4 Stocks to Watch From the Thriving Insurance Brokerage Industry
Zacks Insurance Brokerage players like WTW, AJG, AON and BRO are likely to benefit from increased demand for insurance products, strategic acquisitions and the adoption of technology.

Willis Towers Watson Public Limited Company (WTW) functions as a global provider of comprehensive consulting, brokerage, and solutions services. Its operations are ...
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$1.88 per share
Est. EPS $3.61 · Revenue $2.46B · 14 analysts
$1.88 per share
Est. EPS $9.23 · Revenue $3.13B · 13 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $9.7B | -2.2% | +2.2% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.6B | +1737.8% | -22.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +42.1% | -5.7% | +306.7% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +23.0% | +264.4% | -20.5% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +16.5% | +1775.2% | -24.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.5B | +22.0% | +753.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +15.9% | +24.8% | +739.5% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 86.6% | +15.9% | +6.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.20x | +0.5% | -7.5% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $29.5B | +6.7% | +3.1% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 16.26 vs 16.96 | -4.2% | 2.43 vs 3.61 | -32.6% |
| Revenue Surprise | $9.7B vs $9.6B | +1.0% | $2.5B vs $2.5B | +0.3% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 13, 2026 | Krasner Andrew Jay | officer: Chief Financial Officer | Restricted Share Unit | A | 4 | — |
| Aug 13, 2026 | Hess Carl Aaron | director, officer: Chief Executive Officer | Restricted Share Unit | A | 53 | — |
| Aug 13, 2026 | Gebauer Julie Jarecke | officer: Pres.-Health, Wealth & Career | Restricted Share Unit | A | 13 | — |
| Aug 10, 2026 | Faber Alexis | officer: Chief Operating Officer | Ordinary Shares, nominal value $0.000304635 per share | D | 730 | $342.70 |
| Jul 15, 2026 | Krasner Andrew Jay | officer: Chief Financial Officer | Ordinary Shares, nominal value $0.000304635 per share | A | 15 | — |
Operator: Good morning. Welcome to the WTW Earnings Conference Call. Please refer to wtwco.com for the press release and supplemental information that were issued earlier today. Today's call is being recorded and will be available for the next 3 months on WTW's website. Some of the comments in today's call may constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties. Actual results may differ materially from those discussed today, and the company undertakes no obligation to update these statements unless required by law. For a more detailed discussion of these and other risk factors, investors should review the Forward-Looking Statements section of the earnings press release issued this morning as well as in the most recent Form 10-K and other subsequent WTW SEC filings. During the call, certain non-GAAP financial measures may be discussed. To provide direct comparability with prior periods, all commentary regarding the company's revenue growth results will be on a non-GAAP organic basis unless specifically stated otherwise. For reconciliations of the non-GAAP measures as well as other information regarding these measures, please refer to the most recent earnings release and other materials in the Investor Relations section of the company's website. I will now turn the call over to Carl Hess, WTW's Chief Executive Officer. Please go ahead. Carl A. Hess: Good morning, everyone. Thank you for joining us for WTW's Second Quarter 2026 Earnings Call. Joining me today is Andrew Krasner, our Chief Financial Officer. Julie Gebauer, our President of Health, Wealth & Career; and Lucy Clarke, our President of Risk & Broking, are also joining us for our Q&A session. In the second quarter, we delivered strong results with 5% organic growth, 100 basis points of adjusted operating margin expansion and $3.35 of adjusted diluted earnings per share, up 17% over the prior year. It was a quarter defined by both marketplace success and cost discipline with strong enterprise adjusted operating margin expansion despite persistent global market volatility. R&B organic growth of 7% led the quarter with broad-based strength across geographies and lines of business, underscoring the durability of our global specialty model. Health, Wealth & Career delivered 4% organic growth this quarter, in line with our expectations, powered by continued strength in Health. We expanded adjusted operating margins, delivered double-digit earnings growth and continued to return capital to shareholders, demonstrating the strategy we've been executing is delivering. Our strong top and bottom line performance this quarter demonstrates the continued progress we've made in embedding AI and automation across the business to help us deliver more effective and efficient solutions for our clients. While we're encouraged by these early benefits, we see an even greater opportunity to …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Carl A. Hess CERA | Chief Executive Officer & Director | USD 3,581,326 | Male | 1962 | Active |
Andrew Jay Krasner | Chief Financial Officer & Co-head of Corporate Development | USD 2,458,205 | Male | 1977 | Active |
Julie Jarecke Gebauer | President of Health, Wealth & Career | USD 2,136,441 | Female | 1961 | Active |
Lucy Clarke | President of Risk & Broking | USD 1,832,049 | Female | 1967 | Active |
Matthew S. Furman | General Counsel | USD 1,613,643 | Male | 1970 | Active |
Eric Arnaldo Latalladi | Global Head of Technology | — | Male | — | Active |
Joseph Stephen Kurpis | Principal Accounting Officer & Controller | — | Male | 1960 | Active |
Alexis Faber | Chief Operating Officer | — | Female | 1978 | Active |
Claudia De La Hoz | Head of Investor Relations | — | Female | — | Active |
Kristy D. Banas | Chief Human Resources Officer and Head of Marketing & Communication | — | Female | 1972 | Active |
Zacks Insurance Brokerage players like WTW, AJG, AON and BRO are likely to benefit from increased demand for insurance products, strategic acquisitions and the adoption of technology.

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