Willis said total revenues were up by 20% to $390m (£250m) in the third quarter from $325m (£208m) in the same period last year.
Operating cash earnings were $46m (£29m), up from $25m (£16m) last year. This represents net income excluding non-cash charges for performance based options as well as goodwill amortisation and the effect of disposing of operations. The non-cash charges for the performance-based options were $18m (£12m) in the third quarter and $145m (£93m) in the same quarter last year.
They are part of a deal struck by the directors as part of the 1998 buy-out arrangement with KKR for meeting or beating targets in 2001 and 2002.
Willis has now paid 81% of the total estimated charge based on the current quarter-end share price.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
