November 18 (SeeNews) - Slovenia's biggest insurer, Zavarovalnica Triglav [LJE:ZVTG], said on Friday its consolidated net profit fell 34% year-on-year to 53.6 million euro ($56.9 million) in the first nine months.
The group’s gross written premium from insurance and co-insurance contracts in the first nine months of 2016 edged up 0.3% to 720.7 million euro, Triglav said in a filing with the Ljubljana Stock Exchange.
However, taking into account the sale of the Czech subsidiary in 2015, the Group recorded a 2% premium growth, Triglav noted.
Triglav employed 5,052 at the end of September, down 6% from a year earlier. The insurance group held a 37% market share in the Slovene insurance market as at the reporting date.
($=0.943511 euro)