Investor Presentaiton
About Triglav Group / Appendix (2023 Unaudited Results & 2024 Outlook)
2023 Performance at a Glance (unaudited data)
(in €M)
(in €M)
I
P&L Highlights
Total business volume (1+2)
Gross written premium (1)
Other income (2)
Total revenue
2023
2022* Index
Financial position indicators
2023
2022*
Index
1,780.2
1,594.3 112
Balance sheet total
I
I
1,653.7
126.5
1,479.6
114.8
112
Equity
4,099.0
891.1
3,802.3
108
I
897.0
99
I
110
Contractual service margin (CSM)
1,425.2
1,279.3
111
Insurance operating result (a)
-9.4
-12.6
Asset under management (AUM)
Number of employees
I
238.4
4,851.4
186.4
128
4,379.8
111
+
5,318
5,306
100
Insurance revenue
|
1,351.2
1,206.6
112
I
Claims incurred
I
Acquisition & admin.costs incl. non-attributable costs
1,021.2
363.0
767.7
133
325.1
112
I
Net reinsurance service result
Net Investment result (b)
Investment result
31.6
-104.5
Net other insurance revenue and expenses
-7.9
-21.9
22.0
-14.3
|
83.6
-88.6
Key performance indicators
Combined ratio NL & Health
Claims ratio NL & Health
2023
2022*
I
101.6%
99.7%
I
I
76.3%
74.6%
Financial result from insurance contracts
Change in provisions for not achieving guaranteed yield
Gains/losses &impairments of investments in associates
Result from non-insurance operations (c)
Earnings before tax (a+b+c)
Net earnings
Other comprehensive income
-69.7
82.2
Expense ratio NL & Health
25.3%
25.1%
8.1
-9.8
0.0
1.8
Return on equity
1.8%
-0.7%
8.4
16.9
50
21.1
-10.0
Return on financial investments
NL: Combined ratio
1.8%
-0.4%
99.4%
I
99.6%
I
I
I
16.3
34.7
-7.0
-50.9
I
L
100.1%
*Under IFRS 17 and IFRS 9, 2022 results are significantly lower than under previously applicable IFRS 4 and IAS 39 mainly due to differences in measurement of insurance technical provisions and recognition of effects of revaluation of
financial investments. 2022 results in accordance with IFRS 17 are negatively affected by prudential additional reserving due to sharp rise in inflation, whereas - unlike under IFRS 4 - result was not positively affected by effects of release of
provisions from past periods.
Life & Pensions: New business margin
Health: Combined ratio
14.6%
11.4%
I
112.9%
© Triglav Group: Investor Presentation_March 2024
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