During the quarter, total revenues increased to $871m, compared to $819m of same period in the corresponding year.
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The fourth quarter 2012 adjusted earnings per diluted share were negatively impacted by higher taxes primarily caused by cumulative tax adjustments related to a change in the geographic mix of income and higher estimated state tax costs that were recorded in the current quarter.
The North America segment reported 4.7% commissions and fees growth in the fourth quarter of 2012 compared to the fourth quarter of 2011, reflecting a negative 0.3% impact from foreign currency movements and 5.0% organic commissions and fees growth.
Net loss for the full year of 2012 was reported as $446m, or $2.58 per dilute share, compared to net income of $204m, or $1.16 per dilute share, for the year ago period.
For the twelve months of 2012, total revenues were $3.48bn, compared to $3.44bn of the prior year same period.
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By GlobalDataAdjusted earnings from continuing operations per diluted share, which excludes the impact of items of the supplemental financial information, was $2.58 for the year ended 31 December 2012 compared with $2.74 in 2011.
Commenting on the results, Willis Group CEO, Dominic Casserley, said: "In the fourth quarter, Willis undertook a series of steps to pave the way forward for our company and our shareholders. Those actions are reflected in our reported results."
"We are laying a strong foundation at Willis, defined by the service we offer our clients and the manner in which we run our business, exemplified by the $524m of cash flow we generated in 2012, an improvement of $85m over the previous year," Casserley added.
