Wuestenrot & Wuerttembergische (WUW) Q1 2025 earnings summary

Executive summary

• Achieved strong growth in new business and portfolio across nearly all areas in Q1 2025, with some segments exceeding 10% year-over-year growth.

• Group earnings performance was positive, supported by portfolio expansion and increased insurance revenues.

Financial highlights

• Building loan portfolio increased to €28.8 billion from €28.4 billion year-over-year.

• Insurance revenue rose 6.3% in life and health (€336 million) and 4.4% in property/casualty (€709 million) segments compared to Q1 2024.

• New life insurance business grew by 28% to €128 million.

• Annual portfolio premium in property/casualty insurance increased by 8.5% to €191 million.

Outlook and guidance

• Maintains full-year 2025 earnings forecast, targeting consolidated net profit significantly above the previous year.

• Forecast contingent on stable capital markets and absence of major loss events.