Willis Group's revenue and income rise in 2009
Willis Group Holdings, the global insurance broker, today reported results for the year ended December 31, 2009, which showed a $134m (£84.4m) rise in net income and $500m growth in revenues.
Reported net income from continuing operations for 2009 was $436m, or $2.58 per diluted share, compared with $302m, or $2.04 per diluted share, in 2008.
According to the company, reported net income for the 2009 and 2008 years was affected by certain items which are reviewed in detail in this release, including the acquisition of HRH and 2008 expense review charges for severance and other costs.
Total reported revenues for 2009 were $3.3bn compared with $2.8bn for 2008, an increase of 15%.
The
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