The agency has reassessed Triglav's financial position as very solid and its operations as solid. AM Best notes that Triglav has a well-developed risk management system that is suitable for the risk profile and scope of business. Confirming the high credit rating of Pozavarovalnica Triglav Re, the agency emphasized its strategic importance for the Triglav Group and stated that it is well integrated into it.
AM Best believes that Triglav's capitalization reaches the highest level and is adequately adjusted to risks, while Triglav also demonstrates good financial flexibility with access to the stock and bond markets. As a positive factor, the agency mentioned that in recent years Triglav has consistently reduced its exposure to products with a guaranteed return in the life insurance portfolio, and their impact is now mitigated by higher investment returns as a result of rising interest rates.
In 2024, AM Best expects the Group to operate successfully in line with the level of recent years. This is confirmed by the good half-year results.
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