Wuerttembergische Lebensversicherung AG http://www.alacrastore.com/company-snapshot/Wuerttembergische_Lebensversicherung_AG-2105083 Monday, September 08, 2008 1:10:38 PM 2105083 Wuerttembergische Lebensversicherung AG en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/639638spcred/639638normThe latest Full Report from S&P3/28/2008 1:15:20 PMFull Report400global639638GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsInsuranceFull ReportBroad, diversified sales network and retail-customer base Sound capitalization Modest earnings power and untapped cross-selling potential Consistent groupwide management system still under way The 'BBB+' long-term counterparty credit and insurer financial strength ratings on the various core operating entities of the Germany-based Wuestenrot&Wuerttembergische bancassurance group (W&W) reflect the group's broad, diversified sales network and retail customer base and sound capitalization. The ratings are constrained by its modest earnings power and untapped cross-selling potential, and group risk management and controls that require further development. W&W's core operating entities in insurance comprise Wuerttembergische Lebensversicherung AG (WL; life) and Wuerttembergische Versicherung AG (WV; non-life). Its banking entities are Wuestenrot Bausparkasse AG (Wuestenrot BSK; building society) and Wuestenrot Bank AG Pfandbriefbank (WuestenrotDEU40301020 403010 4030 40Wuerttembergische Lebensversicherung AG326116EUROMIDAFRWLV@GRFULLDEUD9797R40201020 402010 4020 4040301020 403010 4030 4040102010 401020 4010 40Wuestenrot Bausparkasse AGWuestenrot&Wuerttembergische AGWuestenrot Bank AG PfandbriefbankWuerttembergische Versicherung AG367263314518314516316684EUROMIDAFR3035Z@GR1055Z@GRWRTTF1058Z@GRGLOBISSFIINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/639639spcred/639639normThe latest Summary from S&P3/28/2008 1:15:20 PMSummary175global639639GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceSummaryThe 'BBB+' long-term counterparty credit and insurer financial strength ratings on the various core operating entities of the Germany-based Wuestenrot&Wuerttembergische bancassurance group (W&W) reflect the group's broad, diversified sales network and retail customer base and sound capitalization. The ratings are constrained by its modest earnings power and untapped cross-selling potential, and group risk management and controls that require further development. W&W's core operating entities in insurance comprise Wuerttembergische Lebensversicherung AG (WL; life) and Wuerttembergische Versicherung AG (WV; non-life). Its banking entities are Wuestenrot Bausparkasse AG (Wuestenrot BSK; building society) and Wuestenrot Bank AG Pfandbriefbank (Wuestenrot Pfandbriefbank). The two-notch-lower rating on Wuestenrot&Wuerttembergische AG (W&W AG; BBB-/Stable/A-3) recognizes the subordination of the holding company's creditors to the seniorDEU40301020 403010 4030 40Wuerttembergische Lebensversicherung AG326116EUROMIDAFRWLV@GRSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/409574_pr_framefitch/409574_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Wuerttembergische Krankenversicherung AktiengesellschaftWuerttembergische Lebensversicherung AGWuerttembergische Versicherung AGWuestenrot & Wuerttembergische AG807104038096205380962056815734623/6/2008 10:17:00 AM01010100010103000101030385Press ReleaseWLV2WUW409574_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/409575_pr_framefitch/409575_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Wuerttembergische Krankenversicherung AktiengesellschaftWuerttembergische Lebensversicherung AGWuerttembergische Versicherung AGWuestenrot & Wuerttembergische AGWuestenrot Bank AG PfandbriefbankWuestenrot Bausparkasse AGWüstenrot Bank AG803604738036069980362378807104038096205380962056815734623/6/2008 10:17:00 AM0101010001010300010103030101070085Press ReleaseWLV2WUW409575_pr_frameCredit & Investment ResearchFitch Research