Insurance Age

Net income boost for Willis

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    • Liz McMahon

    • Indicative reading time: 1 minute

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Willis releases results for second quarter

Willis has reported a net income of $279m (£169m) for the first six months of 2009, compared with $205m last year.

Total reported revenues for this period rose by 18% from just over $1.4bn last year to $1.7bn.

Net income for the second quarter of 2009 increased by $48m from last year to $87m and reported revenues were up by 19% to $784m.

Willis said the boost in profit was largely due to the acquisition of Hilb Rogal & Hobbs Company, while the effect of foreign currency translation decreased

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