Ljubljana and Zavarovalnica Maribor based in Maribor. In 1976, both firms have merged into Triglav insurance group headquartered in Ljubljana. Sava reinsurance firm, the first reinsurance company in Slovenia was also created in that time. By 1990, Triglav had 95% market share in Slovenia and was a third biggest insurance firm in Yugoslavia. In 1990, Zavarovalnica Triglav transformed into public limited company under the name Zavarovalnica Triglav, d.d., which commenced operations on 1 January 1991. Triglav asset management was founded in 1994, and Triglav Reinsurance company was formed in 1998. 21st-century developments In early 2000s, Triglav began intensive business expansion by entering the banking sector through acquisition of Abanka d.d. and started to broaden its operations into foreign markets. In 2000, the subsidiary was established in Brno, the Czech Republic, and in 2001 it expanded its operations into Bosnia and Herzegovina. In November 2002, Triglav Health Insurance was founded through the reorganisation of the Concordia life insurance company. In the following years, numerous insurance businesses all over the Southeastern Europe joined Triglav Group either through acquisitions or mergers. In 2008, the shares of Triglav Group were first quoted on the Ljubljana Stock Exchange. The same year, the company was awarded an “A” rating by the Standard & Poor's Rating Services. Since 2009, Triglav has been focused on the profitability of its core business, careful monitoring of underwriting risk, consolidation of business functions and transfer of knowledge. All along, this has been underpinned by a continued development of the effective risk management system. By signing the agreement to acquire the Croatian pension insurer Raiffeisen Mirovinsko Insurance Club in 2018, the Triglav Group entered the Croatian pension insurance market. In March 2019, the Group also entered North Macedonia's pension insurance market. In April 2019, Triglav Skladi became the owner of ALTA Skladi investment firm. As a result, the Triglav Group has emerged as the leading provider of mutual funds in the Slovene market, and that has further strengthened its assets management activity, which is its second strategic business pillar in addition to insurance. Company Operations The Triglav Group consists of 28 different companies that operate in six countries in Central and Southeastern Europe. Insurance is the primary business of twelve of those companies, four of them are asset management firms and eleven conduct other operations, ranging from advising to car maintenance. The Group also has a reinsurance company, which primary business is