Lower profit for leading insurers in 2022

Slovenia's leading insurance groups, Triglav and Sava, saw a decline in profit last year despite higher revenue and gross written premiums, a development they attribute to higher claims and inflation.

The market leader, Zavarovalnica Triglav posted a group net profit of €110 million, down by 2% on 2021 as revenue rose by 10% to €1.6 billion, according preliminary earnings report released on 3 March.

Meanwhile, Sava Insurance Group reported its net profit falling by 10% last year to €68.2 million as operating revenue rose by 3% to €753.6 million.

Catastrophic...