Wüstenrot & Württembergische

Wüstenrot & Württembergische will voluntarily move from the regulated market of the Frankfurt Stock Exchange into the Scale segment of the open market, thereby giving up the requirement for an SDAX listing. Management cited lower administrative effort as the reason; the change is expected to take effect on October 6. The annual general meeting is to raise the dividend from €0.65 to €0.75 per share. The share briefly gained. » More on finanzen.net

CFO Matthias Bogk said at the investor day that Wüstenrot & Württembergische’s housing division must be fundamentally restructured, including an IT system renewal, changed business processes and adjusted product offerings to reduce operating costs. The company also sees potential staff reductions in claims handling; W&W will provide concrete figures after talks with employee representatives. The insurance division returned to profitability in 2025, while the housing division remained loss-making, so future mortgage financing will be shifted more toward customer deposits and building savings products instead of refinancing via the capital markets. » More on finanzen.net

Financial group Wüstenrot & Württembergische increased consolidated net income in the first half by 15 percent to 105 million euros and is maintaining its annual target of 120 to 150 million euros. Loss-making mortgage lending improved, but the housing division still posted a half-year loss of 12 million euros (previous year 51 million). The property and casualty insurance business slightly increased its profit to 108 million euros, but the combined ratio worsened to 86.7 percent. CEO Jürgen Junker announced initiatives to boost earnings and a greater use of AI to lower administrative costs. » More on finanzen.net