Insurance broker WTW (WTW.O), opens new tab posted a 20% rise in its second-quarter profit on Thursday, helped by a strong performance in its risk and brokerage business.
The company also raised the lower end of its forecast range for annual profit. It expects 2024 adjusted earnings per share between $16 and $17 compared with the prior view of $15.40 to $17.
Hopes of a soft landing for the economy have prompted businesses to spend more on insurance products despite higher prices, boosting WTW’s income in its risk and brokerage unit.
Source: REUTER
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