• The Triglav Group and Zavarovalnica Triglav continued to operate profitably and safely and again surpassed the budgeted business results.
  • The Triglav Group revised its strategy to 2022, the capital management policy and the dividend policy. 
  • It maintained a favourable »A« credit rating with a stable medium-term outlook.
  • The Group’s leading position in the Slovene market was retained, whereas in the Adria region it was further strengthened.
  • Premium growth was recorded in all insurance markets and in all insurance segments.
  • To maintain stable profitability and to implement the set plans, the Group is focusing on an even greater client-centric approach and on transforming the organisational culture.

Financial highlights of the Triglav Group

 
 
 
 
in EUR million

2018
2017
2016
Index
 
 
 
 
2018/2017
2017/2016
Gross written premium from insurance, co-insurance and reinsurance contracts
1,068.4
999.9
936.0
107
107
Net premium income
951.8
891.2
849.6
107
105
Gross claims paid
679.6
642.2
606.0
106
106
Net claims incurred
626.6
620.0
577.1
101
107
Gross operating expenses
288.8
274.0
277.1
105
99
Profit before tax
97.5
84.4
95.1
115
89
Net profit
80.8
69.7
82.3
116
85
Net profit attributable to the controlling company
80.7
69.3
81.9
116
85
Combined ratio
91.8%
93.1%
92.9%
99
100
Insurance technical provisions as at 31 December
2,713.1
2,732.2
2,660.8
99
103
Equity as at 31 December
746.9
756.6
744.3
99
102
Equity attributable to the controlling company as at 31 December
744.6
749.8
734.0
99
102
Return on equity
10.8%
9.3%
11.4%
116
82
Return on equity attributable to the controlling company
10.8%
9.3%
11.5%
116
81
Book value per share (in EUR)*
32.75
32.98
32.28
99
102
Net earnings per share (in EUR)
3.56
3.07
3.62
116
85
Number of employees as at 31 December
5,166
5,151
5,046
100
102

* In calculating the book value per share, the equity attributable to the controlling company of the Triglav Group and the number of shares as at the reporting date were taken into account.

Financial highlights of Zavarovalnica Triglav

 
 
 
 
in EUR million

2018
2017
2016
Index
 
 
 
 
2018/2017
2017/2016
Gross written premium from insurance, co-insurance and reinsurance contracts
660.2
622.0
593.1
106
105
Net premium income
551.9
522.1
509.8
106
102
Gross claims paid
421.0
411.3
391.2
102
105
Net claims incurred
359.9
376.3
350.7
96
107
Gross operating expenses
174.4
167.7
164.5
104
102
Profit before tax
78.5
73.8
83.4
106
88
Net profit
65.5
62.5
75.3
105
83
Combined ratio
86.1%
87.9%
87.9%
98
100
Insurance technical provisions as at 31 December
2,061.4
2,103.4
2,076.3
98
101
Equity as at 31 December
560.1
571.4
563.4
98
101
Return on equity
11.6%
11.0%
13.8%
105
80
Book value per share (in EUR)
24.64
25.13
24.78
98
101
Net earnings per share (in EUR)
2.88
2.75
3.31
105
83
Number of employees as at 31 December
2,290
2,285
2,335
100
98



Download section The Triglav Group and Zavarovalnica Triglav in 2018

For additional information please contact:

Zavarovalnica Triglav d.d., Ljubljana
Miklošičeva cesta 19, 1000 Ljubljana
Tomaž Žust, Director of Strategic Planning and Controlling Department
Phone: ++386 (1) 47 47 449
Fax: ++386 (1) 23 16 456
E-mail: tomaz.zust@triglav.si