Credit rating of the Triglav Group and Zavarovalnica Triglav

With the confirmed »A–« credit rating in 2015, the Triglav Group met one of its key strategic objectives (see also Section The Triglav Group Strategy for the 20132017 period), thus consolidating its financial strength, solid performance and efficient strategy implementation. 

In July 2015, the credit rating agency S&P affirmed the »A–« (excellent) long-term credit rating and the »A–« (excellent) financial strength rating of Zavarovalnica Triglav together with its subsidiary Pozavarovalnica Triglav Re, and thereby the Triglav Group. Moreover, the Agency revised its medium-term outlook for both companies from "stable" to "positive".

The latest outstanding S&P credit rating only confirms the leading market position of the Triglav Group in both Slovenia and the Adria region, its highly visible brand and its extensive sales network. Furthermore, the credit rating takes into account the high profitability of the Group’s operations, its solid capital adequacy and a high level of liquidity. 

According to the S&P rating agency, the insurance market in Slovenia, especially health and pension insurance markets, will benefit from the improved economic conditions in the country. Based on the Group’s leading market position, a good business outlook, the quality of the existing portfolio and robust risk management, S&P assigned the Triglav Group a positive medium-term outlook. This outlook also raises a possibility for the Group that S&P will improve its credit rating within the next two years, if additional progress is observed in the Slovene insurance market. 

Following its regular revision in 2015, the A.M. Best credit rating agency reaffirmed the financial strength rating of »A–« (excellent) and the issuer credit rating of »A–« (excellent) of Zavarovalnica Triglav. Credit ratings reflect solid risk-adjusted capitalisation, lasting good business results and leading competitive position of the Triglav Group in the Slovene market and the Adria region. The medium-term outlook of Zavarovalnica Triglav is "positive" as the credit rating agency assessed that the Company’s performance over the past five years was excellent and its business outlook was promising. Despite challenging conditions in the insurance markets of South-East Europe, the Group, in accordance with its strategic objectives, continues to improve its business results and carry out the planned activities aimed at further growth. The outlook reflects a solid capital adequacy and appropriate risk management of the Company. 

Furthermore, the A.M. Best reaffirmed the same credit ratings of Triglav's subsidiary Pozavarovalnica Triglav Re, thereby confirming its key role and important contribution to the implementation of the Triglav Group's strategic objectives.