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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.

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

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