Triglav Group amended its cooperation agreement with its partners in the Italian motor insurance market. It estimates that it will generate a higher business volume in this market in 2026 than originally planned. However, the ultimate business volume and its impact on Triglav Group's annual results will depend on a range of factors. Accordingly, Triglav Group's 2026 earnings estimate remains unchanged.

In the second half of last year, AXA Group acquired a majority ownership interest in the insurtech company Prima Assicurazioni. Following this transaction, Prima Assicurazioni and Triglav Group continue their cooperation in the Italian motor insurance market under updated cooperation arrangements.

Triglav launched operations in the Italian motor insurance market in June last year through a partnership with the Italian insurtech company Prima Assicurazioni and Ageas Re, a reinsurer and member of the Belgian Ageas Group. On this basis, it generated EUR 693 million of business volume in 2025, representing more than one quarter of Triglav Group's total business volume. For 2026, it had originally planned a business volume of approximately EUR 400 million, but following the amendment of the agreement it now estimates that the business volume is likely to be higher. Premium volume in excess of the originally agreed level will be transferred to Ageas Re under a 100% quota share reinsurance agreement, thereby reducing Triglav's risk exposure.

Triglav Group is expanding the geographical diversification of its operations, thereby strengthening the resilience of its business model and pursuing its strategic ambitions in terms of growth, profitability and international visibility. In the Adria region, it operates through its subsidiary insurance companies, while in broader international insurance markets, including Italy, it operates in cooperation with partners. The partnership model enables it to enter new markets more efficiently, adapt flexibly to changing market conditions and capitalise on business opportunities, while also achieving a certain degree of variability in business volume. In doing so, it takes into account the broader effects of growth in its insurance portfolio, including its impact on investment activities.

For 2026, Triglav Group plans to achieve earnings before tax of EUR 170–190 million (2025: EUR 174.1 million), with a total business volume exceeding EUR 2.4 billion (2025: EUR 2,561.2 million), and a combined ratio of around 95% (2025: 93.2%).

The information is disclosed for informational purposes and will remain available on the website of Zavarovalnica Triglav, d.d., www.triglav.eu, from 1 July 2026 onwards for at least five years.