Gross written premium for insurance and co-insurance contracts

In 2011, the Triglav Group posted a total of EUR 989.4 million in consolidated gross insurance and co-insurance premium, or 2% less than in 2010. Non-life insurance total was EUR 695.2 million (index 97), life insurance reached EUR 214.0 million (index 97) and health insurance increased to EUR 80.2 million (index 111) in gross written premium.

The structure of consolidated written premium was the following:

  • non-life insurance accounted for 70.3%,
  • life insurance for 21.6% and
  • health insurance for 8.1%.

Gross written premium for insurance and co-insurance in 2011 - Structure

 

The Triglav Group members (excluding Triglav Re) booked EUR 950.1 million in non-consolidated gross insurance and co-insurance premium, or 2% less than the year before. The trends varied depending on company and market. The written premium of Zavarovalnica Triglav was lower by 3% in comparison with 2010, whilst that of Triglav Zdravstvena zavarovalnica was higher by 10%. Gross written premium grew in Triglav Pojišt'ovna by 2%, in Triglav Osiguranje, Belgrade by 7% and in Triglav Osiguranje, Banja Luka by 6%. Gross written premium was lower in Triglav Osiguranje, Zagreb by 4%, in Triglav Osiguranje, Sarajevo by 3% and in Triglav Osiguruvanje, Skopje by 7%. In Lovćen Osiguranje gross written premium declined by 9%, as the life-insurance portfolio was transferred to its subsidiary Lovćen životna osiguranja.

Gross written premium in 2011 by insurance company of the Triglav Group


   

in EUR

   

 

 

Gross written insurance premium in 2011

Index

Structure

 

Insurance company

Non-life

Life

Total

Non-life

Life

Total

2011

1

Zavarovalnica Triglav

495,845,884

200,954,814

696,800,698

97

97

97

73.3%

2

Triglav, Zdravstvena zavarovalnica

80,189,702

0

80,189,702

110

 

110

8.4%

3

Triglav Osiguranje,Zagreb

43,616,189

9,610,263

53,226,452

96

93

96

5.6%

4

Triglav Osiguranje,Sarajevo

13,774,676

1,893,811

15,668,487

94

119

97

1.6%

5

Triglav Pojišt'ovna,Brno

27,431,720

0

27,431,720

102

 

102

2.9%

6

Lovćen Osiguranje, Podgorica

29,400,964

0

29,400,964

95

0

91

3.1%

8

Triglav Osiguranje,Beograd

20,183,386

613,849

20,797,235

108

100

107

2.2%

9

Triglav Osiguranje,Banja Luka

5,205,914

0

5,205,914

106

 

106

0.5%

10

Triglav Osiguruvanje,Skopje

20,107,159

0

20,107,159

93

 

93

2.1%

11

Lovćen Životna Osiguranja, Podgorica

0

1,269,847

1,269,847

 

 

 

0.1%

 

TOTAL

735,755,594

214,342,584

950,098,178

98

97

98

100.0%

12

Pozavarovalnica Triglav Re

121,961,264

0

121,961,264

102

0

101

 

 

Consolidation eliminations

-82,342,293

-318,345

-82,660,638

106

133

107

 

 

TOTAL - CONSOLIDATED

775,374,565

214,024,239

989,398,804

98

97

98

 

 
 
 
 
 
 
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