The Group is one of the leading insurance groups based in the Adriatic region, with a presence in six countries of the region. Pozavarovalnica Sava d.d. (Sava Re) is the parent company of the Sava Insurance Group and a reinsurance company headquartered in Ljubljana, Slovenia. The Group operates in the insurance and asset management sectors and also engages in secondary activities. It continuously improves the quality and integrity of the services it provides:
Reinsurance
Sava Re is one of the largest reinsurance companies based in southeastern Europe, serving more than 500 partners in over 120 reinsurance markets worldwide and building a globally diversified reinsurance portfolio.
| Sava Re | |
|---|---|
| Gross premiums written | €231.8m |
| - Of which non-Group | €126.8m |
Data for 2024.
Insurance, Slovenia
In Slovenia, the insurance business is conducted through Zavarovalnica Sava and Zavarovalnica Vita. Zavarovalnica Sava offers a wide range of non-life and life insurance policies. It markets its products through its own distribution network and external channels, always focusing on the needs of its customers. Vita is a life insurance company in Slovenia operating on a bancassurance model. It operates exclusively through the branches of NLB d.d. The premium structure is dominated by unit-linked life insurance.
| Slovenia | |
|---|---|
| Number of insurance companies owned by Sava Re | 2 |
| Market share, non-life | 30.8% |
| Market share, life | 32.5% |
| Market share, total | 31.2% |
| Premiums, non-life | €524.8m |
| Premiums, life | €187.5m |
| Premiums, total | €712.3m |
Data for 2024.
Insurance, international
The Sava Insurance Group operates through subsidiaries and branches in the markets of Croatia, Serbia, Montenegro, North Macedonia and Kosovo. Motor insurance business accounts for a significant portion of the non-life insurance business written in these markets, but there is an increasing trend towards all other non-life business, including health insurance. The Group offers life insurance in the markets of Croatia, Serbia and Kosovo.
| Serbia | Montenegro | North Macedonia | Kosovo | Croatia | |
|---|---|---|---|---|---|
| Number of insurance companies owned by Sava Re | 2 | 1 | 1 | 2 | 1* |
| Market share, non-life | 4.0% | 21.3% | 10.3% | 12.0% | 1.2% |
| Market share, life | 3.2% | - | - | 58.3% | 0.7% |
| Market share, total | 3.9% | 16.9% | 8.6% | 14.1% | 1.1% |
| Premiums, non-life | €37.4m | €22.7m | €17.0m | €19.3m | €17.3m |
| Premiums, life | €6.3m | - | - | €4.4m | €2.4m |
| Premiums, total | €43.7m | €22.7m | €17.0m | €23.7m | €19.7m |
Data for 2024.
* Branch of a Slovenian insurer.
Pensions
The Sava Insurance Group offers pension insurance in Slovenia and North Macedonia. In the Slovenian market, Sava Pokojninska provides a comprehensive range of supplementary pension insurance, as it manages pension fund assets and distributes pension annuity payments. The Group’s pension company in North Macedonia manages both mandatory and voluntary pension funds.
| Sava Pokojninska | Sava Penzisko Društvo | |
|---|---|---|
| Assets under management | €200.1m | €1.182.1m |
| Revenue | €2.7m | €6.2m |
Data for 2023.
Assistance services
The assistance services of TBS Team 24 build on our core insurance business in all markets where the Group has operations. The company is a leading assistance provider in southeast Europe, offering customers roadside, home and medical assistance, as well as more recently evolved assistance services such as customer care. With a personal approach and sophisticated platforms, the company aims to provide its customers with the best possible service.
| Slovenia | |
|---|---|
| Operating revenue | €28.4m |
| - Of which non-Group | €7.5m |
| Number of assistance cases | 123,667 |
| - Of which non-Group | 36,642 |
Data for 2024.
Asset management
Through Sava Infond we serve nearly 89,000 investors and manage assets in excess of EUR 850 million in the Infond Umbrella Fund, which is made up of 19 sub-funds offering diverse investment schemes. In terms of number of funds and assets under management, Sava Infond is one of the leading asset managers in Slovenia, with a market share of approximately 13.6%. In addition to managing open-ended mutual funds, the company also provides portfolio management services to institutional investors. These services cover the management of more than EUR 1,200 million in assets.
| Slovenia | |
|---|---|
| Assets under management | €851.8m |
| Revenue | €16.6m |
Data for 2024.
Other services
The Group is also successfully expanding its activities in other areas, in particular the hospital and healthcare activities in Slovenia, which are carried out through the associated company DCB (SVN). In 2023, having established Vita S Holding, the Group was preparing to enter the North Macedonian healthcare market. In 2023, the Group expanded its activities to include the development of comprehensive IT solutions in Serbia.
News
9 April 2025
Notice of 41st general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of Sava Re d.d. hereby calls the 41st general meeting of...
7 April 2025
Notification of change in major holdings
In accordance with Article 147 of the Market in Financial Instruments Act (Official Gazette of the Republic of Slovenia, No. 77/18, 17/19 – corrected, 66/19,...
4 April 2025
Annual Report of the Sava Insurance Group and Sava Re d.d. for 2024
Pursuant to the rules of the Ljubljana Stock Exchange and applicable legislation, Sava Re d.d., Dunajska 56, 1000 Ljubljana, makes the following announcement: At...