WILLIS TOWERS WATSON PLC FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits - Insurance News | InsuranceNewsNet

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March 17, 2022 Newswires
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WILLIS TOWERS WATSON PLC FILES (8-K) Disclosing Regulation FD Disclosure, Financial Statements and Exhibits

Edgar Glimpses

Item 7.01 Regulation FD Disclosure.

Effective as of January 1, 2022, Willis Towers Watson Public Limited Company
(the 'Company' or 'WTW') realigned to provide its comprehensive offering of
services and solutions to clients across two business segments: Health, Wealth
and Career ('HWC'), and Risk and Broking ('R&B'). Prior to January 1, 2022, WTW
operated across four segments: Human Capital and Benefits; Corporate Risk and
Broking; Investment, Risk and Reinsurance; and Benefits Delivery and
Administration. Following the realignment, the two new segments consist of the
following businesses:

•

The HWC segment will include businesses previously aligned under the Human
Capital and Benefits segment, the Benefits Delivery and Administration segment,
and the Investment business, which was previously under the Investment, Risk and
Reinsurance segment.

•

The R&B segment will include businesses previously aligned under the Corporate
Risk and Broking segment, as well as the Insurance Consulting and Technology
business, which was previously under the Investment, Risk and Reinsurance
segment.

These segment disclosures are presented on a continuing operations basis.
Certain Investment, Risk and Reinsurance businesses that were part of the
results from continuing operations in the historical periods presented were
divested in 2020 and 2021. The revenue and income from operations for these
businesses have been included as 'divested businesses' in the reconciliations
between the total segment results and the consolidated results of the Company.
The results of the divested Willis Re treaty reinsurance business have been
presented as discontinued operations in the consolidated financial statements
for 2021, 2020 and 2019 in the Company's most recent Annual Report on Form 10-K
filed with the Securities and Exchange Commission on February 24, 2022, and as
such have been excluded from the divested businesses presented in the segment
reconciliations.

Exhibit 99.1 furnished with this Current Report on Form 8-K contains unaudited
financial information for 2021, 2020 and 2019 under the new segment structure.
The changes in the segment structure discussed above affect only the manner in
which the Company's revenue, organic revenue, operating income and operating
margin results for WTW's segments were previously reported and have no impact on
WTW's previously reported consolidated financial statements, results of
operations or total organic revenue growth.

The information in this Item 7.01, including Exhibit 99.1, shall not be deemed
to be 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, nor shall it be deemed to be incorporated by reference in any filing
under the Securities Act of 1933, as amended, except as shall be expressly set
forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits
Exhibit No. Description
99.1        Recast segment information
104         Cover Page Interactive File (the cover page tags are embedded within
            the Inline XBRL document)


--------------------------------------------------------------------------------

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