Business News

Triglav Profit Down 5% in 2013

Ljubljana, 27 February (STA) - Insurance company Triglav posted a group net profit of EUR 69.9m for 2013, down 5% over the year before but 27% above plans, according to preliminary results released on Thursday.

Group gross written premiums dropped 4% to EUR 901m.

The combined ratio, an insurance industry profitability benchmark, is estimated at 91%, an improvement of 3.7 percentage points over 2012.

The company said the results were good considering the adverse economic and financial circumstances.

Full unaudited results are to be released next Friday.

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