Slovenia's biggest reinsurer SAVA Re posted EUR 4.6 million in net
profit in the first nine months, down by 41% as compared to the respective
period last year, according to Slovene Pres Agency.
The company's total assets rose by 20.6% since the beginning of the
year to EUR 430 million, due to a EUR 42 million capital increase,
said the company.
Gross reinsurance premiums went up by 12.4% in the first nine months
to EUR 101 million as compared to the respective period last year,
while net reinsurance premiums increased by 14.7% to EUR 84 million
in the period.
SAVA Re has a market share of 55% on the Slovenian market, being present
in 16 countries from Central and Eastern Europe, mainly in Turkish,
Czech Republic, Serbia and Montenegro.
