POSR share

Share price

POSR share price performance

LJSE: POSR

--,--


- --,-- % --. --- ----

Exchange information

Volume

17,219,662


Ticker symbol
POSR

ISIN code 
SI0021110513


Stock exchange 
Ljubljana Stock Exchange

Bloomberg symbol 
POSR SV Equity

Share price performance

 
 
Date Average price Change in % Turnover 000 € Volume

Key indicators

  31 Dec 2017 31 Dec 2018 31 Dec 2019
Share capital (€) 71,856,376 71,856,376 71,856,376
Number of shares 17,219,662 17,219,662 17,219,662
Number of own shares 1,721,966 1,721,966 1,721,966
Ticker symbol POSR POSR POSR
Number of shareholders 4,061 4,073 4,110
Closing share price in period (€) 15.80 15.30 18.00
Market capitalisation (€) 272,070,660 263,460,829 309,953,916
Consolidated net earnings per share (€) 2.00 2.76 3.22
Consolidated book value per share (€) 20.40 21.95 24.83
Price-to-book ratio 0.86 0.77 0.81
Price-to-premium ratio 0.53 0.48 0.52
Dividend per share (€) 0.80 0.80 0.95

Dividend

Sava Re follows its dividend policy. Generally, we distribute dividends once a year, by a resolution of the general meeting of shareholders. Dividends approved in the general meeting are paid to shareholders shown in the share register on the record date.

2014 1,82 0,55 29,7
2015 2,02 0,80 37,2
2016 2,08 0,80 37,7
2017 2,00 0,80 39,9
2018 2,76 0,95 34,2

Consolidated net income per share

Dividend paid per share (payment in next year)

Dividend as % of consolidated profit

* The distribution of dividends for 2019 has been temporarily suspended until 1 October (following a request by the Slovenian insurance regulator), when the financial effects of the Covid-19 pandemic are more fully understood.

General meeting resolution Period Gross dividend per share (€) Dividend payment start date
36th general meeting 2019

distribution suspended,
see note above*

-
35th general meeting 2018 0.95 14/06/2019
34th general meeting 2017 0.80 14/06/2018
33rd general meeting 2016 0.80 20/06/2017
31st general meeting 2015 0.80 29/09/2016
30th general meeting 2014 0.55 14/07/2015
29th general meeting 2013 0.26 25/08/2014

Dividend policy

Sava Re aims at increasing its dividend by an average of 10% per year over the period 2020–2022, thus distributing each year between 35% and 45% of the net profit of the Sava Insurance Group. In preparing its annual dividend proposal, the Company will consider:

  • the estimated surplus of eligible own funds over the solvency capital requirement under Solvency II,
  • the Group’s own risk and solvency assessment,
  • the capital models of Standard & Poor’s and AM Best,
  • the approved annual and strategic plans of the Group and the Company,
  • new development projects to engage additional capital, and
  • any other relevant circumstances affecting the financial situation of the Company.

Share buy-back

Overview of purchases completed under the buyback programme (in accordance with article 4(4) of Regulation (EC) No. 2273/2003)

On the basis of the Slovenian Companies Act (ZGD), the 28th general meeting of shareholders, which took place on 23 April 2014, granted the management board of Sava Reinsurance Company authorisation to acquire own shares. The general meeting authorisation is for acquiring up to a total of 1,721,966 shares, representing 10% of the Company’s share capital, including own shares held by the Company at the date of the authorisation. The general meeting authorisation was valid until 23 April 2017. In accordance with this authorisation, the Company could acquire its own shares in or outside the regulated financial instruments market.

In line with this general meeting authorisation, the Company started repurchasing its shares in July 2014.

Initially, it acquired own shares only on the regulated market, but as of the publication date of the programme on 18 November 2014 the Company made purchases both on the regulated market of financial instruments and outside that market, in line with its general meeting authorisation.

Share repurchase programme

The share repurchase programme was also posted on the official website of the Ljubljana Stock Exchange through the  SEOnet information system.

The share repurchase programme is available to the Company’s shareholders in the secretary’s office at the Company’s headquarters in Ljubljana, Dunajska cesta 56, every working day between 9 a.m. and 3 p.m.

Number of shares: 17,219,662     |     Last updated: 22/04/2016

Date Number of shares acquired Percentage of share capital (%) Price per share
(€)
Purchased volume
(€)
22/4/2016 845,599 4.9107 15.00 12,683,985.00
7/4/2016 12,921 0.0750 14.0700 181,889.37
6/4/2016 12,789 0.0743 14.1000 180,415.06
5/4/2016 12,635 0.0734 14.3000 180,770.84
1/4/2016 11,852 0.0688 14.5000 172,060.63
31/3/2016 10,408 0.0604 14.4600 150,694.93
30/3/2016 10,253 0.0595 14.4000 147,838.43
30/3/2016 150 0.0009 14.3500 2,152.50
29/3/2016 909 0.0053 14.3200 13,207.79
29/3/2016 8,080 0.0469 14.3000 115,544.00
29/3/2016 1,255 0.0073 14.3100 17,959.05
24/3/2016 1,528 0.0089 14.3000 21,861.33
23/3/2016 350 0.0020 14.1000 4,937.47
22/3/2016 10,308 0.0599 14.0000 144,384.16
21/3/2016 10,121 0.0588 14.0100 141,866.11
17/3/2016 10,052 0.0584 14.0100 140,898.93
16/3/2016 1 0.0000 13.9000 13.91
15/3/2016 9,823 0.0570 14.0000 137,590.75
23/2/2016 484 0.0028 12.0200 5,820.59
22/2/2016 458 0.0027 12.1000 5,544.57
17/2/2016 484 0.0028 12.0000 5,815.55
15/2/2016 416 0.0024 11.9200 4,965.17
12/2/2016 468 0.0027 12.1000 5,665.63
11/2/2016 427 0.0025 12.3200 5,263.27
9/2/2016 144 0.0008 12.2100 1,761.64
9/2/2016 403 0.0023 12.5000 5,037.50
5/2/2016 634 0.0037 12.5000 7,935.30
2/2/2016 665 0.0039 12.5300 8,343.29
29/1/2016 20 0.0001 12.5000 250.13
26/1/2016 855 0.0050 12.5000 10,692.84
21/1/2016 160 0.0009 12.0000 1,922.50
20/1/2016 524 0.0030 12.0500 6,328.70
20/1/2016 400 0.0023 12.1000 4,840.00
18/1/2016 951 0.0055 12.0150 11,441.12
15/1/2016 428 0.0025 12.1100 5,188.87
15/1/2016 525 0.0030 12.2700 6,441.75
14/1/2016 125 0.0007 12.1600 1,525.68
14/1/2016 275 0.0016 12.1000 3,327.50
14/1/2016 528 0.0031 12.3600 6,526.08
12/1/2016 400 0.0023 12.3000 4,925.16
12/1/2016 439 0.0025 12.3050 5,401.90
11/1/2016 400 0.0023 12.5300 5,017.00
11/1/2016 206 0.0012 12.5000 2,575.00
11/1/2016 192 0.0011 12.5500 2,409.60
8/1/2016 100 0.0006 12.5300 1,254.63
7/1/2016 300 0.0017 12.5700 3,775.91
30/12/2015 300 0.0017 12.6400 3,796.31
30/12/2015 379 0.0022 12.7000 4,813.30
29/12/2015 485 0.0028 12.8500 6,236.38
29/12/2015 159 0.0009 12.8000 2,035.20
23/12/2015 370 0.0021 12.7800 4,734.74
21/12/2015 543 0.0032 13.1300 7,138.85
18/12/2015 300 0.0017 13.3000 3,992.00
17/12/2015 264 0.0016 13.2350 3,494.04
17/12/2015 200 0.0012 13.3000 2,663.08
16/12/2015 470 0.0028 13.2000 6,207.10
14/12/2015 58 0.0004 13.1600 763.66
11/12/2015 462 0.0027 13.7150 6,344.57
7/12/2015 421 0.0025 13.7000 5,775.19
3/12/2015 195 0.0011 13.8000 2,692.35
30/11/2015 188 0.0011 13.6300 2,563.72
26/11/2015 338 0.0020 13.8100 4,673.84
24/11/2015 323 0.0019 13.6000 4,389.52
18/2/2015 184 0.0010 16.2100 2,984.13
16/2/2015 300 0.0017 16.3000 4,892.45
9/2/2015 46 0.0003 15.7000 728.02
9/2/2015 229 0.0014 16.0000 3,664.00
5/2/2015 188 0.0010 16.0100 3,008.37
4/2/2015 82 0.0005 15.2600 1,250.69
3/2/2015 328 0.0019 16.3100 5,349.37
3/2/2015 40 0.0003 15.7050 628.20
28/1/2015 32 0.0002 16.0100 519.60
28/1/2015 270 0.0016 15.9000 4,293.00
28/1/2015 5 0.0001 15.8500 79.25
23/1/2015 310 0.0018 15.9500 4,963.97
22/1/2015 504 0.0029 15.6300 7,898.46
21/1/2015 259 0.0015 15.8000 4,111.25
20/1/2015 624 0.0036 15.9000 9,943.56
16/1/2015 615 0.0036 16.0000 9,852.79
15/1/2015 385 0.0022 15.8000 6,090.91
14/1/2015 385 0.0022 16.0050 6,176.05
14/1/2015 275 0.0016 16.0000 4,400.00
13/1/2015 605 0.0035 16.0000 9,693.74
13/1/2015 65 0.0003 15.9000 890.40
12/1/2015 400 0.0023 15.9000 6,374.61
12/1/2015 305 0.0018 16.0000 4,880
7/1/2015 8 0.0000 16.0000 148.45
7/1/2015 450 0.0026 16.1000 7,245.00
6/1/2015 50 0.0003 16.3000 815.42
6/1/2015 1 0.0000 16.3500 16.35
5/1/2015 277 0.0016 16.3000 4,525.65
5/1/2015 1,023 0.0059 16.2000 16,572.60
30/12/2014 264 0.0016 15.6000 4,118.40
30/12/2014 544 0.0032 15.4900 8,426.56
30/12/2014 50 0.0003 15.5000 775.00
29/12/2014 1,105 0.0065 15.3750 16,989.38
22/12/2014 1,856 0.0108 16.1000 29,881.60
18/12/2014 494 0.0029 15.1600 7,498.77
17/12/2014 2,386 0.0139 15.4000 36,792.17
16/12/2014 3,210 0.0187 15.2000 48,855.43
15/12/2014 32 0.0002 15.6000 500.05
2/12/2014 368,099 2.1372 16.3000 6,000,013.70
23/10/2014 456 0.0026 15.0100 6,853.46
20/10/2014 386 0.0022 15.0000 5,797.53
17/10/2014 52 0.0003 14.6100 760.71
16/10/2014 368 0.0021 14.9400 5,505.07
14/10/2014 845 0.0049 15.0168 12,705.66
25/7/2014 710 0.0041 13.9700 9,932.48
24/7/2014 1 0.0000 13.2600 13.87
23/7/2014 329 0.0019 14.0000 4,611.98
14/4/2014 346,433 2.0118 11.2450 3,895,639.09
until 25/4/2013 210      
Total 1,721,966 9.9999   24,910,640.33

Share ownership

POSR shares held by members of the supervisory and management boards as at 4 September 2020

  Number of shares Holding
Marko Jazbec, chair of the management board 8,500 0.049%
Jošt Dolničar, member of the management board 4,363 0.025%
Polona Pirš Zupančič, member of the management board 3,748 0.022%
Peter Skvarča, member of the management board 850 0.005%
Andrej Gorazd Kunstek, member of the supervisory board 2,900 0.017%
Mateja Živec, member of the supervisory board 1,000 0.006%

Source: Central securities register KDD d.d.

Analyst coverage

Analyst coverage links

listed-sme.com
 
 


inter.capital
Dino Dürrigl
Analyst


wood.cz
David Lojkasek
Equity Analyst


Ilirika
Lojze Kozole
Analyst

 

{{title}}

Sklenite zavarovanje ali Pridobite ponudbo

Prijava škode

{{title}}

Pridobite ponudbo

Prijava škode

{{title}}

{{zavText}}

Prijava škode

SKLENITE ZAVAROVANJE ali PRIDOBITE PONUDBO

PRIDOBITE PONUDBO

{{zavText}}

{{title}}

{{claimText}}

{{secText}}