Willis releases third quarter financial results
Global insurance broker Willis Group Holdings Limited (NYSE: WSH) has released its financial results for the first nine months of 2009 and for the third quarter of this year.
For Q3, Willis made earnings per diluted share of $0.46, with total net income of $78m, compared to the same period last year when it made just $36m, or $0.25 per diluted share.
It marks a $9m decline from the $87m net income recorded for Q2 of this year.
Total revenue rose by a quarter, from $579m in Q3 2008 to $725m this quarter.
For the last nine months net income was $357m, up from $231m for the corresponding period in 2008.
Chairman and CEO Joe Plumeri has described the ongoing profits of the firm as a tribute to its diverse business, which has maintained profitability despite the continuing difficulties of the operating environment.
Category: Financials, Insurance News, Willis News
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