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Triglav Group Investor Presentation

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Analyst Conference on Triglav Group under Solvency II in 2017

On 21 June 2018 Zavarovalnica Triglav held an analyst conference on Triglav Group under Solvency II in 2017 at the Triglav LAB innovation center. For more information see the attached presentation.

 

     

 

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Dividend of EUR 2.50 gross per share

At this years's 43rd General Meeting of Shareholders of Zavarovalnica Triglav d.d., the shareholders adopted the proposed draft resolution on the distribution of accumulated profit for 2017. A part of accumulated profit in the amount of EUR 56,837,870.00 will be distributed to dividend payments, which equals EUR 2.50 gross per share. The shareholders took note of the Annual Report of the Triglav Group and Zavarovalnica Triglav for 2017 and granted a discharge to both the Management Board and the Supervisory Board of Zavarovalnica Triglav d.d. for 2017. See Notice and the Ljubljana Stock  Exchange announcement

 

In Q1 2018 Profitable Operations and Premium Growth in all Markets of the Group

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav: “We are pleased with the results achieved in the first quarter. Taking into account the business conditions anticipated until the end of the year, we estimate that the annual profit before tax of the Triglav Group will be within the planned range. We have observed that the growth in the volume of operations in the insurance markets of the region has continued to be positive; however, at the same time we have to take into account strong competition on these markets. In line with our strategy, our products and services are being developed and tailored to meet client needs and the specificities of individual markets. With a team of over 5,000 employees, we are not only further strengthening our existing strong competitive advantages but also carrying out intensive sales activities.

 

1Q 2018 profit before tax stood at EUR 27.5 million, up by 8% compared to the same period last year, while net profit totalled EUR 23.3 million or 5% more compared to Q1 2017. The Triglav Group booked a 4% higher consolidated gross written premium totalling EUR 293 million, recording premium growth in all markets of the Group. The performance of the Group in the first three months of 2018 was not affected by any mass loss events. According to expectation, return on financial investments was lower compared to the same period last year. The Triglav Group, the leading insurance/financial group in the Adria region, has continued to implement its strategic guidelines in 2018. In accordance with its development and growth strategy, last year the Group entered the voluntary pension insurance market in Bosnia and Herzegovina and the Macedonian life insurance market, while this year the Group is entering the pension insurance market in Croatia by acquiring the majority stake in a pension insurance company.

 

Business Plan of the Triglav Group for 2018

The Group plans to generate between EUR 80 and 90 million in profit before tax and earn a total of over EUR 1 billion in consolidated gross written premium, while the combined ratio target is set at a favourable level of around 95%. In 2018, the Group's operations are expected to be marked by an improved macroeconomic situation in the region, increased competitiveness in insurance markets and further lower return on investment on account of low interest rates. The Group’s goal is to continue with the consistent implementation of the 2017-2020 Strategy in order 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.