Insurance Consulting Giant Loses $4 Billion in a Day

Shares of Willis Towers Watson (WTW) closed at $290.09 on the Nasdaq on February 9, down 12.13% from the previous day. The company’s market capitalization plunged by about $3 billion—roughly KRW 4 trillion—in a single session, and trading volume topped 1.5 million shares, well above the 50-day average of around 600,000, signaling panic selling.

In its Q4 2025 results announced on February 3, WTW reported adjusted EPS of $8.12 and revenue of approximately $2.9 billion, slightly beating analysts’ forecasts. The firm achieved 6% organic revenue growth and margin improvement, but on a reported basis revenue fell about 3% year-over-year due to the divestiture of TRANZACT, raising concerns about a slowdown in growth.

Nonetheless, major analysts have maintained “outperform” and “buy” ratings and raised price targets to around $380. In light of the recent sell-off, debate is likely to intensify over WTW’s valuation and its future earnings momentum.

Willis Towers Watson, headquartered in London, is a global insurance broker and a consultancy specializing in human capital, pensions, and risk management. An S&P 500 constituent, it provides commercial insurance brokerage, risk advisory services, and benefits and retirement plan design to corporations and public-sector clients worldwide.

Formed in 2016 through the merger of Willis Group and Towers Watson, the company, together with major competitors Marsh McLennan and Aon, forms the top tier of global insurance brokers.