Insurer Sava posts 5.6% drop in Q1 profit on higher claims, lower returns

Ljubljana, 19 May - Insurance group Sava posted a first-quarter net profit of EUR 10.3 million, down 5.6% year-on-year, as higher reinsurance claims and lower investment returns affected the bottom line despite a 17.3% increase in gross written premiums.

Insurer Zavarovalnica Sava, created through the merger of two Slovenian and two Croatian subsidiaries of Sava Re, officially inaugurated.
Photo: Gregor Mlakar/STA.

The rest of this news item is available to subscribers.
The news item consists of 753 characters (without spaces) or 143 words words.

Buy the news item. Price: 2 tokens; on account: 0 tokens.

© STA, 2020