WTW posts revenue of $9.93bn for 2024 amid segment growth
- June 16, 2025
- Posted by: Kane Wells
- Category: Insurance
Global advisory, broking and solutions firm WTW has revealed in its full-year results revenue of $9.93 billion, an increase of 5% as compared to the $9.48 billion recorded in 2023.
WTW’s Health, Wealth & Career segment made up $5.77 billion of the total 2024 revenue, while its Risk & Broking segment made up $4.04 billion.
Despite this, the firm reported a net loss for 2024 of $88 million, compared to a $1.1 billion net income in 2023. According to WTW, the 2024 net loss primarily includes impairment charges of over $1 billion related to the sale of TRANZACT.
At the same time, the firm’s income from operations in 2024 was $627 million, down 54% from 2023.
However, in Q4 2024 alone, WTW’s revenue was $3.04 billion, an increase of 4% compared to the $2.91 billion reported for the same period in 2023.
Meanwhile, net income for Q4 2024 was $1.25 billion, up from $623 million in Q4 2023. Adjusted EBITDA for Q4 2024 was $1.2 billion, or 38.6% of revenue, an increase of 9%, compared to Adjusted EBITDA of $1.1 billion, or 37.1% of revenue, in Q4 2023.
WTW’s income from operations in Q4 2024 was $901 million, up 16% from the same period of 2023.
Carl Hess, WTW’s chief executive officer, commented, “WTW is entering 2025 with considerable momentum after delivering on our 2024 financial targets through solid revenue growth, robust margin expansion and earnings growth.
“The successful completion of our Grow, Simplify and Transform strategy has primed all of our businesses to perform, and we are now stronger, more connected and more efficient than we have ever been.
“I’m confident our new strategy to accelerate our performance, enhance our efficiency and optimize our portfolio will produce innovative solutions for our customers and create more value for shareholders.
“I’m proud of our team’s dedication and look forward to executing on our strategic and financial goals in the years ahead.”
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