- Consolidated net profit of EUR 236.9 million comes in above the value for the prior-year period by 39 per cent.
- Adverse effects from natural disasters losses occasioned by summer storms.
- Conservative risk strategy with forward-looking reinsurance quota proves successful also with storm losses
The Wüstenrot & Württembergische Group (W&W) enjoyed a highly successful first half of 2021, nearly doubling consolidated net profit. After-tax profit rose from EUR 107.0 million for the comparable period last year to EUR 196.2 million.
- Consolidated net profit in the first quarter rises to EUR 104.4 million.
- Strong growth in construction financing and insurance.
- Result in the upper range of the target corridor of EUR 220 to 250 million targeted for 2021 as a whole.
- Executive Board Chair Jürgen A. Junker: “The strong start to the year shows the success that the W&W Group is having with its restructuring and increased market presence.”
- Financial planning group posts strong new business and market share gains.
- A shareholder dividend of €0.65 per share will once again be proposed.
- Penetrate target markets more strongly, increase cost efficiency: The next step of the W&W transformation begins.
- Executive Board Chair Jürgen A. Junker:
“The W&W Group has done an excellent job of handling the challenges posed by the coronavirus crisis. It showed its resilience and quickly adjusted to the new conditions.”
- Consolidated net profit reaches EUR 170.4 million after nine months.
- Good levels of new business in construction financing and in the insurance segments, as well as rigorous cost management.
- Further expansion of new digital products.
- Executive Board Chair Jürgen A. Junker: “Our successful digitisation of products and processes guarantees close personal service and customer confidence – particularly in this age of the coronavirus.”
- Consolidated net profit after six months stands at EUR 107 million.
- Second quarter considerably stronger than the first quarter.
- New business continues to grow.
- Net income expectation for 2020 as a whole unchanged.
- Executive Board Chair Jürgen A. Junker: “Innovation, digitalisation and close personal service ensure that W&W will continue to prosper.”
In early August, the Wüstenrot & Württembergische Group (W&W) signed the United Nations Principles for Sustainable Insurance. The insurance group is thus increasingly embedding environmental, social and governance-related aspects (ESG) in its insurance business.
In early May, the Wüstenrot & Württembergische Group (W&W) signed the Principles for Responsible Investment (PRI). The Group thus undertakes to introduce and comply with the six Principles for Responsible Investment.
Alexander Mayer joins W&W Executive Board – Dr Gutjahr retires
At its meeting on 18 May, the Supervisory Board of Wüstenrot & Württembergische AG (W&W) renewed the contract with Chairman of the Executive Board Jürgen A. Junker (50), which was set to expire in 2021.
The Wüstenrot & Württembergische Group (W&W) posted a good first quarter in operational terms.
Following three years of transformation, the financial services group posts rising new business and records increasing success with its digital conversion.
In the third quarter of 2019, the Wüstenrot & Württembergische Group (W&W) posted encouraging business performance, continuing the trend set in the first half of the year. This is an extension of the positive effects of the Group’s new beginning, which was launched three years ago with a commitment to digitalisation. Consolidated net profit rose by 28 percent to EUR 220 million in the first nine months compared with the same period in the previous year, thus coming in ahead of expectations.
The Wüstenrot & Württembergische Group (W&W) posted a successful first half-year in 2019, in which earnings rose faster than expected. Consolidated net profits rose by around 50 per cent to EUR 175.8 million (previous year EUR 116.4 million).
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The sale of Wüstenrot Bank AG Pfandbriefbank to the Oldenburgische Landesbank (OLB) has been completed. Now that official approval has been granted, the bank will be transferred to the new owner with effect from June 1.
The Wüstenrot & Württembergische Group (W&W) records business growth significantly above its own expectations in the first quarter of 2019. Despite ongoing high levels of investment in the digital transformation and the challenging market environment, consolidated net profits rose by over a third (up 35 percent) from EUR 58.0 million in the first quarter of 2018 to 78.5 EUR million.
In 2018, the Wüstenrot & Württembergische Group (W&W) successfully continued the transformation it initiated two years ago. The financial year was characterised by a strong start for new digital products and initiatives as well as by very satisfactory new business.
New cooperation partners gained – sales force further strengthened
The Wüstenrot & Württembergische Group (W&W) has continued its solid, successful course in the year so far. Consolidated net income after taxes for January through September 2018 exceeded expectations. New business continued to develop positively overall. The W&W Group confirms the expectation of consolidated net profit of at least EUR 200 million for 2018 as a whole.
