Zavarovalnica Triglav d.d. (English: Triglav Insurance Company PLC) is a Slovenian multinational insurance company headquartered in Ljubljana, Slovenia. Its core businesses are insurance, reinsurance and asset management. In year 2019 it generated a net income of €100.9 million. It is the largest insurance company in Slovenia with a market share of 36%, and has subsidiaries in Croatia, Bosnia and Herzegovina, Serbia, Montenegro and North Macedonia. Zavarovalnica Triglav is publicly traded on Ljubljana Stock Exchange, and it is a component of SBI TOP index which is a main share index of companies listed on Ljubljana Stock Exchange. History Foundation Zavarovalnica Triglav was founded in Ljubljana on 5 July 1900 with initial capital of 100,000 Austrian krone. Its first president and one of its founders was Ivan Vencajz, member of Austrian empire council, lawyer and judge. The company commenced operations on 1 August 1900. At the beginning, it provided mostly fire and church bell insurance. During the first few years, Triglav encountered multiple difficulties due to the negative reaction of rival insurance companies to its foundation. In an attempt to prevent it from growing further, they decreased their premiums and urged reinsurance firms against providing reinsurance to Triglav. Eventually, Triglav had to find reinsurance in Czech Republic. 20th-century developments After the end of World War I, Triglav faced high inflation and loss of portfolio. In order to survive inflationary times, they had to offer new products to their clients. In year 1919, it began providing life insurance and twelve years later, in 1931, they commenced with non-life insurance business as well. It was then, when they expanded their operations outside of Slovenia, to the countries that were then a part of Kingdom SHS. After the start of World War II and subsequent occupation of Slovenia, the vast majority of Slovenian insurance businesses were forced to transfer their clients to their Austrian, Italian and German counterparts. In 1945, the majority of insurance companies were nationalised, but Triglav avoided this wave of nationalisation. Instead, it transformed into the Slovenian insurance institute with headquarters in Belgrade and was a primary provider of insurance for all of the state's wealth. They were operating in this way until 1961. Many small insurers realised that more effective risk management could only be achieved with a formation of a bigger insurance company. This has led them to merge into two big insurance firms: Zavarovalnica Sava with its headquarters in