W&W Group Reports Growth Amid Economic Challenges

The Wüstenrot & Württembergische Group (W&W) has expanded its key portfolio figures amid a challenging year for the housing market. The company's new lending business grew by 17.6% as of September 2024, reflecting robust activities despite economic headwinds in Germany. W&W's net income, however, suffered due to heightened claims from natural disasters, leading to a net profit of EUR 5 million, a significant drop from the previous year's EUR 101 million.

In the Housing division, Wüstenrot Bausparkasse disbursements saw a 40.9% increase. Insurance segments also posted growth, with Württembergische Versicherung's property/casualty premiums up by 7.5%. The group's ability to maintain operational progress despite adverse conditions underscores strategic resilience, bolstered by low interest rates and increasing real estate investment.