Zavarovalnica Triglav dd : Solvency and Financial Condition Reports of Triglav Group and Its Parent Company for 2017
April 26, 2018 at 10:09 am EDT
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Solvency and Financial Condition Reports of Triglav Group and Its Parent Company for 2017
In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana hereby publishes the following notice:
Zavarovalnica Triglav d.d. publishes the Solvency and Financial Condition Reports of Triglav Group and its parent company for 2017, which were audited by a certified auditor. The calculations made according to the Solvency II methodology confirm that Triglav Group and its parent company are financially stable and well capitalised. As at 31 December 2017, the solvency ratio of Triglav Group (ratio of eligible own funds and the solvency capital requirement) stood at 222%, its target range being between 200% and 250%. The ratio of eligible own funds and the minimum consolidated capital requirement at the Group level was 587%.
In the Reports, the risk management system is presented in detail in relation to the risks to which the parent company and the remaining 37 Group members are exposed through their operations. At the level of the Group, all their existing and potential risks are systematically controlled and effective management is ensured. On these bases, both the existing and future capital needs of the Triglav Group are determined, while the whole system is based on the strategic objectives of the Triglav Group.
This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 26 April 2018 and will remain available on the Company's public website for a period of at least five years.
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Zavarovalnica Triglav dd published this content on 26 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 April 2018 14:08:05 UTC
Zavarovalnica Triglav dd is Slovenian-based company principally engaged in the insurance and financial services. Zavarovalnica Triglav dd is the controlling company of the Triglav Group which offers insurance, asset management and banking services. Zavarovalnica Triglav dd, Zdrastvena zavarovalnica dd and Pozavarovalnica Triglav Re dd provide wealth, life, voluntary additional pension and health insurances. The insurance sector of the Company also operates in the Czech Republic, Croatia, Bosnia and Hercegovina, Montenegro, Serbia and Macedonia. Through Triglav DZU ddo, Triglav Nalozbe financna druzba dd and Triglav nepremicnine dd the Company provides investment fund management, real estate and banking services. As of June 22, 2012, the Company acquired a 100% stake in Investicijsko podjetje, Trgovanje z lastnimi nepremicninami doo from Sava dd.