August 17 (SeeNews) - Slovenia's biggest insurer Zavarovalnica Triglav [LJE:ZVTG] said on Friday its first-half consolidated net profit dropped 17% on the year to 30.0 million euro ($34.1 million), due to higher claims incurred from non-life and health insurance and lower investment return.
The group’s consolidated insurance and co-insurance premium revenue increased 5% to 574.8 million euro in January-June. In terms of individual insurance segments, a 6% rate of premium growth was seen in non-life insurance, a 0.3% increase in life insurance and an 8% rise in health insurance, Triglav said in a filing to the Ljubljana bourse.
In the reporting period, the group saw premium growth in all markets.
Triglav Group employed 5,158 people at the end of the first half, up 7 employees from last year.
($=0.878483 euro)
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