Triglav Group's total business volume in the first half of 2026 increased by 13% compared to 1H2025, reaching EUR 1,198.7 million. This was supported by premium growth across all regional markets, with the strongest increase recorded in the Italian market.

This reflects continued progress in implementing one of the Triglav Group's key strategic guidelines: the further internationalisation of business and the geographical diversification of revenue sources. Today, more than half of the Group's total business volume is generated outside Slovenia, in the markets of the Adria region, as well in international insurance markets and reinsurance. Throughout this period of growth, the Group has remained focused on business profitability and prudent risk management, as Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, noted.

According to the Group, earnings before tax amounted to EUR 105.2 million (1H2025: EUR 109.6 million), while net earnings amounted to EUR 85.7 million (1H2025: EUR 91.4 million). 2026 full-year profit guidance was reaffirmed at mid-year.

The insurance business delivered good profitability, as reflected in a favourable combined ratio of 93.9%; excluding the impact of the Italian business, it would have been below 91%. The expense ratio improved year-on-year, while the claims ratio increased mainly due to a higher volume of natural CAT events. Consequently, the nat CAT claims ratio, which forms part of the claims ratio, increased by 1.1 percentage points to 2.8%.

The insurance operating result amounted to EUR 75.2 million in the first half of the year, down 12% year-on-year, primarily as a result of more intense claims development. The net investment result rose by 40% year-on-year, supported in part by favourable financial market conditions. Together with net inflows, these conditions also drove growth in assets under management, which reached EUR 6.8 billion as at 30 June 2026.

The Group maintains a strong capital position. The estimated capital adequacy ratio as at 30 June 2026 stood at 207%, which is within the target range.

“We remain committed to creating long-term value for shareholders, clients, employees and the wider community. These results would not have been possible without the expertise, dedication and shared efforts of our employees, to whom I extend my sincere thanks”, Andrej Slapar concluded.



The full report can be found here.