Insurer Triglav's net profit down 39% in Q1 despite 12% jump in revenue

Ljubljana, 30 May - Insurer Zavarovalnica Triglav saw net profit decline by 39% in the first quarter to EUR 16.1 million, even as total revenue rose by 12% to EUR 350.4 million. It says the bottom line was affected by challenging business conditions, inflation, higher claim intensity, poorer health insurance result, and the transition to new accounting standards.