SAVA Re: 2010 results

Present on the Slovenian and international market for over 38 years, the reinsurer Sava Re has reported a profit of 7.194 million EUR (9.5 million USD) in 2010 against a loss of 12.5 million EUR (18 million USD) in 2009.

The premium volume of 142.8 million EUR (189 million USD) was down by 2.8% over the previous year. The loss ratio amounted to 66.2% and the combined ratio to 96.3%.

The whole group, which includes ten reinsurance companies in Slovenia, Serbia, Croatia, Montenegro, Macedonia and Kosovo, has posted a 2010 turnover of 259 million EUR (343 million USD) in 2010, up by 3% compared to 2009.

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