Insurer Sava reports lower half-year profit on flat revenue

Ljubljana – The insurance group Sava saw its half-year net profit reduced by a third year-on-year to EUR 28.9 million as operating revenue remained level at EUR 364.2 million. The company said the drop was mainly due the frequency of vehicle insurance claims returning to pre-pandemic levels. In a regulatory filing posted with the Ljubljana Stock Exchange on Wednesday, the company also said that high inflation had pushed up the cost of settling claims, and provisions for future claims. In addition, the group suffered large weather-related losses and other major…

For FREE further reading please JUST enter your email address

I allow to collect my email data for analytics and email campaign

The post Insurer Sava reports lower half-year profit on flat revenue appeared first on Slovenia Times.