Duration Bond Fund1.75%
Global Equity Fund1.62%
iShares Core S&P 500 ETF1.38%
Fidelity 500 Index Fund1.32%
TSW Core Plus Bond Fund1.26%

OakChart. WTW. Cached 15 minutes.