Zavarovalnica Triglav dd expects its operations to be affected by an improved macroeconomic situation in the Slovenian and Adriatic region, which it said would lead to "even fiercer competition" in a market already plagued by low interest rates.

The group, however, expects its 2018 pretax profit to be between €80 million and €90 million, up from an estimated €70 million to €80 million in 2017. Consolidated gross written premiums in 2018 are expected to be over €1 billion, up from around €930 million in 2017, while the combined group ratio is expected to be around 95%.

Further, the group aims to increase its AUM from noncompulsory savings.