Willis announces Q4 and 2009 financial results
Global insurance broker Willis Group Holdings plc has announced its financial results for the fourth quarter of 2009, and for the year as a whole.
For the quarter, the firm enjoyed net profits of $79m, or $0.47 per diluted share, significantly better than the $61m or $0.37 per diluted share made in Q4 2008.
It was also a marginal improvement on Q3 2009, when the firm made net profits of $78m, or $0.46 per diluted share.
Total net revenues for the quarter increased by more than $30m to $824m.
For the year as a whole, Willis recorded net profits of $436m, or $2.58 per diluted share, a substantial improvement on 2008 when total profits were $302m, or $2.04 per diluted share.
Chairman and Chief Executive Officer Joe Plumeri has described 2009 as a momentous year for Willis, with the firm managing to achieve organic growth of 2% in commissions and fees and emerge with a strengthened balance sheet despite all the difficulties in the global economy.
Category: Financials, Insurance News, Willis News
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