Business News


Triglav Aiming for Group Net Profit of EUR 65.6M in 2014

Ljubljana, 19 December (STA) - The group around insurer Zavarovalnica Triglav plans a net profit of EUR 65.6m in 2014 on the back of gross written premiums of EUR 902m, according to the business plan adopted by the supervisory board on Thursday.

The business plan is based on the recently adopted strategy 2013-2017 which sees Triglav achieving a return on equity in excess of 10% by 2017 and a combined ratio, an insurance industry measure of profitability, of around 95%.

Triglav posted a EUR 56.6m net profit in the first nine months of 2013, up 12% over the same period last year, though gross written premiums dropped 4% year-on-year to EUR 702.8m.

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