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Profit Above the Budgeted Level, Proposed Dividend of EUR 2.50

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav d.d.: “In 2017, we consistently implemented our strategy and achieved good business results. In line with the new dividend policy, the Management Board and the Supervisory Board of the Company will propose to this year’s General Meeting of Shareholders to pay out a dividend in the amount of EUR 2.50 gross per share. The aim of the new dividend policy is to realise the following three objectives in a balanced way: to achieve medium-term sustainable target capital adequacy of the Group, to reinvest net profit in the implementation of the strategy of growth and development of Triglav Group and to pay out attractive dividends to the shareholders.”

 

Triglav Group ended 2017 with a profit and in compliance with its strategic guidelines. Triglav Group generated profit before tax of EUR 84.4 million (planned at EUR 70–80 million). On a global scale, 2017 particularly stood out in terms of catastrophic loss events. This was effectively compensated with high premium growth and a good cost control. The share of expenses in written premium dropped by 0.5 percentage point to 24.8% compared to the preceding year. Returns on investments (excluding return on unit-linked life insurance) declined by 4% compared to 2016. The decrease was lower than expected, with some impact resulting from specific one-off events such as realised capital gains. The return on equity (ROE) of the Group was 9.3%.

 

At its session on 29 March 2018, the Supervisory Board of Zavarovalnica Triglav d.d. approved the Audited Annual Report of Triglav Group and the parent company for 2017. The Supervisory Board and the Management Board of Zavarovalnica Triglav d.d. will propose to the General Meeting of Shareholders to allocate a part of the accumulated profit in the amount of EUR 56,837,870.00 to dividend payment, accounting for 82% of consolidated net profit for 2017. The proposed dividend amounts to EUR 2.50 gross per share. The regular annual General Meeting of Shareholders is scheduled for 29 May 2018.

 

Business Plan of the Triglav Group for 2018

 

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav d.d.: “We have set ambitious goals for 2018, projecting a higher premium and profit before tax than planned for 2017. We view the year 2018 as an important step towards realising our vision, which is to dynamically develop new ways of doing business as the foundation of the Group’s responsible long-term development, while at the same time operating profitably and safely.”

 

More information in Business Plan 2018.

 

 

Zavarovalnica Triglav’s Share Wins Prime Market Share of the Year Award

 

On an award ceremony in the context of the pre-New Year’s gathering of the management boards of financial market participants, the Ljubljana Stock Exchange presented the Prime Market Share of the Year Award to Zavarovalnica Triglav d.d.

 

The Ljubljana Stock Exchange awards for the most successful shares on the Slovene market are based on statistical criteria, such as turnover, price growth, turnover growth and the number of trading days with an individual share in a one-year period.

 

 

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