{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-004693","form_type":"8-K","ticker":"WTW","cik":"0001140536","company_name":"WILLIS TOWERS WATSON PLC","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.233537+00:00","generated_at":"2026-06-12T23:47:06.044613+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"WTW Q2 revenue up 6% but adjusted EPS down 12%; lowers 2024 margin and EPS targets","bullets":["Revenue $2.16B (+6% YoY, organic +7%); adjusted Diluted EPS $2.05 (down 12%).","Risk & Broking segment margin fell 360 bps to 16.1% on talent investments and higher travel.","Updated 2024 outlook: lowered adjusted operating margin and adjusted EPS targets.","2023 Transformation Program savings target raised to $160M from $100M; $53M realized in Q2.","Repurchased $350M shares in Q2; Lucy Clarke named Global Head of Risk & Broking (Q3 2024)."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-004693","json":"https://secwatch.observer/filing/0001171843-23-004693.json","markdown":"https://secwatch.observer/filing/0001171843-23-004693.md","text":"https://secwatch.observer/filing/0001171843-23-004693.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1140536/000117184323004693/0001171843-23-004693-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1140536/000117184323004693/f8k_072723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:47:06.044613+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c6bdc80b5058b770cc8fbe95f3ccdc0fc70f66dc","claim":"WILLIS TOWERS WATSON PLC reported the second quarter ended June 30, 2023 results: revenue Revenue was $2.16 billion, net income Net Income for the second quarter of 2023 was $96 million, EPS Diluted Earnings per Share were $0.88 for the quarter. Guidance lowered.","evidence_excerpt":"basis except where stated otherwise. This excludes reinsurance revenue which is reported in discontinued operations. The segment discussion is on an organic basis. Revenue was $2.16 billion for the second quarter of 2023, an increase of 6% as compared to $2.03 billion for the same period in the prior year. Excluding the impact of foreign currency, revenue increased","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1140536/000117184323004693/0001171843-23-004693-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"Revenue was $2.16 billion"},{"label":"Net income","value":"Net Income for the second quarter of 2023 was $96 million"},{"label":"EPS","value":"Diluted Earnings per Share were $0.88 for the quarter"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}