STA, 15 May 2019 - The group around the insurance company Zavarovalnica Triglav posted a pre-tax profit of EUR 29.9 million in the first quarter of 2019, up 8% year-on-year, while also recording the same growth rate in consolidated gross premiums, which amounted to EUR 317 million, shows the unaudited quarterly report released on Wednesday.
The report says that the group's premium growth on most of its markets exceeded the growth of the markets as a whole.
In Slovenia, where the group collects 76% of consolidated premiums, the average premium growth stood at 6% (compared to the market growth of 5%) and 10% in the markets outside Slovenia.
In terms of individual insurance segments, premium growth was recorded in all non-life insurance classes, the company said.
In the life and pension insurance segments, premium declined by 2% compared with the same period last year, while health insurance premium increased by 20%.
Gross claims paid by the group totalled EUR 166 million, down by 3% compared to the first quarter of 2018, while net claims incurred were at the expected level, up by 6% compared to last year.
At the end of the first quarter, the group's financial investments totalled EUR 3.2 billion.
Commenting on the results, chairman Andrej Slapar said the company was pleased with the performance, adding that it "pursues the set strategy to become a modern, innovative and dynamic insurance and financial group".