Willis Group Holdings' reported profits soared in the fourth quarter, and Chief Executive Officer Joe Plumeri indicated he has no current plans to retire at his contract's end in 2008.
His comments came during a conference call to discuss the firm's financial results for 2006 that reported net income for the fourth quarter increased 169 percent, or $93 million, and rose 60 percent, or $168 million for the year.
The London-headquartered insurance brokerage firm reported net income rose from $55 million, or 35 cents a share, in the fourth quarter to $148 million, or 94 cents a share. Revenues increased 10 percent, or $59 million, from $562 million to $621 million.
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