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

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.