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INI-229/25

ZAVAROVALNICA TRIGLAV, d.d., Ljubljana

Strong growth in Triglav Group's earnings in Q1 2025

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana is hereby publishing the following notice:

 

⇒ The Group's total business volume increased by 18% compared to Q1 2024, reaching EUR 553.7 million, primarily driven by a rise in gross written premium.

⇒ The Group's earnings before tax rose by 25% to EUR 54.3 million, while net earnings increased by 26% to EUR 46.1 million.

⇒ The Group reaffirms its annual profit guidance for 2025, taking into account the expected business conditions for the remainder of the year.

The combined ratio Non-Life and Health stood at 88.5%, remaining at a comparably low level to the previous year. The new business margin Life stood at a favourable 11.7% (Q1 2024: 14.9%).

⇒ The Group's capitalisation remains within the target range of 200–250%.

 

More detailed information on Triglav Group's performance in the first quarter of 2025 is enclosed hereto together with the presentation for investors.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 21 May 2025 and will remain available on the Company's public website for a period of at least five years.

Management Board of Zavarovalnica Triglav d.d.
Date: 21.05.2025