WTWWillis Towers Watson Public Limited Company

$28B

Q4 2018 Earnings

Financial Services Insurance - Brokers

Income Statement

Revenue

$2.4B+14.1% YoY

Gross Profit

$1.1B48.0% margin

Operating Income

$470M19.8% margin

Net Income

$378M15.9% margin

EPS (Diluted)

$2.89

QoQ Revenue Growth

+27.6%

Cash Flow

Operating Cash Flow

$572M

Free Cash Flow

$500M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$32.4B

Total Liabilities

$22.4B

Stockholders' Equity

$9.9B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.4B	$2.1B	+14.1%
Gross Profit	$1.1B	$817M	+39.4%
Operating Income	$470M	$110M	+327.3%
Net Income	$378M	$245M	+54.3%

Revenue Segments

Human Capital And Benefits

$860M36%

Corporate Risk And Broking

$816M34%

Benefits Delivery And Administration

$392M17%

Investment Risk And Reinsurance

$283M12%

Corporate Non Segment

$21M1%

WTW Q4 2018 Earnings — Willis Towers Watson Public Limited Company Revenue & Financial Results | Market Cap Arena