• Willis Towers Watson Public average return on tangible equity for 2023 was -44.04, a 79.85% decline from 2022.
• Willis Towers Watson Public average return on tangible equity for 2022 was -218.53, a 61.25% decline from 2021.
• Willis Towers Watson Public average return on tangible equity for 2021 was -135.52, a 421.23% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.