Willis Group (WSH) Misses Q2 EPS by 17c

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Willis Group Reports Second Quarter 2015 Results

July 28, 2015 5:09 PM EDT

Underlying net income of $105 million, or $0.58 per diluted share, up 21%, from the prior year periodUnderlying commissions and fees grew 5.3%; underlying total expenses grew 5.1%

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Organic commissions and fees grew 1.6%; organic total expenses declined 0.4%; positive spread of 200 basis points achievedFull year organic spread target raised from 130 basis points to 200 basis points

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Reported net income of $70 million, or $0.38 per diluted share, up 46% on a per share basis from the prior year periodReported commissions and... More