Slovenia’s Top Insurer Zavatovalnica Triglav 9-mo Parent Pre-Tax Profit Slumps 48% to 29.15 Mln Euro

The claims paid out by the insurer rose 16% to 305 million euro through September, due to a summer spell of thunderstorms, Zavarovalnica Triglav said in its unaudited nine-month financial report filed with the Ljubljana Stock Exchange (LJSE), where its shares are listed.

Gross premium income rose by 9.0% to 589.3 million euro in the first nine months of 2008.

Shares of blue chip Zavarovalnica Triglav sank 5.11% to an average price of 21.18 euro on the LJSE on Tuesday amid an overall market slump. The insurer released its financial results after the end of trading.

($ = 0.7904 euro)