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Sava Re’s net profit drops 19% as inflation, high claims provisions bite

Posted On: Nov. 22, 2022 9:05 AM CST

Financial results


Slovenian insurer and reinsurer Pozavarovalnica Sava dd’s net profit dropped almost 19% year-on-year to €46.5 million ($48 million) in the first nine months of the year due to high claims provisions, motor claims and inflation, Xprimm reported. Its gross written premiums increased by more than 5% to around €608 million.