Every material Form 8-K Willis Towers Watson filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Willis Towers Watson said Steven Alcock, 47, will succeed Joseph Kurpis as Principal Accounting Officer and Controller, effective April 1, 2027, as Kurpis retires. Alcock has been Head of Finance, International since January 2022 and has been CFO of Willis Limited, a U.K. subsidiary, since December 2025. The change is a routine succession in a finance role and does not include any disclosed change to financial results or guidance.
Steven Alcock, 47, appointed to succeed Joseph Kurpis as Principal Accounting Officer and Controller
Effective date: April 1, 2027
Alcock joined the company in 1997 and has been Head of Finance, International since January 2022
Filing states no arrangements with other persons and no family relationships with directors or executive officers
WTW reported third-quarter 2026 results for the period ended September 30, 2026, with revenue up 8% to $2.46 billion and diluted EPS up 4% to $3.24. Adjusted diluted EPS rose 18% to $3.63, while GAAP operating margin fell 90 basis points to 17.4%. The company also disclosed its Propel AI Acceleration Plan, which it expects to cost about $625 million in cash, and said it expects 2026 share repurchases above $1.0 billion.
Revenue rose 8% to $2.46 billion; organic revenue grew 4%
Diluted EPS was $3.24, up 4%; adjusted diluted EPS was $3.63, up 18%
GAAP operating margin was 17.4%, down 90 basis points; adjusted operating margin was 21.9%, up 150 basis points
Propel plan expects about $625 million of cash investment and about $400 million of run-rate savings; 2026 share repurchases expected above $1.0 billion
WTW reported second-quarter 2026 revenue of $2.47 billion, up 9%, and adjusted diluted EPS of $3.35, up 17%. GAAP diluted EPS fell 27% to $2.43 and net income fell 30% to $231 million. The company also announced Propel, an AI and automation plan, and raised its share repurchase authority by $1.5 billion, while leaving full-year 2026 guidance unchanged.
Revenue rose 9% to $2.47 billion; organic revenue grew 5%.
Diluted EPS was $2.43, down 27%; adjusted diluted EPS was $3.35, up 17%.
Operating margin was 14.8%, down 150 basis points; adjusted operating margin was 19.5%, up 100 basis points.
Share repurchase authority increased by $1.5 billion; Propel targets about 30% adjusted operating margin in 2028 and full-year 2026 guidance remains unchanged.
WTW reported first-quarter 2026 results for the period ended March 31, 2026, with revenue up 8% to $2.4 billion and diluted EPS up 33% to $3.10. Adjusted diluted EPS rose 19% to $3.72, while reported operating margin fell 80 basis points to 18.6%. The company repurchased $300 million of its shares in the quarter and expects 2026 share repurchases of $1.0 billion or greater.
Revenue was $2,412 million, up 8% as reported and up 3% on an organic basis.
Diluted EPS was $3.10, up 33%; adjusted diluted EPS was $3.72, up 19%.
Reported operating margin was 18.6%, down 80 basis points; adjusted operating margin was 22.3%, up 70 basis points.
WTW repurchased $300 million of shares in the quarter and expects 2026 share repurchases of $1.0 billion or greater.
WTW reported fourth-quarter 2025 results on February 3, 2026. Reported revenue fell 3% to $2.9 billion after the sale of TRANZACT, and diluted EPS fell 38% to $7.62, while adjusted diluted EPS rose 2% to $8.12. The company also expects 2026 share repurchases of $1.0 billion or greater, and cites a roughly $0.30 headwind to adjusted EPS from the Willis Re joint venture.
Q4 2025 reported revenue was $2.9 billion, down 3% from the prior year due to the sale of TRANZACT; organic revenue rose 6%.
Q4 2025 diluted EPS was $7.62 versus $12.25 a year earlier; adjusted diluted EPS was $8.12, up 2%.
Full-year 2025 diluted EPS was $16.26 versus a loss of $0.96 in 2024; adjusted diluted EPS was $17.08, up 5%.
For 2026, the company expects share repurchases of $1.0 billion or greater and a Willis Re joint venture headwind of about $0.30 on adjusted diluted EPS.
Willis Towers Watson entered a $775 million delayed draw term loan facility on January 7, 2026, with JPMorgan Chase Bank as administrative agent. Proceeds may fund part of the pending Newfront Acquisition, refinance certain WTW debt, and cover working capital and other corporate purposes, so the filing ties new borrowing to that acquisition.
Facility size is $775 million, dated January 7, 2026, with JPMorgan Chase Bank, N.A. as administrative agent
Loans bear interest at Term SOFR plus 0.625% to 1.250%, or a base rate plus 0.00% to 0.250%, based on WTW's senior unsecured debt rating
Facility matures on the earlier of three years after the first borrowing or three years after two months following the Newfront Acquisition closing
Obligations are unsecured and guaranteed by WTW and certain subsidiaries
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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