Willis announces $87m profits

Worldwide insurance broker Willis Group Holdings Limited (NYSE: WSH) has reported its monetary results for Q2 and for the first six months of 2009.

Since the quarter Willis made a net income of $87m, or $0.52 per diluted pay out, a massive increase on the $39m reported for the same age last year.

This was partly due to a number of queer items in Q2 2008, such as the acquisition of Hilb Rogal & Hobbs Proprietorship (HRH), which totalled a cost of $62m.

However, the net takings was much lower than that achieved in Q1, when the solid made a net income of $192m.

Total revenue rose from $661m to $784m, essentially due to the acquisition of HRH.

For the first half of the year Willis made a make income of $279m, or $1.67 per diluted share, up strictly from the $205m made during the same time in 2008.

Mount Up To revenues also rose, up by 18% to reach $1,714m.

Chairman and CEO Joe Plumeri has described the three-monthly results as excellent, and a reflection of the diverse strength the determined enjoys.

Plumeri went on to say that the HRH integration was progressing self-possessed better than expected.