Slovenia
SLOVENIA: AM Best confirmed the rating of SAVA Re at A level
The rating agency AM Best confirmed the financial strength rating "A" (excellent) of the Slovenian reinsurer Sava Re and its long-term credit rating at "a", both with a stable outlook, osigurajse.net informed.
8 November 2021SLOVENIA: AM Best affirms Triglav's rating at 'A', outlook stable
The rating agency AM Best affirmed the financial strength rating of the Slovenian insurer Zavarovalnica Triglav and its subsidiary, Pozavarovalnica Triglav Re, at 'A' (excellent) and their long-term issuer ratings at 'a', SeeNews informed with reference to the insurer's statement.
19 October 2021STATISTICS: SLOVENIA, 1H2021: balanced market growth on the main business segments
Slovenian insurers ended 1H2021 with GWP worth EUR 1.4 billion, 2.84% up y-o-y. Paid claims increased by 3.97%, to EUR 810.4 million. As the growth rates recorded by the life and non-life segments were comparable, their contribution to the market growth, in absolute terms, was also similar.
7 October 2021SLOVENIA: net profit of the Prva Group rose 68.9%
Consolidated net profit of the Slovenian insurance holding company Prva Group rose 68.9% y-o-y to EUR 4.2 million in the first six months of 2021, SeeNews reported.
4 October 2021S&P's affirmed Sava Re's "A" financial strength rating
Standard & Poor's affirmed the "A" (strong) insurer financial strength rating on Sava Re d.d. and Zavarovalnica Sava d.d. The outlook is stable, the company announced in a press release.
15 September 2021Sava Re's has published its revised Corporate Governance Policy document, effective as of 1 September 2021
Sava Re published, according to the Rules of the Ljubljana Stock Exchange where the company is listed, the revised Corporate Governance Policy of Sava Re document, recently adopted by its management board.
26 August 2021Sava Group, 1H2021: good results support group's expectation for a year-end net profit exceeding by 13% the original target
In 1H2021, the Sava Insurance Group generated EUR 363.7 million in operating revenue and a net profit of EUR 43.5 million. Operating revenue and net profit represented 53.1% and 82.1%, respectively, of the full-year targets.
19 August 2021STATISTICS: UL products and life traditional policies pushed the Slovene life insurance market in negative area
Slovenian insurance market totaled EUR 724 million at the end of Q1 2021, 1.3% more y-o-y, according to the Slovenian Insurance Association's Q1 report.
15 July 2021Slovenian SAVA Re will pay a EUR 0.85 gross dividend per share for 2020
SAVA Re's the general meeting of shareholders has decided the company will pay a EUR 0.85 gross dividend per share. Shareholders entered in the shareholders' register as at 9 June 2021 will receive their dividends until 10 June 2021.
27 May 2021Triglav Group: good Q1 results support the group's annual profit guidance
Triglav Group posted a total of EUR 371.7 million in consolidated GWP, up by 7% y-o-y, and achieved premium growth in most markets. Profit before tax in Q1 amounted to EUR 31.8 million, up by 21% y-o-y and 6% higher than in Q1 2019.
19 May 2021STATISTICS: Slovene market ended 2020 with GWP of EUR 2.6 billion
The Slovenian insurance market totaled EUR 2.57 billion at the end of 2020, a 2.07% increase y-o-y, according to the Slovenian Insurance Association's year-end figures.
6 May 2021Slovenian ISA amends previous recommendation regarding dividend payments
Slovenian Insurance Supervisory Authority informed in a letter sent to all local insurance, reinsurance and pension companies, that it will adjust its previous recommendation from March this year.
5 April 2021Slovenian ISA asks insurers to suspend dividend payments until 30 September 2021
Due to the uncertain situation regarding the spread of the COVID-19 pandemic and the consequent unclear impacts on the economy and the insurance industry, last week, Slovenian Insurance Supervision Agency asked the supervised entities to suspend dividend payments.
8 March 2021TRIGLAV Group, 2020: gross profit down by 10% y-o-y due to low interest rates and increasing technical provisions; technical indicators improved on all lines
Slovene Triglav Group achieved in 2020 profit before tax of EUR 90.9 million, down 10% y-o-y and GWP worth EUR 1,233.8 million, up by 4% y-o-y. The technical result improved on all lines, but the persisting extremely low interest rate environment affected the bottom result.
4 March 2021STATISTICS: Slovenian market totaled almost EUR 2 billion at the end of Q3 2020
The Slovenian insurance market totaled EUR 1.97 billion in the first nine months of 2020, a 3.65% increase y-o-y, according to the Slovenian Insurance Association's Q3 report. Life insurance GWP increased by EUR 7.75 million to EUR 557 million, while the Non-life segment reported a positive rate of 4.68%, reaching EUR 1.42 billion - or 71.76% of total GWP.
4 March 2021STATISTICS: SLOVENIA, 1H2020: 9 out of the 13 insurers reported operating profit in the Q2
In 1H2020 the insurance market of Slovenia totaled EUR 1.4 billion, 4.2% more y-o-y. The life sector grew by 1.8%, to EUR 381 million (including pension funds), while non-life GWP went up by 5.2%, to EUR 993 million.
29 October 2020Slovenian TRIGLAV Group targets a EUR 85-95 million profit before tax for 2021
In view of the selected probable scenario of business conditions in 2021, Slovenian TRIGLAV Group plans to increase its consolidated gross written premium to EUR 1.2-1.3 billion and its profit before tax to EUR 85-95 million.
15 October 2020SAVA Re to pay dividend despite ISA's recommendations
Slovene re/insurance group SAVA announced it intends to send a notification to the Insurance Supervision Agency declaring its intention to pay out dividends in respect of 2019.
31 August 2020SLOVENIA: Insurance Supervision recommends to all supervised entities even after 1 October 2020 to suspend dividend payments
Due to the uncertain situation regarding the spread of the COVID-19 epidemic and the consequent unclear impacts of the epidemic on the economy and the insurance industry, the Slovenian Insurance Supervision Agency recommends that insurance, reinsurance and pension companies even after 1 October 2020 suspend dividend payments.
24 August 2020STATISTICS: SLOVENIA, 1Q2020: Life & health generated two thirds of total claims paid by insurers
Slovenian insurance market totaled EUR 714 million at the end of March 2020, 6.2% more y-o-y, according to the Slovenian Insurance Association's Q1 report.
30 July 2020
