Willis Towers Watson PLC

Company facts

Industry

Insurance Agents, Brokers & Service

Headquarters

London England

Most recent report

10-Q, filed Jul 30, 2026

Filings on record

1,008+ filings

On EDGAR

CIK 1140536

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 4 of 13 sections worth reading, with 0 positive, 7 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Full financials with acquisitions, cash burn, and Propel plan details.
  Notable

  • Acquired Newfront ($1.05B upfront) and Cushon (£150M), adding $820M in goodwill in H1 2026.
  • Propel AI plan approved: expects $400M annual cost savings by 2028 with $625M in cash costs.

• Management's Discussion (Item 2)

  Core MD&A with company-specific numbers, trends, and risks. Essential for understanding Q2 results.
  Notable

  • Transaction and integration expenses hit $61M in Q2 2026, primarily from the Newfront acquisition.
  • Post-period, board approved a $1.5B increase to buyback program on July 28, 2026.
  Negative

  • The filing notes softening market conditions with exception of U.S. Casualty and a few specialty lines.
  • Net income fell 31% to $229M in Q2 2026 on higher costs and a tax provision swing of $78M.
  • Cash and equivalents dropped to $1.6B from $3.1B at year-end due to acquisitions and buybacks.

• Risk Factors (Item 1A)

  New risk factor: AI acceleration plan with specific operational and financial risks.
  Notable

  • New risk factor disclosed for AI acceleration plan, highlighting potential adverse effects and failure to achieve intended benefits.

• Other Information (Item 5)

  AI plan with $350M savings and $650M costs not in prior disclosure.
  Notable

  • Two-year AI plan authorized July 28, 2026 with $400M gross, $350M net run-rate savings by end of 2028.
  • Principal Accounting Officer and Controller Joseph S. Kurpis to retire first half of 2027.

What changed: Jun 2026 vs. Mar 2026

About 11% of WTW's Jun 2026 10-Q is new information. 55 paragraphs were added, 194 changed, and 22 removed. Below are the most important lines SECSift identified.

• Item 2 91
• Item 1 76
• Item 5 6
• Item 6 5
• Item 1A 4
• Item 3 2
• Item 4 2