Willis Towers Watson releases transcript of Q2 2026 earnings call
WTW•Q2 2026 earnings call highlights
Willis Towers Watson hosted its Q2 2026 earnings call with CEO Carl Hess, CFO Andrew Jay Krasner, Risk & Broking President Lucy Clarke, and HWC President Julie Gebauer.
- Propel AI Acceleration Plan launched; targets USD 400 million run-rate savings on USD 625 million cash cost, net USD 350 million by end-2028.
- Medium-term margin targets raised to about 30% enterprise, about 35% HWC, and about 30% Risk & Broking in 2028; benefits start meaningfully in 2027.
- Q2 organic revenue growth 5%; adjusted operating margin 19.5% (+100 bps); adjusted diluted EPS USD 3.35 (+17%); 6-month free cash flow USD 360 million.
- Risk & Broking organic growth 7% with 22.2% margin (+100 bps); Health organic growth 8%; share repurchases USD 450 million in quarter; at least USD 1 billion planned for year.



