Pozavarovalnica Sava d d : Predstavitev za vlagatelje 2023 (v ang.)
June 19, 2024 at 09:58 am
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Sava Insurance Group presentation
April 2024
CONTENTS
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02
03
04
05
Overview
Profile of business pillars
2023 results
2023-2027 strategy
2024 plan
OVERVIEW
Business profile
Sava Insurance Group GPW and market shares (insurance) 2023 by country
Breakdown of 2023 business volume (€910.1m)
Slovenia:
GPW: €630m
Ins. market share: 20.6% 1 composite ins. co.
1 reinsurance company
1 life insurance company
1 pension ins. company
1 fund mng company
Croatia:
GPW: €19m
Ins. market share: 1.1%
1 composite branch office of Slovenian insurer
Montenegro:
GPW: €21m
Ins. market share: 17.3% 1 non-lifeins. company
Serbia:
GPW: €47m
Ins. market share: 3.6%* 1 non-life& 1 life ins. company
Kosovo:
GPW: €22m
Ins. market share: 14.8% 1 non-life& 1 life ins. company
North Macedonia:
GPW: €20m
Ins. market share: 8.8% 1 non-lifeins. company 1 pension fund
* 1-9/2023 as data for the full year 2023 have not yet been published.
Key facts
The 3rd largest insurance group in the Adria region (total GPW of € 884.6m in 2023).
Presence in 6 Adria countries with strong position in underpenetrated markets alike Montenegro, North Macedonia and Kosovo.
The largest non-captive reinsurer in the region with business spanning worldwide.
After the takeover of Slovenian fund management company in 2019 Sava Insurance Group has close to €4b assets under management.
Rating: S&P A, stable outlook (Sep 2023), AM Best A, stable outlook (Sep 2023)
Listed on the prime market of the Ljubljana Stock Exchange (POSR symbol)
Solvency position of Sava Insurance Group at 31 Dec 2022: SII: 183%
Sava Insurance Group presentation / Overview
4
Composition of the Sava Insurance Group as of December 31, 2023
Sava Insurance Group presentation / Overview
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Equity story full outline
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2
3
4
Strong market position (#3) in the region.
Unique positioning to capture expected growth of Adria region insurance market.
Historical achievement of high return on equity.
Strong financial position and credit rating rated "A" with a stable outlook.
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6
7
A model for the transfer of good practices in Slovenia to other markets - close connection of processes.
Reputation on international reinsurance markets.
Experienced leadership with a clear vision and measurable business goals.
Sava Insurance Group presentation / Overview
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Sava Insurance Group growth through acquisitions
Expansion into Adria region
Acquisition of
Zavarovalnica
Sava
Sava Re has been engaged in reinsurance for more than 40 years.
Sava Insurance Group presentation / Overview
Expansion into the pensions and
Strengthening the position
asset management segment
in life insurance
7
Sava Insurance Group history - Consolidated net result & ROE
A.M. Best rating: A-
S&P rating: A-
S&P rating: A
(stable)
(stable)
(stable)
S&P rating: BBB+
A.M. Best rating: A
(stable)
(stable)
Change in accounting standards in 2023 (previously IFRS 4 and IAS 39, from 2023 onwards IFRS 17 and IFRS 9).
Sava Insurance Group presentation / Overview
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The management board
Polona Pirš Zupančič
Peter Skvarča
David Benedek
Marko Jazbec
Chairman
Member
Member
Member
He is responsible for human
She is responsible for corporate
He is responsible for reinsurance
He is responsible for financial
resources; general, organisational
finance, strategic planning and
operations and management of
operations and asset management,
and legal affairs; public relations;
controlling, accounting, investor
strategic investments in non-
management of strategic
compliance; internal audit;
relations, risk and capital
Slovenian insurance subsidiaries.
investments in pension companies,
information technology,
management, actuarial affairs and
asset management companies
sustainability and the management
modelling.
(DZUs), healthcare companies and
of strategic investments in Slovenia-
management of cross-sectoral
based subsidiaries.
cooperation with commercial banks
at Group level.
Sava Insurance Group presentation / Overview
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Book value per share and POSR share price performance
Book value per share
Share price at 31/12/2023
Total share return
€37.79
€28.00
32.1%
2023/2022: +10.2%
2023/2022: +25.0%
2023/2022: +46.5 p.p.
More information on POSR share performance and returns is available at: https://www.sava-re.si/en-si/investor-relations/our-share/
Sava Insurance Group presentation / Overview
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Attachments
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Original Document
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Disclaimer
Pozavarovalnica Sava dd published this content on
19 June 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
19 June 2024 13:57:08 UTC.
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Companyâs activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Companyâs non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
POZAVAROVALNICA SAVA, D.D. 
