Willis announces Q4 and 2010 results
Global insurance broker Willis Group Holdings plc has reported its financial results for 2010 and for the fourth quarter, including quarterly net income of $98m, equating to $0.57 per diluted share.
This is an improvement on the $79m, or $0.47 per diluted share, net income achieved in Q4 2009, and Q3 2010, when the firm made a net income of $64m ($0.37 per diluted share).
Total reported revenues in Q4 were $835m, up from $824m in the corresponding period last year and the $733m generated in Q3 2010.
Willis made an annual net profit of $455m ($2.66 per diluted share), a moderate increase on the $436m ($2.58 per diluted share) achieved in 2009.
Annual revenues rose from $3.26bn to $3.34bn.
Chairman and Chief Executive Officer Joe Plumeri hailed the strong organic growth of 4% the firm recorded in the fourth quarter and praised the hard work the firm’s associates had done throughout the year.
Category: Financials, Insurance News, Willis News
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