Willis reports third quarter results

Global insurance broker Willis Group Holdings plc has reported its financial results for the quarter and nine months ended 30 September 2012.

Reported net income for the third quarter was $26m, equating to $0.15 per diluted share, less than half the $60m, or $0.34 per diluted share, it made during the corresponding period last year.

In the first nine months of 2012 Willis reported that it made $358m, or $2.03 per diluted share, double the $179m, or $1.02 per diluted share of 9M 2011.

Chairman and Chief Executive Officer Joe Plumeri welcomed the firm’s 2% organic growth, and asserted that it was an indicator that the firm was moving beyond some issues which had previously affected its results.

Plumeri went on to express his confidence in the future CEO and deputy CEO Dominic Casserley and Steve Hearn, who will be assuming their new posts in January next year.

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Category: Financials, Insurance News, Willis News