What does cumulative gross losses and impairments mean?

This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

Willis Towers Watson WTW Cumulative Gross Losses and Impairments

Discontinued — last reported Q2 '18

Cumulative Gross Losses and Impairments at other companies

CBIZCBZ

$83.99M—

W.R. BerkleyWRB

——

Webster Financial CorporationWBS

——

Segments

By segment

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Health Wealth And Career$911M0.0%

Risk And Broking$362M0.0%

Other financials

Income statement

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Revenue$2.4B+8.5%

Operating income$448.0M+3.7%

Net income$297.0M+26.4%

EPS (diluted)$3.10+33.0%

Balance sheet

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Cash & equivalents$1.9B+23.1%

Total debt$6.9B+16.5%

Total equity$8.0B-1.9%

Total assets$29.6B+5.6%

Cash flow

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Operating cash flow-$10.0M+71.4%

CapEx$55.0M+7.8%

Free cash flow-$65.0M+24.4%

Valuation

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Market cap$24.69B-9.7%

Enterprise value$29.74B-5.3%

P/E14.8×—

P/S2.5×-0.3×

Profitability

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Operating margin22.7%+14.8pp

Net margin16.8%—

FCF margin15.8%+3.4pp

Returns & leverage

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Return on equity20.7%—

Debt / equity0.9×+0.1×

Current ratio1.2×0.0×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Willis Towers Watson’s 10-Q, filed August 6, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does cumulative gross losses and impairments mean?: This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.