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Daily Insurance Industry News
Sunday 21st of January 2018
October 28, 2010

Willis reports Q3 results

by Richard Kilner

Story link: Willis reports Q3 results

Global insurance broker Willis Group Holdings plc has announced its financial results for the third quarter and first nine months of 2010.

In the third quarter the firm made net income of $64m, equating to $0.37 per diluted share, down from $78m ($0.46 per share) made during the same period last year.

It is also down around a quarter on the $89m net income made in the second quarter.

Total reported revenues for the quarter saw a marginal $8m rise to $733m, with total commissions and fees also up 1% to $723m.

In the first nine months of the year Willis made net income of $357m, equating to $2.09 per diluted share, precisely the same net income as last year.

Total revenues in the first nine months of the year rose from $2,439m in 2009 to $2,504m this year, a rise of 3%, the same size as the increase in total commissions and fees ($2,475m).

 

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