Zavarovalnica Triglav dd : mantains an excellent credit rating
October 16, 2015 at 09:40 am
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Following its regular annual revision, the A.M. Best credit rating agency reaffirmed the financial strength rating of 'A-' (Excellent) and issuer credit rating of 'a-' (Excellent) of Zavarovalnica Triglav. Both credit ratings reflect solid risk-adjusted capitalisation, lasting good business results and the Triglav Group's leading competitive position in the Slovene market and the Adria region.
The medium-term outlook of Zavarovalnica Triglav is 'positive' as the credit rating agency assessed that the Company's performance over the past five years was excellent and its business outlook is promising. Despite challenging conditions in the insurance markets of South-East Europe, the Group, in accordance with its strategic objectives, continues to improve its business results and carry out planned activities aimed at further growth. Moreover, the outlook reflects a solid capital adequacy and appropriate risk management of the Company.
Furthermore, the A.M. Best reaffirmed the two credit ratings of Triglav's subsidiary Pozavarovalnica Triglav Re, thereby confirming its key role and important contribution to the implementation of the Triglav Group's strategic objectives. Both credit ratings have a stable medium-term outlook.
Zavarovalnica Triglav dd is Slovenian-based company principally engaged in the insurance and financial services. Zavarovalnica Triglav dd is the controlling company of the Triglav Group which offers insurance, asset management and banking services. Zavarovalnica Triglav dd, Zdrastvena zavarovalnica dd and Pozavarovalnica Triglav Re dd provide wealth, life, voluntary additional pension and health insurances. The insurance sector of the Company also operates in the Czech Republic, Croatia, Bosnia and Hercegovina, Montenegro, Serbia and Macedonia. Through Triglav DZU ddo, Triglav Nalozbe financna druzba dd and Triglav nepremicnine dd the Company provides investment fund management, real estate and banking services. As of June 22, 2012, the Company acquired a 100% stake in Investicijsko podjetje, Trgovanje z lastnimi nepremicninami doo from Sava dd.