Willis Towers Watson Public Limited Company (WTW) Q4 2025 Earnings Call Transcript

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Willis Towers Watson Public Limited Company (WTW) Q4 2025 Earnings Call February 3, 2026 9:00 AM EST

Company Participants

Carl A. Hess – CEO & Director
Andrew Krasner – CFO & Co-head of Corporate Development
Lucy Clarke – President of Risk & Broking
Julie Gebauer – President of Health, Wealth & Career

Conference Call Participants

Elyse Greenspan – Wells Fargo Securities, LLC, Research Division
David Motemaden – Evercore ISI Institutional Equities, Research Division
Robert Cox – Goldman Sachs Group, Inc., Research Division
Mark Hughes – Truist Securities, Inc., Research Division
Andrew Andersen – Jefferies LLC, Research Division
Brian Meredith – UBS Investment Bank, Research Division
Yaron Kinar – Mizuho Securities USA LLC, Research Division
Katie Sakys
Meyer Shields – Keefe, Bruyette, & Woods, Inc., Research Division

Presentation

Operator

Good morning. Welcome to the WTW Earnings Conference Call. Please refer to wtwco.com for the press release and supplemental information that were issued earlier today. Today’s call is being recorded and will be available for the next 3 months on WTW’s website.

Some of the comments in today’s call may constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements unless required by law. For a more detailed discussion of these and other risk factors, investors should review the forward-looking statements section of the earnings press release issued this morning as well as in the most recent Form 10-K and other subsequent WTW SEC filings.

During the call, certain non-GAAP financial measures may be discussed. To provide direct comparability with prior periods, all commentary regarding the company’s revenue growth results will be on a non-GAAP organic basis unless specifically stated otherwise. For reconciliations of the non-GAAP measures as well as other information regarding

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