The Triglav Group Strategy for the 2013-2017 Period

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana, hereby publishes the following notice:
 

At its session on 22 November 2013, the Supervisory Board discussed and adopted the Triglav Group Strategy for the 2013-2017 period. The said strategy is a revised Strategy for the 2011-2015 period, due to the changed economic conditions in the markets on which the Triglav Group operates. The mission and vision of the Triglav Group remain the same, oriented towards operating profitably and safely, therefore BUILDING A SAFER FUTURE.

The Triglav Group’s strategic objectives for the 2013-2017 period are as follows:

• profitable operations and increase of the value of the Triglav Group;
• client orientation;
• simplification of business processes and cost efficiency, along with adequate staffing structures;
• achieving adequate growth and profitability rates on key markets and maintaining efficient corporate governance of the Triglav Group’s companies.

Return on equity (ROE) is planned to be above 10% by 2017. The combined ratio is planned at approximately 95%. Profitable growth will be ensured by its highly competitive quality services, efficient risk management and the overall financial stability of the Triglav Group, enabling it to maintain its “A” rating from an established credit rating agency.

The Triglav Group plans further growth and development in its target markets in SE Europe by winning at least a 10% market share in all of its foreign markets. On the Slovene market, it will focus on profitability and maintaining the largest market share. So as to further expand and develop on the domestic market, special attention will be paid to health and pension insurance products.

The dividend policy of Zavarovalnica Triglav remains the same and arises from the target capital adequacy pursuant to which the Triglav Group will always have enough available capital to independently ensure its “A” rating. It is also based on the plans for the further growth and development of the Group within its target markets in SE Europe.

Andrej Slapar, President of the Management Board said:”In the reporting period, the Triglav Group maintained a high level of financial stability and profitability and remains one of the leading insurance and financial groups in the region. Growth on foreign markets and the strengthening of its leading role on the Slovene market are our goals for the future. To this end, the Triglav’s Strategy for the 2013-2017 period was revised and adapted to the economic situation. Our operations will be focused on our core business, and on the profitability and safety of our operations.”

This information will be published on the website of Zavarovalnica Triglav at www.triglav.eu as of 22 November 2013 and will remain available on the Company's public website for a period of at least five years.