The W&W-Group News

2023

24.11.2023 W&W Group continues growth in new business

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Strong to very strong growth across nearly all lines.
Wüstenrot still on course for record performance, accompanied by strong new business in Württembergische’s life, health and property insurance.

15.09.2023 W&W Group maintains growth trajectory in H1 2023

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Consolidated net profit for first half of year up 24 per cent at €180.7 million after strong second quarter.
Record new business for Wüstenrot Bausparkasse and higher market share, significant growth at Württembergische Versicherung.

31.05.2023 W&W off to a good start in 2023

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First quarter of 2023 sees consolidated net profit of €64.1 million.
Best quarterly gross new business at Wüstenrot – total home loan savings increased by around 75 per cent.

26.04.2023 Arvetissement concernant les sites frauduleux

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Nous avons des informations que la raison sociale de notre entreprise est utilisée frauduleusement par des inconnus sur les sites.

26.04.2023 Warning about scam websites

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We have information that our company’s name is being used by unknowns on the following websites. We point out that the products offered on these websites are not products of W&W Asset Management GmbH, Ludwigsburg.

31.03.2023 W&W Group: Profit exceeds expectations

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- Good, in some cases very good new business, cost efficiency and further expansion of digital offers lead to encouraging trend in income despite adverse market conditions and negative impact of IFRS accounting.

2022

11.11.2022 W&W Group maintains successful operating business trajectory

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The Wüstenrot & Württembergische Group (W&W) further expanded its operating activities in the first nine months of 2022 and increased its market share, despite the unfavourable and highly-volatile market environment.

12.08.2022 W&W Group: Strong operational performance in first half of 2022

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The Wüstenrot & Württembergische Group (W&W) continued the successful trajectory of its operating activities in the first six month of 2022.

13.05.2022 Operationally, W&W Group starts the year strongly

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Significant growth in new business in the first quarter of 2022 – digital business is also doing well.

13.04.2022 W&W AG: Changes on the Supervisory Board

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- Chairman Hans Dietmar Sauer, Dr Reiner Hagemann and Hans-Ulrich Schulz will end their mandates as at 31 August for reasons of age.
- Edith Weymayr, Dr Michael Gutjahr and Dr Wolfgang Salzberger have been proposed as their successors.

31.03.2022 W&W Group achieves record earnings in 2021

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- Earnings are well above original expectations thanks to strong new business, a friendly capital market environment, efficiency gains and a prudent risk policy.

- Losses from the summer’s natural disasters are already fully reflected in the financial statements.

- Significant growth in real estate

31.01.2022 Wüstenrot & Württembergische AG: Net income above forecast

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According to preliminary figures for the 2021 financial year, which have not yet been audited, Wüstenrot & Württembergische AG (W&W) will post consolidated IFRS net income of EUR 350 to 360 million.

2021

12.11.2021 W&W Group right on track for 2021

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- 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

13.08.2021 W&W Group nearly doubles half-year profit

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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.

12.05.2021 W&W Group has successful start to 2021

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- 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.”

31.03.2021 W&W Group: Very solid profit

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- 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.”

2020

13.11.2020 W&W Group firmly on track

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- 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.”

14.08.2020 W&W Group: Respectable first half-year in 2020

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- 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.”

04.08.2020 W&W Group: Greater sustainability in insurance business

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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.

21.07.2020 W&W Group signs Principles for Responsible Investment

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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.