Performance of the Triglav Group and Zavarovalnica Triglav

• Despite the challenging market conditions, economic growth had a positive impact on premium growth on the Triglav Group’s markets.
• Premium growth was recorded in all insurance segments and on all insurance markets.
• The Group’s market share was improved in Montenegro, Serbia, Slovenia and Croatia. The Group maintained its leading position in Slovenia, Montenegro and North Macedonia. 
• Unlike the year before, the year 2019 was more favourable in terms of loss events.
• Premium growth was higher than the growth in operating expenses of the insurance business. 
• Low interest rates continued to reduce returns on investment.

Net profit before tax in EUR million

Consolidated gross written premium of the Triglav Group by segment

Consolidated insurance, co-insurance and reinsurance premiums of the Triglav Group by market

Combined ratio of the Triglav Group

The structure of investments of the Triglav Group as at 31 December 2019