AM Best affirms high "A" credit ratings with a stable medium-term outlook

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

At its regular annual review, the rating agency AM Best (the Agency) has reaffirmed the Financial Strength Rating of "A" (Excellent) and the Long-Term Issuer Credit Rating of "a" (Excellent) of Zavarovalnica Triglav and Pozavarovalnica Triglav Re. All elements of this year's ratings remain at the same level as last year, while the ratings maintain a stable medium-term outlook.

The high ratings reflect the Agency’s opinion that Triglav has a very strong financial position, operates successfully, and manages risks appropriately. The impact of the company’s business profile and majority state ownership on the rating remains neutral. In reaffirming the high rating of Pozavarovalnica Triglav Re, the Agency emphasized its strategic importance to Triglav, together with its strong integration into the group.

According to AM Best, Triglav’s capitalization is at the highest level and aligned with its risk profile. It highlights Triglav’s good financial flexibility, with proven access to equity and debt markets.

In its operations, it benefits from competitive advantages, including a leading position in Slovenia and the Adriatic region and a well-diversified portfolio. After two challenging years, Triglav generated strong results in 2024. The Agency expects it to operate very successfully in 2025, with full-year results in line with Triglav’s upgraded profit guidance. This is also confirmed by the strong half-year results.

The Agency’s press release is published on the website www.triglav.eu under the Investor Relations tab.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu, as of 10 October 2025 and will remain available on the Company's public website for a period of at least five years.