- The Triglav Group delivered very strong results in 2025, with earnings before tax rising by 9% to EUR 174.1 million and net earnings increasing by 4% to EUR 136.7 million.
- Compared to 2024, the Group's total business volume grew organically by 9% to EUR 1,868.3 million, and including the new business from the Italian market, it reached EUR 2,561.2 million (49% growth). The combined ratio Non-Life and Health stood at a favourable 93.2%.
- In addition to delivering strong financial results, the Triglav Group carried out numerous other strategic activities in 2025 – ranging from the development of new products and services and the enhancement of existing ones to its ongoing digital transformation and the pursuit of its sustainability ambitions. These are described in more detail in the published annual report[1], available on www.triglav.eu. Information on the solvency and financial condition of the Group and its parent company is available in separate reports also published on www.triglav.eu.
- The Management Board and the Supervisory Board of Zavarovalnica Triglav will propose to this year's General Meeting of Shareholders to pay a dividend of EUR 3.00 gross per share, or EUR 68.2 million in total, representing 50% of the Group's net earnings for 2025. Based on the current data, this reflects a 4.8% dividend yield on the ZVTG share. In accordance with the financial calendar, the notice convening this year's General Meeting of Shareholders will be published on 23 April 2026, and the General Meeting will be held on 2 June 2026.
Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, commented: "We are very satisfied with the results achieved in 2025. Business volume increased organically and its share outside Slovenia strengthened. Profitability was achieved in both the insurance and asset management segments, while strong capital adequacy was maintained. In 2026, we will continue to pursue our strategic ambitions to 2030, with earnings before tax planned at EUR 170–190 million and total business volume exceeding EUR 2.4 billion. These ambitions are supported by solid foundations – a well-established brand built over 125 years, high credit ratings, a leading position in the Adria region, an increasingly international business, and a motivated team of more than 5,100 employees. On this basis, Triglav confidently advances its further growth and development."
PLAN FOR 2026 AND STRATEGIC AMBITIONS TO 2030 (financial highlights)
- Earnings before tax: EUR 170–190 million in 2026, EUR 250–300 million by 2030.
- Total business volume: Over EUR 2.4 billion in 2026 and EUR 2.5–3.0 billion in 2030; AuM above EUR 10 billion in 2030.
- Combined ratio NL & H: Around 95% in 2026, below 95% in 2025–2030. ROE of 12–13% in 2030.
- The Group strives to position itself as a stable, safe and profitable investment for investors. It aims to pay out dividends of approximately EUR 400 million to shareholders over the period 2025–2030, in line with its dividend policy, while maintaining its target capital adequacy and ensuring the right conditions for growth and development.
The 2026 business plan and strategic ambitions to 2030 are based on the outlook, expectations about events and circumstances, and forecasts available at the time of their publication. However, actual results, performance and events may differ significantly from these projections.
CREATIVE DESIGN OF THE ANNUAL REPORT: “OUR SIGNATURE ON SUCCESS. OUR SIGNATURE ON THE FUTURE.”
With the 2025 annual report, the Group symbolically put its name to 125 years of success. The guiding principle of its story has been simple: if you really stand behind something, you’ll be happy to put your name to it. It therefore puts its name to the milestones, achievements and goals that it has consistently reached and surpassed for more than a century, and confirms its commitment to the responsible and long-term creation of value. The focus of the report, reflected in the slogan “Our signature on the first 125 years”, is not only a nod to tradition, but also a personal commitment on the part of the company’s employees to its values and to customer safety and security.
The report illustrates this commitment through the story of a team of colleagues whose knowledge and dedication are helping to create the Triglav Group’s success. The photographs and presentations of their key achievements and results uncover the human face of the company and go beyond the classic presentation of financial indicators. The Triglav Group therefore comes across as a living, modern organism, one that combines a rich tradition and an agile culture, and strengthens stakeholder trust through the personal “signature” of its employees.
