Triglav makes net profit of EUR 52.3 million in nine months of 2017

Triglav Group had pre-tax profit of EUR 64.5 million in the nine months of 2017 (as opposed to last year's EUR 67.5 million) and net profit of EUR 52.3 million (EUR 53.6 million last year).

Compared to the corresponding period of 2016, the company announced, Triglav Group realized a growth of premiums of 8% (EUR 777.1 million).

The growth of premiums was realized in all three segments of the insurance business. The premium of property insurance grew by 8%, whereas that of life insurance grew by 3%. Finally, the health insurance premium grew by 14%.

The group realized a growth of premiums in all its markets, namely, 7% on average in the Slovenian market, and 11% outside of Slovenia. In 2017, the situation in insurance markets has been gradually improving, but the aggressive price competition remains.

In the third quarter of 2017, Triglav Osiguranje Beograd realized a growth of total premium of 29% (calculated in euros) y/y.

The segment of non-life insurance realized the growth of 25% (in euros), of which the growth of property insurance amounted to 44% y/y. The company also realized a growth in the segment of life insurance in the amount of 117%.

Compared to the corresponding period of 2016, Triglav Osiguranje in Serbia increased its participation in the market to 5.8%, remaining in the fifth spot among the total of 19 insurance companies in Serbia.

Triglav osiguranje a.d.o. Beograd

Zavarovalnica Triglav dd Ljubljana

Triglav Group

Triglav Osiguranje

Zavarovalnica Triglav

Triglav profit

Triglav income

Triglav premium

property insurance

life insurance

non life insurance

health insurance