The group collected EUR 256.1m in gross written premiums from insurance and co-insurance contracts in the first quarter of the year, according to a business performance assessment, which Zavarovalnica Triglav will follow up with more detailed performance data on Friday.

The company plans a group net profit of EUR 65.6m for the year on EUR 902.1m in consolidated gross written premiums.

Last year profit fell by 5% to EUR 69.9m; the core company Zavarovalnica Triglav saw its net profit drop by 4% to EUR 48.3m.

The supervisory board decided today to expand the board after Stanislav Vrtunski stepped down to pursue his career in the reinsurance arm Triglav Re.

Uroš Ivanc and Radej Čaroli, respectively executive directors for finance and property insurance, will join the board pending clearance from the Agency for Insurance Supervision.