Triglav Group stock reports 13 percent growth in 2026

Triglav Group stock stood at EUR 67.60 on the Ljubljana Stock Exchange on September 18, 2026, while the company reported 13 percent year-to-date growth in its share price. The latest operating figures show higher business volume but lower earnings before tax in the first half of 2026.

Business volume reaches EUR 1.2 billion

According to Triglav Group, total business volume reached EUR 1,198.7 million in H1 2026. That was 13 percent above the EUR 1,061.7 million reported for H1 2025, with premium growth across the regional markets and the strongest increase in Italy.

The comparison is favorable on the top line, but it does not translate into higher earnings. Earnings before tax came to EUR 105.2 million in H1 2026, compared with EUR 109.6 million in H1 2025, a decline of 4 percent.

Combined ratio moves higher

Profitability in the insurance operation also changed direction. The combined ratio rose to 93.9 percent in H1 2026 from 88.2 percent a year earlier, an increase of 5.7 percentage points.

Triglav nevertheless reaffirmed its 2026 earnings-before-tax guidance of EUR 170 million to EUR 190 million. The annualized return on equity was 16.5 percent, compared with 19.2 percent in H1 2025, while the Life business new-business margin improved to 13.9 percent from 12.2 percent.

Stock retains a 13 percent gain

Market performance adds a separate reference point. Bloomberg Adria reported on September 18, 2026, that Zavarovalnica Triglav shares had risen 13 percent during 2026. The gain compares with a 25.9 percent increase for the SBITOP index over the same period.

Triglav Group stock was priced at EUR 67.60 on September 18, 2026. The operating picture is therefore defined by a 13 percent expansion in H1 business volume, a 4 percent fall in earnings before tax and a 5.7 percentage point increase in the combined ratio.