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According to unaudited data, in 2023 the Triglav Group's total revenue rose by 12% to EUR 1,780.2 million, while its earnings before tax amounted to EUR 21.1 million. Earnings are in line with the mid-year estimate published by the Group due to one-off events, in particular the regulated price of supplemental health insurance in Slovenia and record high CAT claims, the impact of which on the Group's operations was limited by adequate reinsurance protection. Due to these circumstances and inflationary pressures affecting claims and expenses, the combined ratio of Non-Life and Health segments increased to 101.6%. The Triglav Group maintained its capital strength and stability, which was confirmed by the re-affirmed high "A" credit ratings with a stable medium-term outlook. It consistently carried out its strategic development activities and achieved its sustainable ambitions. In 2024, the Group anticipates that business conditions will return to normal and plans a total business volume (taking into account the impact of the discontinuation of supplemental health insurance) of around EUR 1.6 billion, earnings before tax of EUR 100–120 million and a combined ratio of Non-Life and Health segments of around 95%.
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