We keep expanding our activities, diversifying into areas with relationships to our existing business to strengthen and refine our product range. We increase the offer and improve the quality of services and become a comprehensive provider in the following fields:
- Reinsurance
- Insurance, Slovenia
- Insurance, international
- Pensions
- Assistance services
- Asset management
Reinsurance
With over forty years of experience in international reinsurance, Sava Re provides a full range of reinsurance coverages. Building a globally diversified portfolio, we now conduct business with more than 350 clients in over one hundred reinsurance markets worldwide. Our guiding principle is to build long-term relationships with our clients and partners that allow creating stability throughout all economic cycles.
| Sava Re | |
|---|---|
| Gross premiums written | €190.1m |
| - Of which non-Group | €112.1m |
Data for 2021.
Insurance, Slovenia
In Slovenia, we conduct insurance business under the Zavarovalnica Sava brand, an insurance company formed in 2016 by the merger of the Slovenian insurers Zavarovalnica Maribor and Zavarovalnica Tilia, and the Croatian insurers Velebit Osiguranje and Velebit Životno Osiguranje. This brings together long-standing tradition and two countries. We are proud to have designed an insurer better adapted to the current needs of our clients, thereby contributing to the development of the insurance industry in the region. In 2020, the Sava Insurance Group was joined by the Slovenian life insurer Vita. The acquisition of Vita improved the market position of the Sava Insurance Group in Slovenia where the Group ranks second in terms of insurance market share.
| Slovenia | |
|---|---|
| Number of insurance companies owned by Sava Re | 2 |
| Market share, non-life | 18.9% |
| Market share, life | 22.6% |
| Market share, total | 20.0% |
| Premiums, non-life | €354.6m |
| Premiums, life | €168.5m |
| Premiums, total | €523.1m |
Data for 2021.
Insurance, international
The Sava Insurance Group operates through subsidiaries and branches in the markets of Croatia, Serbia, Montenegro, North Macedonia and Kosovo. Motor third-party liability and motor casco account for a significant part of insurance business written in these markets, and there is a rising trend in property, health and other business. In the Croatian, Serbian and Kosovo markets, we are also present with life insurance companies.
| Serbia | Montenegro | North Macedonia | Kosovo | Croatia | |
|---|---|---|---|---|---|
| Number of insurance companies owned by Sava Re | 2 | 1 | 1 | 2 | 1* |
| Market share, non-life | 2.9% | 18.3% | 9.8% | 12.1% | 1.7% |
| Market share, life | 2.0% | - | - | 70.4% | 1.0% |
| Market share, total | 2.7% | 14.6% | 8.1% | 14.5% | 1.5% |
| Premiums, non-life | €23.1m | €14.4m | €15.3m | €13.6m | €18.2m |
| Premiums, life | €4.6m | - | - | €3.4m | €3.6m |
| Premiums, total | €27.7m | €14.4m | €15.3m | €17.0m | €21.8m |
Data for 2021.
* Branch of a Slovenian insurer.
Pensions
The Sava Insurance Group conducts pension business in Slovenia and North Macedonia. In the Slovenian market, Sava Pokojninska offers a comprehensive range of supplementary pension insurance: it manages pension fund assets and distributes supplementary pension annuity payments. We have been present in North Macedonia since 2018 when we acquired the second largest pension company NLB Nov Penziski Fond, subsequently rebranded Sava Penzisko Društvo.
| Sava Pokojninska | Sava Penzisko Društvo | |
|---|---|---|
| Assets under management | €167.1m | €804.0m |
| Revenue | €4.9m | €4.3m |
Data for 2021.
Assistance services
The TBS Team 24 assistance services supplement our core business in all the markets where we are present through companies. We offer our clients motor, home and medical assistance, also adding other assistance services.
| Slovenia | |
|---|---|
| Operating revenue | €12.3m |
| - Of which non-Group | €2.9m |
| Number of assistance cases | 72,453 |
| - Of which non-Group | 14,945 |
Data for 2021.
Asset management
Sava Infond manages assets in excess of €500 million, serving over 80,000 investors. The company has been successfully putting capital to work for its clients for almost thirty years.
| Slovenia | |
|---|---|
| Assets under management | €570.5m |
| Revenue | €10.9m |
Data for 2021.
News
3 March 2023
Unaudited results 2022: Sava Insurance Group generates pre-tax profit of €84m
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, Ljubljana, makes the...
16 January 2023
Announcement of change entered in register of companies
In accordance with the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:...
22 December 2022
Strategy for 2023–2027 and Business Plan for 2023
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, 1000 Ljubljana, makes...