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Triglav Group Investor Presentation

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Dividend of EUR 2.50 gross per share

The 44th General Meeting of Shareholders passed all the drat resolutions of the Management and the Supervisory Boards of the Company. An amount of EUR 56.8 million will be allocated to dividend payment or EUR 2.50 gross per share, accounting for 70% of consolidated net profit for 2018. The shareholders granted a discharge to both the Management and the Supervisory Board for 2018 and appointed the audit company Deloitte revizija, d.o.o., Ljubljana auditors of Zavarovalnica Triglav for the 2019, 2020 and 2021 fiscal years.


  • Date of record in the register of shareholders, to establish entitlement for dividends: 12 June 2019
  • Ex dividend date: Tuesday, 11 June 2019
  • The company will ensure funds for payment of all dividends on the account of KDD on: 13 June 2019


Premium and profit growth in Q1 2019

In Q1 2019, Triglav Group posted a profit before tax of EUR 29.9 million (index 108 y-o-y). It was influenced by the sound performance of the insurance business and higher net gains on the sale of financial assets. Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: “We are pleased with the performance in the first three months of 2019. Taking into account the business conditions anticipated until the end of the year, we confirm our annual profit guidance.


Group achieved an 8% growth in consolidated gross written premium totalling EUR 317 million in the reporting period. Premium growth of Triglav Group in the most markets of Triglav Group exceeded the growth of the whole market. In Slovenia, where Triglav collects 76% of consolidated premium, average premium growth stood at 6% (market growth was 5%) and 10% in the markets outside of Slovenia. Gross claims paid totalled EUR 166 million, down by 3% y-o-y. They were not significantly affected by major CAT events.


As at the reporting date, the Group’s financial investments totalled EUR 3.2 billion. The rates of return on investment (excluding the rates of return on unit-linked life insurance contract investments) equalled EUR 33.5 million. Compared with 2018, they increased due to higher net gains on the sale of financial assets. Net interest income continued to decrease due to the low interest rate environment.


In 2019, in line with the strategic guidelines of strengthening the asset management business, Triglav Group established in Macedonia’s market Triglav penzisko društvo AD, Skopje, a company for the management of compulsory and voluntary pension funds. In Slovenia, it successfully completed the acquisition of the asset management company ALTA Skladi. Through its two asset management companies, Triglav Group is becoming the leading provider of mutual funds in the Slovene market. 

Issue of a New Subordinated Bond

Zavarovalnica Triglav has successfully issued a 30.5-year subordinated bond (Tier 2 pursuant to the Solvency II regulations) with the first call date after 10.5 years, More information in announcement.

Business Plan 2019 and Revised Strategy

More information in Plan for 2019 and Strategy 2019 – 2022.


Market Maker of Triglav’s Share

Zavarovalnica Triglav entered into an agreement with the LJSE member firm InterCapital Securities, which will perform the market-making service for the ZVTG share. The provision of the market-making service will start on 1 February 2019. This new service complements other investor relations activities that are systematically performed by Zavarovalnica Triglav. Andrej Slapar, President of the Management Board of Zavarovalnica Triglav d.d. commented: “Triglav systematically performs a series of investor relations activities with the aim to further increase the liquidity of our shares and create additional value for our shareholders. Our endeavours will now be supported by the market-making service for our shares. Until recently, this service was not performed on the Ljubljana Stock Exchange and we are pleased that the member firm InterCapital Securities will now provide it to us.”