The Company’s Management Board hereby convenes the 50th General Meeting of Shareholders of Zavarovalnica Triglav d.d., to be held on 3 June 2025 at 10:00 a.m. in the Diamant Hall of the Grand Plaza Hotel, Slovenska cesta 60, 1000 Ljubljana.

More information available in the notice.

The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders a dividend of EUR 2.80 gross per share, totalling EUR 63.7 million, representing a 60% increase compared to last year. The proposal currently reflects a dividend yield of 6% on the ZVTG share, surpassing the expected average dividend yield of European insurance companies' shares for this year.

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "Our goal is to ensure that Triglav's share remains a stable, profitable and safe investment that meets shareholders’ expectations, including through its dividend yield. The Management Board and the Supervisory Board propose a dividend payout of approximately half of the consolidated net earnings recorded last year. This year's dividend would therefore exceed last year's by 60%, which was affected by the Group's lower results in the exceptionally challenging year 2023. In their proposal, the Management Board and the Supervisory Board have carefully balanced all objectives of the dividend policy, including the Group's ambitions for development and growth. To achieve this, opportunities beyond organic growth will also be explored. The proposed dividend payment makes it possible to maintain the Group's target capital adequacy in the medium term, even as capital requirements rise in line with its ambitious growth plans."

The Company is expected to announce the convening of the regular General Meeting of Shareholders on 24 April 2025, scheduled to take place on 3 June 2025.

More information available in public announcement.

On March 28, 2025, Triglav Group hosted the Capital Markets Day 2025 event in Bled, where we presented our strategic ambitions until 2030 to investors, shareholders and analysts.

Triglav Group: Very strong results achieved in 2024, with further profitable operations and business volume growth planned for 2025

In 2024, the Triglav Group exceeded its targets and achieved earnings before tax of EUR 159.0 million, with net earnings amounting to EUR 131.4 million. By 2030, its strategic ambitions are to double its earnings and significantly increase both its business volume and assets under management.

More information available in public announcement, public announcement about SFCR, annual report and investor presentation.

According to unaudited data, the Group's total business volume in 2024 reached EUR 1.72 billion, exceeding the target of around EUR 1.60 billion. In addition to strong results in both insurance and asset management, operations benefited from favourable financial market conditions, relatively favourable claims development and one-off events, particularly in the Health segment. The Group's earnings before tax reached EUR 159.0 million, while net earnings stood at EUR 131.4 million. The combined ratio for the Non-Life and Health segments was better than planned, at a favourable 93.6%. Despite ongoing uncertainty surrounding future inflationary expectations and competitive market conditions, the Group further strengthened its dominant position in the Slovenian and the Adria region insurance markets. Its solid capitalisation, strong performance and positive outlook were reaffirmed by a high "A" credit rating, with an upgraded positive outlook for the medium term. In 2025, the Group is ambitiously entering a new strategy period to 2030, with plans to double total business volume, earnings before tax and assets under management over the period.

More in the notice.

To ensure continued profitable, save and sustainable operations, the Group has adopted its business plan for 2025 and upgraded its business strategy to 2030. In 2025, the Group projects earnings before tax of EUR 130–150 million (net earnings of EUR 100–120 million) in the ordinary course of business. Its strategic ambition is to double it to EUR 250–300 million by 2030. The Group positions itself as a stable, safe and profitable investment for investors.

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In the first nine months of 2024, the Triglav Group's earnings before tax stood at EUR 124.7 million (9M 2023: EUR –10.1 million) and its net earnings amounted to EUR 106.8 million (9M 2023: EUR –9.6 million). The Group achieved strong performance across all business segments. The total business volume reached EUR 1,305.4 million, a 4% year-on-year decline. However, when factoring in the effect of the shortfall in supplemental health insurance premium in Slovenia, it recorded an 8% growth. At the end of the first nine months, the Group reaffirmed its annual earnings before tax forecast of EUR 130–150 million, which includes the compensation received from the state. The Group continues to maintain its financial stability and capitalisation within the target range.

More in the notice.

At today's 49th General Meeting of Shareholders, the shareholders passed the Management Board's and the Supervisory Board's proposal to pay out a dividend of EUR 1.75 gross per share, which represents a 5% dividend yield. Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "I would like to thank the shareholders for their trust. The decision to pay a dividend this year aligns with the Company's guideline to implement its dividend policy in a consistent manner. In doing so, the shareholders duly took note of the opinion of the Management Board and the Supervisory Board that the financial stability and the conditions for the Group's growth and development would be ensured even after the dividend payout. After a challenging year, we plan to deliver this year's results in line with our strategy. This was first confirmed by the promising results of the first quarter."

The dividend will be paid to the shareholders appearing in the Company's share register on Tuesday, 18 June 2024 (the ex-dividend date is Monday, 17 June 2024). The Company will transfer funds for the payment of all dividends on the account of Central Securities Clearing Corporation on 19 June 2024.

More information available in Notice of the Resolutions of the 49th AGM.