August 18 (SeeNews) - Slovenia's biggest insurer Zavarovalnica Triglav [LJE:ZVTG] said on Friday its first-half consolidated net profit climbed 6% on the year to 36.1 million euro ($42.4 million), on the back of higher returns on investments.
The group’s consolidated insurance and co-insurance premium increased 8% to 547.8 million euro in January-June. The non-life insurance segment rose by 8%, whilst the life insurance and health insurance segments recorded a premium increase of 6% and 14%, respectively, Triglav said in a Ljubljana bourse filing.
Triglav employed 5,102 at the end of June, up 56 to the 2016 year-end. The number of employees increased mostly due to higher number of employees of Triglav Osiguranje, Belgrade due to strengthening of the internal sales network.
The Group had a 36.6% share of the Slovene insurance market, where 14 insurance companies, 4 foreign branch offices and 2 reinsurance companies operate.
($=0.850998 euro)
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