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Tuesday, October 4, 2022

Insurer Sava Re posts 35% profit growth in first six months

By: P.T., STA

Insurer Sava Re generated a net profit of EUR 43.5 million in the first six months of 2021, an increase of 35.3% compared to the same period last year.

The group collected gross premiums of EUR 414.5 million, a growth of 10.9%, show unaudited interim results. This 10.9% year-on-year premium growth was predominantly driven by the Slovenian life business (96.8% growth) as a result of the acquisition of Vita, which contributed EUR 54.7 million in gross premiums written.

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