Willis said it had seen “record results” for the quarter ending 30 September 2004, despite a “tough business environment”.
Willis chief executive Joe Plumeri said despite a “continued decline in [premium] rates” the company had established a “sales culture, grown revenues, maintained expense discipline and enhanced earnings”.
Pre-tax profits for the third quarter increased from $94m to $103m, taking post-tax profits for the quarter to $75m, compared with $99m a year ago
Pre-tax profits for the nine months ending 30 September 2004 rose to $464m compared to $388m in 2003.
Overall net income for the nine months ending 30 September 2004 was reported as $319m, up from $296m last year.
