WTW has reported a profit of $US1.61 billion ($2.3 billion) for last year, turning around a loss in 2024.

The company says annual revenue of $US9.71 billion ($13.9 billion) was down 2% following the sale of direct insurer Tranzact in January last year.

The risk and broking division increased revenue by 10% to $US1.25 billion ($1.79 billion) as corporate risk and broking grew due to new business and strong client retention.

Insurance consulting and technology revenue fell slightly, reflecting clients’ caution around managing expenses.

Last month, WTW announced it had completed the acquisition of San Franciso-based broker Newfront.

CEO Carl Hess says strong momentum and progress on strategic objectives “give us confidence as we enter 2026”.  

The company made an $US88 million ($126 million) loss in 2024 after taking a $US1 billion ($1.43 billion) goodwill impairment on the sale of Tranzact.