Slovenia's Triglav sees cons net profit falling 16% in 2015

The outlook for a lower profit next year is due to extremely high returns on investments earned this year, which are deemed unlikely in 2015, Triglav said in a filing to the Ljubljana bourse.

The principal goal of the Group’s insurance companies for 2015 will be to continually improve their volume of business, meaning higher growth in the volume of insurance premium, and to increase the net profit of their core business.

In 2015, the Triglav Group plans to book 880 million euro in gross written premiums, roughly in line with the preliminary estimate for this year.

The Slovenian insurer posted a consolidated net profit of 70 million euro in 2013 and consolidated gross written premiums of 901 million euro.

The Triglav Group is present on eight markets and seven countries in Southeast Europe.

($=0.8121 euro)