Willis Towers Watson Unveils VM-22 RiskAgility Upgrade as Price Target Rises to $392
Willis Towers Watson launched an upgraded RiskAgility FM Library model on February 9, adding VM-22 compliance, asset-liability integration, projections and AI governance features for non-variable annuities. Mizuho raised price target to $392 and upped 2026 EPS forecast by $0.40 to $19.65, citing 5% organic growth, FX gains, lower tax rates.
1. RiskAgility FM VM-22 Upgrade
On February 9, Willis Towers Watson launched an upgraded version of its RiskAgility FM U.S. Library models to meet new VM-22 reserving rules for non-variable annuities. The release adds stronger asset-liability integration, faster projections and built-in AI governance features to support groups and investment strategies under the new framework.
2. Analyst Price Target and Forecast Revision
Mizuho raised its price target to $392 from $388 and reaffirmed an Outperform rating following Q4 earnings, while boosting the 2026 EPS estimate by $0.40 to $19.65 and the 2027 estimate by $0.25 to $22.65. Drivers included a 50 basis point increase in consolidated organic growth to 5%, favorable foreign exchange and a 50 basis point drop in the tax rate.
3. Company Operations and Outlook
Willis Towers Watson operates across global advisory, broking and consulting services in health, wealth, career consulting and insurance brokerage. The combination of regulatory-driven software upgrades and upward analyst revisions underscores the firm’s positioning ahead of major annuity valuation standard changes.