WTW risk and broking arm returns to 5% organic growth in third quarter

Revenue and organic growth

WTW posted total third-quarter revenue of US$2.46 billion, up 8% from US$2.29 billion a year earlier. Organic revenue growth reached 4% overall, while the risk and broking segment delivered 5% organic growth. This marks a recovery from the first quarter of 2026, when risk and broking organic growth stood at 2%. The risk and broking segment generated US$1.09 billion in revenue, representing an 8% increase with an operating margin of 19.8%.

Earnings and transformation costs

Adjusted operating income rose 15% to US$539 million and adjusted diluted earnings per share climbed 18% to US$3.63. GAAP operating income grew 3% to US$429 million. The gap between adjusted and GAAP figures reflects items including amortisation, transaction expenses and restructuring charges under Propel, WTW's AI acceleration plan funded with a US$625 million commitment running through December 2028.