TRIGLAV Group plans to generate EUR 60.6 million net profit in 2012

11 January 2012 — Vlad BOLDIJAR
TRIGLAV Group plans to generate EUR 60.6 million net profit in 2012
triglav"In 2012, the TRIGLAV Group will generate EUR 60.6 million in net profit and earn a total of 984 million in gross written premium", announced the company in early January. At the same time, combined ratio target is set at 95.3%.

The TRIGLAV Group is present in eight markets and is the leading insurance-financial group in Slovenia and one of the leading groups in South-East Europe. Despite a difficult situation last year, the Group's business is successful and stable. It this period it managed to retain high financial strength, which was confirmed by "A" rating with a stable medium-term outlook by STANDARD & POOR's Ratings Services.

In the first 3 quarters of 2011, net profit of Zavarovalnica TRIGLAV totaled EUR 35.0 million or 9.6% more than the year before. In the same period the insurance company posted a total of EUR 550.1 million in gross insurance and co-insurance premium.

According to the release, "it is estimated that in 2011 the TRIGLAV Group generated a net profit of EUR 54.4 million, charged EUR 989 million of gross written premium, whilst it incurred net claims in the amount of EUR 572.7 million".

Click here to read an interview with Matjaz RAKOVEC, President of the Management Board, Zavarovalnica TRIGLAV.

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