June 6 (SeeNews) - Slovenian insurer Sava Re's [LJE:POSR] shareholders have approved the payment of a gross dividend of 1.60 euro ($1.72) per share on June 21, up from last year's payout of 1.50 euro per share, the company said.
The shareholders approved a dividend payout of 24.8 million euro, or 36.3% of the 2022 consolidated net profit of Sava Insurance Group, Sava Re said in a filing with the Ljubljana Stock Exchange on Monday.
The remaining part of the accumulated profit in the amount of 13.8 million euro will be retained, Sava Re said.
The consolidated net profit of the Sava Insurance Group fell by 10.4% to 68.2 million euro in 2022. The distributable profit of Sava Re for 2022 amounted to 41.8 million euro.
($ = 0.93202 euro)