Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Willis Towers Watson Public Limited Company    WLTW   IE00BDB6Q211

WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY

(WLTW)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Willis Towers Watson Public : Re measures modest 3% decline in global reinsurance capital in the first half of 2020; COVID-19 “not a capital event”

share with twitter share with LinkedIn share with facebook
09/09/2020 | 10:50am EDT

GLOBAL, 9 September 2020: Total capital dedicated to the global reinsurance industry was USD 587 billion at 30 June 2020, reflecting a 3% decline since year-end 2019, according to the latest Reinsurance Market Report from Willis Re, the reinsurance business of leading global advisory, broking and solutions company Willis Towers Watson (NASDAQ: WLTW).

The half-year figure masks an approximate fall of 30% up to late-March, following the impact of COVID-19 on investment markets. That deficit was largely restored in the following months. Total capital remains 12% higher than at the end of 2018, suggesting that, based on current investment market levels, COVID-19 has not been a capital event for the industry.

Willis Re conducts a more in-depth analysis of a Subset1 of 18 reinsurers. The Subset's combined ratio worsened from 94.9% in the first half of 2019 to 104.1%, due to COVID-19 losses which added 11.1 percentage points to combined ratios on average. However, on an underlying basis i.e. normalising COVID-19 and catastrophe losses and excluding prior year reserve development, the combined ratio improved from 100.5% to 98.6%.

While underlying underwriting performance improved, it did not improve enough to boost return on equity (RoE). While the reported RoE for the Subset companies fell to negative 0.7%, the underlying RoE also fell, from an already low 4.2% in the first half of 2019 to 2.7%. The driver was a drop in investment yield, which more than offset the improved underlying combined ratios. Whichever way one measures RoE, it remains well below the industry's cost of capital of roughly 7-8%.

'

While reinsurers have so far resiliently shouldered the combined effects of COVID-19 losses and investment market volatility, underlying profitability remains challenging.'

James Kent,
Global CEO, Willis Re

James Kent, Global CEO, Willis Re, said: 'This half-year analysis shows a reinsurance market understandably in a state of change. While reinsurers have so far resiliently shouldered the combined effects of COVID-19 losses and investment market volatility, underlying profitability remains challenging. Uncertainty therefore remains, particularly over the potential impact of COVID-19 on long-tail lines, which is driving reinsurers to deliver additional improvement in underwriting returns. We expect to see further reinsurance market discipline as well as continued differentiation between regions and clients based on past performance and underlying risk.'

Download the full report: The Willis Re Reinsurance Market Report is a biannual publication providing in-depth analysis of the size and performance of the reinsurance market. Analysis is based on the Willis Reinsurance Index group of companies. In 2020, the Index includes 39 companies from across the globe.

About Willis Re

One of the world's leading reinsurance brokers, Willis Re is known for its world-class analytics capabilities, which it combines with its reinsurance expertise in a seamless, integrated offering that can help clients increase the value of their businesses. Willis Re serves the risk management and risk transfer needs of a diverse, global client base that includes all of the world's top insurance and reinsurance carriers as well as national catastrophe schemes in many countries around the world. The broker's global team of experts offers services and advice that can help clients make better reinsurance decisions and negotiate optimum terms. For more information, visit willisre.com.

About Willis Towers Watson

Willis Towers Watson (NASDAQ:WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has over 45,000 employees serving more than 140 countries and markets. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas - the dynamic formula that drives business performance. Together, we unlock potential.

Disclaimer

1 Subset is defined as those companies that make the relevant disclosure in relation to catastrophe losses and prior year reserve releases. The appendix of the report identifies the subset companies.

Disclaimer

Willis Towers Watson plc published this content on 09 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2020 13:49:02 UTC


share with twitter share with LinkedIn share with facebook
All news about WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
10:07aWillis Towers Watson sets out diversity action plan for investment industry
GL
04:01aSompo Asia transforms and enhances its insurance pricing platform with Willis..
GL
10/23WILLIS TOWERS WATSON PUBLIC : Form 8.3 -Willis Towers Watson Plc.
DJ
10/22WILLIS TOWERS WATSON PUBLIC : Form 8.3 -Willis Towers Watson Plc.
DJ
10/21WILLIS TOWERS WATSON PUBLIC : Form 8.3 - Willis Towers Watson Plc.
DJ
10/20Employers expand new approaches for health care delivery, Willis Towers Watso..
GL
10/19WILLIS TOWERS WATSON PUBLIC : Form 8.3 -Willis Towers Watson Plc.
DJ
10/19Global asset manager AuM tops $100 trillion for the first time
GL
10/16WILLIS TOWERS WATSON PUBLIC : Form 8.3 - Willis Towers Watson Plc.
DJ
10/15WILLIS TOWERS WATSON PUBLIC : Form 8.3 - Willis Towers Watson Plc.
DJ
More news
Financials (USD)
Sales 2020 9 323 M - -
Net income 2020 1 061 M - -
Net Debt 2020 4 558 M - -
P/E ratio 2020 25,4x
Yield 2020 1,25%
Capitalization 27 028 M 27 028 M -
EV / Sales 2020 3,39x
EV / Sales 2021 3,19x
Nbr of Employees 45 000
Free-Float 99,7%
Chart WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
Duration : Period :
Willis Towers Watson Public Limited Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 233,77 $
Last Close Price 209,75 $
Spread / Highest target 24,9%
Spread / Average Target 11,5%
Spread / Lowest Target 0,12%
EPS Revisions
Managers
NameTitle
John J. Haley Chief Executive Officer & Executive Director
Victor F. Ganzi Non-Executive Chairman
Alexis Faber COO-Corporate Risk & Broking Segment
Michael J. Burwell Chief Financial Officer
Anna Cheng Catalano Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY3.87%27 028
AON PLC-0.47%47 453
ARTHUR J. GALLAGHER & CO.13.33%20 663
BROWN & BROWN, INC.18.34%13 213
STEADFAST GROUP LIMITED-2.87%2 067
EHEALTH, INC.-20.77%1 960