According to unaudited data, the Group's total business volume in 2024 reached EUR 1.72 billion, exceeding the target of around EUR 1.60 billion. In addition to strong results in both insurance and asset management, operations benefited from favourable financial market conditions, relatively favourable claims development and one-off events, particularly in the Health segment. The Group's earnings before tax reached EUR 159.0 million, while net earnings stood at EUR 131.4 million. The combined ratio for the Non-Life and Health segments was better than planned, at a favourable 93.6%. Despite ongoing uncertainty surrounding future inflationary expectations and competitive market conditions, the Group further strengthened its dominant position in the Slovenian and the Adria region insurance markets. Its solid capitalisation, strong performance and positive outlook were reaffirmed by a high "A" credit rating, with an upgraded positive outlook for the medium term. In 2025, the Group is ambitiously entering a new strategy period to 2030, with plans to double total business volume, earnings before tax and assets under management over the period.

More in the notice.

To ensure continued profitable, save and sustainable operations, the Group has adopted its business plan for 2025 and upgraded its business strategy to 2030. In 2025, the Group projects earnings before tax of EUR 130–150 million (net earnings of EUR 100–120 million) in the ordinary course of business. Its strategic ambition is to double it to EUR 250–300 million by 2030. The Group positions itself as a stable, safe and profitable investment for investors.

More in the notice.

In the first nine months of 2024, the Triglav Group's earnings before tax stood at EUR 124.7 million (9M 2023: EUR –10.1 million) and its net earnings amounted to EUR 106.8 million (9M 2023: EUR –9.6 million). The Group achieved strong performance across all business segments. The total business volume reached EUR 1,305.4 million, a 4% year-on-year decline. However, when factoring in the effect of the shortfall in supplemental health insurance premium in Slovenia, it recorded an 8% growth. At the end of the first nine months, the Group reaffirmed its annual earnings before tax forecast of EUR 130–150 million, which includes the compensation received from the state. The Group continues to maintain its financial stability and capitalisation within the target range.

More in the notice.

At today's 49th General Meeting of Shareholders, the shareholders passed the Management Board's and the Supervisory Board's proposal to pay out a dividend of EUR 1.75 gross per share, which represents a 5% dividend yield. Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: "I would like to thank the shareholders for their trust. The decision to pay a dividend this year aligns with the Company's guideline to implement its dividend policy in a consistent manner. In doing so, the shareholders duly took note of the opinion of the Management Board and the Supervisory Board that the financial stability and the conditions for the Group's growth and development would be ensured even after the dividend payout. After a challenging year, we plan to deliver this year's results in line with our strategy. This was first confirmed by the promising results of the first quarter."

The dividend will be paid to the shareholders appearing in the Company's share register on Tuesday, 18 June 2024 (the ex-dividend date is Monday, 17 June 2024). The Company will transfer funds for the payment of all dividends on the account of Central Securities Clearing Corporation on 19 June 2024.

More information available in Notice of the Resolutions of the 49th AGM.