WILLIS GROUP HOLDINGS LTD
SymbolWSH

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

CORRECTING and REPLACING Willis Group Reports Third Quarter 2009 Results

2009-10-26 20:04 ET - News Release


NEW YORK -- (Business Wire)

Under "Supplemental Financial Information," in section "5. Adjusted Net Income (continued)," footnote c) should read: approximately 360 positions (sted approximately [357] positions).

The corrected release reads:

WILLIS GROUP REPORTS THIRD QUARTER 2009 RESULTS

Willis Group Holdings Limited (NYSE:WSH), the global insurance broker, today reported results for the quarter and nine months ended September 30, 2009.

Highlights of quarter ended September 30, 2009 include:

  • Reported earnings per diluted share from continuing operations of $0.46; adjusted earnings per diluted share from continuing operations of $0.53
  • 28 percent reported growth in commissions and fees compared with third quarter of 2008
  • 2 percent organic growth in commissions and fees: Global and International segments with 4 percent and 3 percent growth, respectively; North America decline of 3 percent improved from second quarter of 2009
  • North America segment operating margin expansion of 1,140 basis points over a year ago
  • Outlook raised to Stable by both Moody’s and Standard & Poor’s
  • Issued $300 million of senior unsecured notes due 2019 at 7.0 percent; repurchased $160 million of 5.125 percent senior notes due July 2010

The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try, click here for a free 30 day trial subscription.