Insurance broker WTW quarterly profit rises on risk and brokerage strength

July 30 (Reuters) - Willis Towers Watson WTW.O reported a rise in second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business.

Shares of the insurance broker are up 3% in premarket, though they remain down 3.9% so far in 2026.

Here are some more details:

• Revenue from its risk and broking unit, which advises clients on risk management and lets them negotiate and place policy orders with insurers, rose 11% to $1.16 billion from a year earlier.
• Its health, wealth and career segment's revenue rose 8% to $1.27 billion.
• The company also announced a $1.5 billion increase to its existing share repurchase authority, bringing total authorization to $2 billion.
• WTW posted an adjusted net income of $316 million, or $3.35 per share, for the three months ended June 30, compared with $285 million, or $2.86 per share, a year earlier.
• It also said Propel, its AI Acceleration Plan, to embed artificial intelligence and automation across its business is expected to be completed by the end of 2028.
• WTW expects to invest approximately $625 million of cash and incur approximately $25 million in non-cash charges to generate approximately $400 million in run-rate savings.