The Slovenia Times

Insurance group Triglav's net profit up by 4% last year


Gross insurance and reinsurance premiums were up by 3% to EUR 919.1m at the group level last year, which is 4% above plans. Premiums of the core company were meanwhile down by 1% to EUR 586.3m.

Gross damages paid were down by 3% to EUR 594.8m at the group level and by 7% to EUR 390.6m in the core company.

The group's pre-tax profit reached EUR 102.5m, up 2% year-on-year, while the core company ended last year with a EUR 68.4m pre-tax profit, which is 19% more than in 2014.

Zavarovalnica Triglav had a 12.8% return on equity at the group level and 10.9% in the core company.

In Slovenia, the group holds a 44% market share in property insurance, a 35% share in life insurance and a 23% share in health insurance.

The management said in a press release that last year's improvement was mostly a consequence of growth of premiums on foreign markets and absence of major damage claims.


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