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SI

Operations of the Sava Insurance Group

Key financials

Sava Insurance Group
EUR, except percentages
2019
2018
Total of all operating segments
Operating revenue
584,178,117
531,343,205
Year-on-year change
9.9%
9.7%
Profit or loss before tax
60,744,015
55,260,572
Year-on-year change
9.9%
38.6%
Profit or loss, net of tax
50,194,588
43,011,849
Year-on-year change
16.7%
38.3%
Comprehensive income
59,589,361
36,448,443
Year-on-year change
63.5%
11.2%
Return on revenue*
8.6%
8.1%
Net expense ratio*
31.3%
32.8%
..
Return on equity
13.8%
13.1%
Earnings or loss per share
3.22
2.76
..
Return on the investment portfolio*
1.9%
1.7%
Reinsurance + non-life
Gross premiums written
508,530,894
457,228,348
Year-on-year change
11.2%
7.0%
Net incurred loss ratio*
61.7%
57.0%
Net expense ratio
32.3%
34.2%
Net combined ratio*
93.8%
92.9%
Profit or loss before tax
40,460,026
40,837,674
Year-on-year change
-0.9%
42.5%
Total of all operating segments
31 Dec 2019
31 Dec 2018
Total assets
1,885,953,003
1,706,023,490
Change on 31 Dec of prior year
10.5%
-0.1%
..
Shareholders’ equity
384,776,847
340,175,455
Change on 31 Dec of prior year
13.1%
7.6%
..
Net technical provisions
1,115,945,868
1,103,231,374
Change on 31 Dec of prior year
1.2%
-2.1%
..
Book value per share
24.83
21.95
Number of employees (full-time equivalent basis)
2,723.3
2,416.7
..
Solvency ratio under Solvency II rules
-
218.0%
Life business
Gross premiums written
87,668,880
86,852,148
Year-on-year change
0.9%
-1.3%
Net expense ratio
28.9%
27.9%
Profit or loss before tax
16,593,299
12,355,948
Year-on-year change
34.4%
13.8%
*    Excluding the effect of exchange differences. The return on the investment portfolio does not include the cost of the subordinated debt.
**  For details on the calculation of ratios and net investment income, see the glossary in Appendix C2.