The year 2025 also brought very positive developments in cooperation with Sava Re’s business partners: the Group further strengthened collaboration with existing bancassurance distribution channels in Slovenia and established new ones in its markets outside the EU, according to the report.
Throughout the year, Sava Re directed its activities towards the Group’s strategic priorities, thereby laying the groundwork for its continued success in the years ahead. The Group also further developed
self-service portals for customers and expanded its business communication with them through digital channels.
In 2025, Sava Re made progress in decarbonizing the value chain. The Group systematically integrates sustainability criteria into investment decisions, supplier selection and evaluation procedures, and product development. By the end of 2025, the share of ESG investments reached its 25% target. As an entity subject to the CSRD Directive, the Sava Insurance Group published its first audited sustainability report last year, prepared in line with the European Sustainability Reporting Standards (ESRS), which significantly strengthens the transparency, comparability and credibility of reporting on the achievement of the Group’s sustainability goals.
“The net profit of the Sava Insurance Group amounted to EUR 114.1 million in 2025 and surpassed the EUR 100 million mark for the first time. The Group thus achieved a return on equity of 15.9%. The volume of business increased by 9.5%, exceeding the planned growth, and notably every business segment contributed to this. Outstanding growth of 23% was recorded in reinsurance, resulting from increased participation in existing business and new business generated in selected new markets. We were also encouraged to see a positive trend in the combined ratio, which, largely due to favourable claims developments, decreased by 3.9 percentage points to 87.4%”, said Marko Jazbec, Chairman of the Management Board of Sava Re d.d.
According to Marko Jazbec, in 2026, the Group will remain firmly focused on achieving its annual goals, while also looking further ahead. Sava Re is intensively preparing for the new strategy period, as it is developing a new medium-term strategy that will be ambitious and will address key transformation trends, in particular artificial intelligence, digitalisation, data and sustainability.
At its session on 2 April 2026, the supervisory board of Sava Re d.d. approved the audited Annual Report of the Sava Insurance Group and Sava Re d.d. for 2025. The supervisory and management boards have prepared a proposal for this year’s general meeting of shareholders to pay a gross dividend of EUR 2.75 per share to the Company’s shareholders. Taking into account the number of treasury shares, this amounts to EUR 42,618,664.00, or 37.4% of the Group’s consolidated net profit for 2025.
The Sava Insurance Group closed 2025 successfully and above its financial targets. Accordingly, the supervisory and management boards have drafted a dividend resolution for the general meeting that reflects the Group’s performance. In doing so, the Company also considered other factors, namely the estimated surplus of eligible own funds over the solvency capital requirement under Solvency II, the own risk and solvency assessment of the Group, the capital models of S&P Global Ratings and AM Best, the approved annual and strategic plans of the Group and the Company, new development projects to engage additional capital and other relevant circumstances affecting the Company’s financial position. The 22.2% increase in the dividend (representing 37.4% of the Group’s consolidated net profit for 2025) is based on strong performance in 2025 that exceeded the plan. As in previous years, the Company will continue to pursue its dividend policy of distributing between 35% and 45% of consolidated net profit.
The full Annual Report can be found here.
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