$WUW (-0,29 %)

The share is regularly green in the first half of the year and regularly red in the second half.

Despite economic challenges, such as a slight decline in GDP of 0.2% and increased uncertainty due to US customs measures, Wüstenrot & Württembergische AG ($WUW (-0,29 %)) recorded solid growth in the first quarter of 2025.

🏡 Residential business segment

• New lending business and new home loan savings business increased by 5.3% to € 4.4 billion.
• Building loan portfolio grew to € 28.8 billion (+1.3%).

🛡️ Insurance segments

• Personal insurance: sales increased by 6.3% to € 336 million.
• Life insurance: New business increased by 28%.
• Property/casualty insurance: sales up 4.4% to € 709 million; annual portfolio contribution increased by 8.5% to € 191 million.

💼 Development of earnings

• Residential segment: Result burdened by investments in new core banking system and higher risk provisioning.
• Life and health insurance: Stable earnings performance.
• Property/casualty insurance: Strong underwriting result thanks to the absence of storm damage and increases in sales.

🔮 Outlook

The W&W Group is sticking to its forecast of achieving a consolidated net profit for 2025 that is significantly higher than in the previous year. This is subject to stable capital markets, economic development and the absence of major loss events.

ConclusionThe W&W Group is robust and growing strongly in the first quarter of 2025, despite a challenging economic environment. In particular, the strong new business in life insurance and the solid development in the insurance segments underline the positive trend.

https://www.ww-ag.com/media/dokumente/investor_relations_1/berichte_1/zwischenberichte/wuestenrot_wuerttembergische_ag/2025_4/WW-AG-Quartalsmitteilung-zum-31.03.2025.pdf

The 2024 financial year presented Wüstenrot & Württembergische AG (W&W AG) with considerable challenges. However, the Group showed remarkable resilience despite high claims burdens due to natural disasters and a volatile market environment.

💰 Key financial figures 2024

• Consolidated net income (IFRS): Net income was significantly below the previous year's figure of € 141 million, which is attributable to high claims expenses.
• HGB result: Despite the challenges, the aim is to achieve a surplus at the previous year's high level.
• Administrative expenses: Costs rose moderately by 4.7% to €1.09 billion, which is below the inflation rate.

🏡 Residential business division

• New lending business: In the first half of 2024, new lending business increased by 18.4% to € 2.17 billion, which is above the industry average of 15%.
• Building society loans: New business with building society loans grew by 38.2% to € 492.5 million.
• New home loan and savings business: Despite a decline to € 5.65 billion, new business remained at a solid level.

🛡️ Insurance business segment

• Life insurance: At € 1.59 billion, new business by premium sum was slightly below the previous year's figure (-1.3%), with occupational pension provision remaining stable.
• Health insurance: New annual premiums grew by almost a third compared to the previous year.
• Property/casualty insurance: Gross premiums written rose by 7.7% to €1.82 billion, with all three lines of business - private, motor and corporate customers - recording growth.

📊 Market environment and competitors

W&W AG operated in a challenging market environment characterized by:

• Natural disasters: High claims expenses due to severe weather events had a negative impact on the insurance industry as a whole.
• Interest rate environment: Rising interest rates had a positive impact on the home loan and savings business, but led to a reluctance to pay single premiums in life insurance.
• Competition: Despite intense competition, W&W AG was able to maintain its market position and achieve above-average growth in some areas.

🔮 Outlook for 2025

W&W AG is cautiously optimistic about the 2025 financial year:

• New business: a strong start to 2025 with double-digit growth rates in several divisions points to a positive development.
• Strategy: The focus is on digitalization, increasing efficiency and sustainable growth in order to meet the challenges of the market
• Risks: Unforeseeable major claims and economic uncertainties remain risk factors that are continuously monitored.

Conclusion: Despite considerable external burdens in 2024, W&W AG ($WUW (-0,29 %)) demonstrated stability and adaptability. With a clear strategic focus and a solid start to 2025, the company is well positioned to master future challenges.

A highlight every year when $WUW (-0,29 %) distributes.