Insurance company Willis Group Holdings has reported net income of $95 million, or $0.66 per diluted share for the fourth quarter ended December 31, 2007, compared to $148 million, or $0.94 per diluted share for the fourth quarter of 2006.
Total revenues were $639 million, an increase of 3% for the fourth quarter of 2007, compared to $621 million for the fourth quarter of 2006.
For the full-year period ended December 31, 2007, net income was $409 million, or $2.78 per diluted share, compared to $449 million, or $2.84 per diluted share for the full-year period of 2006. Total revenues were $2.6 billion, an increase of 6% for the full-year period of 2007, compared to the full-year period of 2006.
Joe Plumeri, chairman and CEO, said: This year demonstrated that our shaping our future strategy is working, with top line growth, adjusted operating margin expansion and improvement in adjusted earnings. Our extensive network encompasses some of the world’s fastest growing regions, and the diversity of our business mix and targeted growth strategies position us well for continued success.