2020: Good business results in an extremely challenging year

During the COVID-19 pandemic and the low interest rate environment in 2020, Triglav Group demonstrated its resilience and financial strength. According to unaudited data, Triglav achieved profit before tax of EUR 90.9 million (index 90) and an increased volume of written premium of EUR 1,233.8 million (index 104). Triglav Group, which was again assigned the high, “A” credit rating in 2020, ensured business continuity and stable, client-focused operations. Employee and client satisfaction, which are continuously monitored by the Company, reached the highest levels ever measured in 2020.

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: “The situation in the business environment and the capital markets had a negative impact on our profit, but we are nevertheless satisfied with the business results. Triglav Group demonstrated its resilience to extremely difficult business conditions, maintaining its financial strength and proving its ability to adapt effectively to changes. This year, financial markets and economic recovery have remained under the impact of the epidemiological situation of unknown proportions at the global level, which means that we will continue to operate in an uncertain and difficult business environment.”

More information available in public announcement and Investor presentation.

The Annual Report of Triglav Group and the parent company will be published on 31 March 2021 in line with the financial calendar.

Commitment to Sustainability (ESG)

By pursuing its mission to build a safer future, Triglav Group is realising its sustainability goals. As at the 2020 year-end, the Group’s sustainability efforts were upgraded by adopting a formal document entitled “The Triglav Group’s commitment to sustainability”, which comprehensively sets out the directions of the Group’s development in the environmental, social and governance areas (ESG).

Triglav Group 2020 plan

In view of the selected probable scenario of business conditions in 2021, Triglav Group plans to increase its consolidated gross written premium to EUR 1.2–1.3 billion and its profit before tax to EUR 85–95 million. The Group’s combined ratio is planned at below 95%, which is in the lower (favourable) end of the range of its average target strategic value of around 95%.
Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: “We are operating in difficult times, which are demanding not only for us, but for all our stakeholders. The scale of the epidemiological situation at the global level is uncertain also from a macroeconomic point of view, financial markets are volatile and affected by low/negative interest rates, while a highly competitive environment dominates the markets. In this environment, we remain focused on the guidelines of our strategy, which we are implementing consistently. We assess that the Group is financially sound, reliably manages risks, operates profitably, and is gradually and effectively being digitally transformed.”

More information available in public announcement and plan.

S&P reaffirms “A” credit ratings with a stable outlook

Following its regular annual revision on 11 September 2020, S&P Global Ratings (hereinafter: S&P or the agency) reaffirmed the “A” Long-Term Credit Rating and Financial Strength Rating with a stable medium-term outlook of Triglav Group and thereby of its parent company and its subsidiary Pozavarovalnica Triglav Re. The high rating is a reflection of the stable and profitable operations of Triglav Group, its strong capitalisation, sound reinsurance protection and its leading position in the domestic and regional insurance markets. The “A” credit rating exclusively reflects the Group's stand-alone credit risk profile.


More information available in public announcement and S&P full report.

Insurance Supervision Agency’s Call about dividends

More information available in public announcement as at 31 March 2020 and as at 20 August 2020.


Reports and announcements

Financial reports
Audited and unaudited reports
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Financial calendar
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Ad-hoc information
Regular informations from the Ljubljana Stock Exchange
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Plan and strategy
Annual plan of operations of the Triglav Group for 2020
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Calendar of presentations for investors