Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Willis Group Q4 net income rises 24%

Insurance broker Willis Group Holdings has reported a net income of $98m, or $0.57 per diluted share from continuing operations for the fourth quarter of 2010, compared to $79m, or $0.47 per diluted share, in the same period a year ago.

Adjusted net income from continuing operations for the fourth quarter of 2010 was $98m, compared to $80m in the same corresponding period of 2009.

Total revenues for the fourth quarter of 2010 were $835m compared to $824m for the same period last year.

Net income attributable for the common shareholders was $455m for the full year, or $2.66 per diluted share for the full year 2010, compared to $438m, or $2.59 per diluted share, in the same period a year ago.

Willis Group chairman and CEO Joe Plumeri said that Willis delivered strong organic growth of 4% in the fourth quarter, consistent with the organic growth that the company achieved for the full year 2010.

"Adjusted earnings per share grew 21% in the fourth quarter, while adjusted operating margin remained solid as we continued to support our growth," Plumeri said.