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Slovenia’s Sava Re Kosovo units post mixed 9-mo results – table

Nov 29, 2012, 3:58:38 PMArticle by Vera Borisova
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November 29 (SeeNews) - Slovenian reinsurer Sava Re reported on Thursday mixed nine-month results from its two units operating in Kosovo.

Slovenia’s Sava Re Kosovo units post mixed 9-mo results – table

The gross written premiums (GWPs) of general insurer Illyria dropped by 22.5% to 8.64 million euro ($11.1 million) through September, Sava Re said in its unaudited nine-month report.

The decline in gross written premiums was a result of excluding major loss-making policyholders from the portfolio, Sava Re added.

Life insurer Illyria Life's gross written premiums amounted to some 727,800 euro in the January-September period, up from 704,000 euro recorded a year earlier.

Apart from the two insurance companies, Sava Re also owns a special purpose vehicle - Dukagjini Hospital, in Kosovo.

Following is performance data for Illyria and Illyria Life (in euro):

GWP Jan-Sept'12 GWP Jan-Sept'11 Gross paid claims Jan-Sept'12 Gross paid claims Jan-Sept'11
Illyria 8,642,730 11,146,645 4,292,795 5,138,859
Illyria Life 727,776 704,376 34,171 25,445

($=0.7757 euro)

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