Pozavarovalnica Sava d d : Presentation of audited 2020 results
April 08, 2021 at 10:44 am EDT
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Sava Insurance Group
2020 audited results
8 April 2021
Contents
Group results
Segment reporting
Financial investments
Unconsolidated data
Financial statements
Group results
Highlights of 2020
Growth in operating revenues of 15.5%
Net profit of €56.4 million and ROE of 13.3%, which includes gain on the acquisition of Vita d.d. of €9.9 million
Net combined ratio (excl. FX) of 93.9%, which is within the target range
Completed acquisition of NLB Vita d.d. in May 2020, later renamed Vita d.d.
Emergency situation due to the Covid-19 pandemic with large impacts on lives and global capital markets
Publication of the revised plan for 2020-2022, adapted to the new circumstances due to the corona crisis and the takeover of Vita
Standard & Poor's and AM Best's "A" ratings, stable outlook, affirmed
Increase in claims events in reinsurance and FoS business
4 Group results • Segment reporting • Financial investments • Unconsolidated data • Financial statements
Record profit for year
Gross result
Net result
€67.7 m
€56.4 m
2020/19: +11.5%
2020/19: +12.3%
Plan achieved
5 Group results • Segment reporting • Financial investments • Unconsolidated data • Financial statements
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Pozavarovalnica Sava dd published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 14:43:06 UTC.
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
POZAVAROVALNICA SAVA, D.D. 
