WTW has reported a net income of $239 million for Q1 2025, up from $194 million in Q1 2024, although revenue declined by 5% to $2.2 billion due to the sale of TRANZACT to GTCR and Recognize in Q4 of 2024 for $632.4 million.
Meanwhile, the advisory, broking and solutions company’s adjusted EBITDA for Q1 2025 was $532 million, or 23.9% of revenue, a decrease of 3%, compared to Adjusted EBITDA of $546 million, or 23.3% of revenue, in Q1 2024.
The firm’s income from operations in Q1 2025 was $432 million, up a considerable 54% from $280 million in Q1 2024.
Broken down, WTW disclosed that its Health, Wealth & Career segment had revenue of $1.17 billion in Q1 2025, a decrease of 13% from $1.34 billion in Q1 2024.
On this segment, WTW commented, “Health delivered organic revenue growth in all regions, driven by solid client retention, new business and geographic expansion.
“Wealth generated organic revenue growth from higher levels of Retirement work in Europe and International, alongside growth in our Investments business due to the success of our LifeSight solution and capital market improvements.
“Career had modest revenue growth as increased advisory work was tempered by some postponements amid economic uncertainty. Benefits Delivery & Outsourcing revenue grew primarily from increased project and core administration work.”
At the same time, WTW’s Risk & Broking segment had revenue of $1.03 billion in Q1 2025, an increase of 5% from $978 million in Q1 2024.
The firm noted that Corporate Risk & Broking (CRB) achieved organic revenue growth driven by increased new business activity and strong global client retention, while Insurance Consulting and Technology (ICT) saw growth fueled by its Consulting and Technology practices.
Carl Hess, WTW’s chief executive officer, commented, “We had a solid start to the year, delivering results in line with our expectations and making strong progress on our strategy to accelerate our performance, enhance our efficiency and optimize our portfolio.
“We are well-positioned to help our clients navigate economic uncertainty and highly focused on driving continued growth and margin expansion, and we are confident in our outlook.
“I’m proud of our team’s dedication and look forward to achieving our strategic and financial goals together.”
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