Magazine date:
Feb 2016 All indicators are green for the Slovenian group. Present on the market for over 40 years, SAVA Re achieved in 2015 a net profit of 33.4 million EUR(36.5 million USD) against 30.5 million EUR (37.1 million USD) in 2014.
The premium volume of 486.3 million EUR (531.4 million USD) is up by 3.9% in comparison with the previous year.
The net loss ratio amounted to 61.3% and the combined ratio was of 95.9%. The return on equity (ROE) increased slightly going from 11.9% to 12% in 2015. Note also the 10.5% increase in assets reaching 1.6 billion EUR (1.7 billion USD) at the end of 2015.
The group financial strength was praised by the rating agency Standard & Poor's in August 2015, with the upgrading of the rating to A- with stable outlook.