Exhibit 99.1

 

LOGO Contacts

 

Investors:

 

Peter Poillon

+1 212 915 8084
Email: peter.poillon@willis.com
News Release Media: Juliet Massey
+44 7984 156 739
Email: juliet.massey@willis.com

Willis Group Reports Fourth Quarter and Full Year 2014 Results

Fourth quarter 2014 highlights include:

 

    Reported net income up 11.8%; underlying net income up 16.9%

 

    Reported diluted EPS up 13.5% to $0.42; underlying diluted EPS up 17.9% to $0.46

 

    Reported commissions and fees grew 3.1%; reported expenses grew 5.8%

 

    Underlying commissions and fees grew 7.2%; underlying expenses grew 7.1%

 

    Organic commissions and fees grew 3.6%; organic expenses grew 2.7%

 

    Announcing 2015 dividend increase of 3.3% and share buyback of $175 million

NEW YORK, February 10, 2015

– Willis Group Holdings plc (NYSE: WSH), the global risk advisor, insurance and reinsurance broker, today reported results for the three and twelve months ended December 31, 2014.

Dominic Casserley, Willis Group Chief Executive Officer, commented, “We finished 2014 with strong top-line growth driven by both another quarter of mid-single digit organic growth in commissions and fees and the impact of our recent acquisitions. We continued to make good progress on managing our organic cost growth and implementing our Operational Improvement Program. We achieved all this despite some ongoing challenging markets, demonstrating the strength of Willis’ diversified business model and our intense focus on executing our strategy. Importantly, we delivered growth in key underlying earnings metrics, including EPS, EBITDA and operating margin.

“We continued to reshape Willis to improve earnings, both organically and through acquisition. During the quarter, we welcomed new colleagues from Max Matthiessen, SurePoint Reinsurance, and IFG into Willis and, early in 2015, reached an agreement to acquire a majority interest in Miller Insurance Services.”

 

1


The following information was filed by Willis Towers Watson Plc (WLTW) on Tuesday, February 10, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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