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2024/07/02 / Erste Group Research

Triglav Group

Triglav, headquartered in Ljubljana, Slovenia, is a leading insurance and asset management group in the Adria region and one of the leading in South-Eastern Europe. Founded in 1900, the shares of the group’s parent company, Zavarovalnica Triglav, have been listed on the Ljubljana Stock Exchange since 2008. Triglav employs over 5,300 people.

The group offers non-life, life, (supplementary) pension and health insurance as well as reinsurance and asset management services. It operates in the Adria region (Slovenia, Croatia, Serbia, Bosnia & Herzegovina, Montenegro and North Macedonia) and in the wider international environment through partnerships with foreign insurance brokerage and agency companies as well as with reinsurers. Most of the group’s written premiums (2023: 63%) stem from Slovenia, where Triglav is the clear market leader with a market share of 39.5% (market share of the no. 2 in Slovenia: 20.9%).

The Republic of Slovenia (AA-/A3/A) holds, via two state-owned funds, a combined 62.6% stake in the group’s parent company. The rating agencies S&P and A.M. Best confirmed Triglav’s “A” ratings in September 2023. The outlook on both ratings is stable.

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General information

AuthorErste Group Research
Date2024/07/02
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusSlovenia
Currency in focusEuro
Sector in focus-
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