Stable medium-term outlook for Zavarovalnica Triglav and Pozavarovalnica Triglav RE

Ljubljana, 26 September 2014 - On 26 September 2014, the Standard & Poor's Ratings Services confirmed a current "A-" (excellent) long-term credit rating and an "A-" (excellent) financial strength rating of Zavarovalnica Triglav together with its subsidiary Pozavarovalnica Triglav Re and thereby the Triglav Group. The medium-term outlook for both ratings remains stable.

The strong competitive position of the Triglav Group in both Slovenia and the Adria region, high capital adequacy and profitability are once again confirmed by the latest outstanding S&P credit rating. Furthermore, the credit rating report states that Zavarovalnica Triglav and Pozavarovalnica Triglav Re have a clear corporate governance set-up with an independent management that makes autonomous business decisions and follows the set strategy of the Triglav Group.

According to the stable medium-term outlook in the S&P's latest report, the Triglav Group will in the future maintain its strong competitive position, high capital adequacy, balanced investment portfolio and high profitability. On the other hand, any potential further deterioration of the macroeconomic environment in Slovenia may have a negative impact on the Triglav Group's credit rating.

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