The Triglav Group and Zavarovalnica Triglav in 2017

  • The Triglav Group and Zavarovalnica Triglav d.d. operated profitably and safely and surpassed the key budgeted business results.
  • The new Strategy was successfully implemented in the first year of its application. 
  • The Group strengthened its leading position in the Adria region, while remaining the market leader in Slovenia. 
  • Premium growth was recorded in all insurance segments and on most insurance markets in which the Group operates and increased the value of assets under management.
  • The Group maintained a favourable »A« credit rating with a stable medium-term outlook.

Financial highlights of the Triglav Group





in EUR million

 

2017

2016

2015

Index

 

 

 

 

2017/2016

2016/2015

Gross written premium from insurance, co-insurance and reinsurance contracts

999.9

936.0

919.1

107

102

Net premium income

891.2

849.6

839.2

105

101

Gross claims paid

642.2

606.0

594.8

106

102

Net claims incurred

620.0

577.1

570.3

107

101

Gross operating expenses

274.0

277.1

297.6

99

93

Profit before tax

84.4

95.1

102.5

89

93

Net profit

69.7

82.3

88.9

85

93

Net profit attributable to the controlling company

69.3

81.9

88.8

85

92

Combined ratio

93.9%

92.9%

92.8%

101

100

Insurance technical provisions as at 31 December

2,732.2

2,660.8

2,600.4

103

102

Equity as at 31 December

756.6

744.3

704.0

102

106

Equity attributable to the controlling company as at 31 December

749.8

734.0

692.9

102

106

Return on equity

9.29%

11.37%

12.77%

82

89

Return on equity attributable to the controlling company

9.34%

11.48%

12.93%

81

89

Number of employees as at 31 December

5.151

5.046

5.379

102

94

Book value per share (in EUR)*

32.98

32.28

30.48

102

106

Net earnings per share (in EUR)

3.07

3.62

3.91

85

93

* In calculating the book value per share, the equity 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

 

2017

2016

2015

Index

 

 

 

 

2017/2016

2016/2015

Gross written premium from insurance, co-insurance and reinsurance contracts

622.0

593.1

586.3

105

101

Net premium income

522.1

509.8

517.0

102

99

Gross claims paid

411.3

391.2

390.6

105

100

Net claims incurred

376.3

350.7

349.6

107

100

Gross operating expenses

167.7

164.5

161.0

102

102

Profit before tax

73.8

83.4

68.4

88

122

Net profit

62.5

75.3

58.5

83

129

Combined ratio

89.6 %

87.9 %

86.2 %

102

102

Insurance technical provisions as at 31 December

2,103.4

2,076.3

2,053.9

101

101

Equity as at 31 December

571.4

563.4

530.6

101

106

Number of employees as at 31 December

2.285

2.335

2.341

98

100

Return on equity

11.02%

13.77%

10.89%

80

126

Book value per share (in EUR)

25.13

24.78

23.34

101

106

Net earnings per share (in EUR)

2.75

3.31

2.57

83

129



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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