Westwood Crushes Q2, Eyes $3B Revenue by 2029

Westwoods Q2 earnings soar with 11% organic revenue growth, reaching $378.8 million, and adjusted EBITDA surges 14% to $85.5 million. Theyve eliminated earnout liabilities and expanded margins. Insurance Advisory Solutions thrived with 10% organic growth, driven by robust new business. Underwriting, Capacity and Technology Solutions grew 21%, while Mainstreet Insurance Solutions remained flat. Despite headwinds, Westwood launched exclusive embedded insurance, acquired Hippos homebuilder network, and partnered with MultiStrat. They now project $1.5-1.52 billion revenue, high single-digit organic growth, and at least $345 million adjusted EBITDA. Despite market pressures, Westwood aims for double-digit profitable growth, targeting $3 billion revenue and 30% margins by 2029. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/182e36a95253b04d