Insurer Sava Re posts 35.3% profit growth in first six months

Ljubljana – Insurer Sava Re generated a net profit of EUR 43.5 million in the first six months of 2021, an increase of 35.3% compared to the same period last year. The group collected gross premiums of EUR 414.5 million, a growth of 10.9%, show unaudited interim results released on Thursday. This 10.9% year-on-year premium growth was predominantly driven by the Slovenian life business (96.8% growth) as a result of the acquisition of Vita, which contributed EUR 54.7 million in gross premiums written. Net insurance premium income was EUR 342.2…

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