Magazine date:
Jul 2017 Sava Re group generated, during the first half of 2017, a net result of 17.1 million EUR (19.5 million USD), up by 19.4% compared with the first six months of 2016. The Gross written premiums reported a 6% increase going from 280.8 million EUR (320.4 million USD) as at 30 June 2016 to 297.8 million EUR (339.8 million USD) twelve months later.
The growth of the Slovenian group is mainly driven by international business which increased by 11%. The net combined ratio reached 92.2% gaining 3.8 points compared to the previous year's result.
As a reminder, the rating agency Standard & Poor's confirmed, on 30 June 2017, the A-rating of Sava Re. It also revised the company's outlook from stable to positive.