December 1 (SeeNews) - Slovenian reinsurer Sava Re said it turned to a non-consolidated net loss of 6.6 million euro ($9.96 million) through September from a net profit of 4.6 million euro a year earlier.
The company's net premiums written rose by 14.7% to 97.4 million euro in the first nine months of the year, Sava Re said in its January-September unaudited non-consolidated report posted on its website (www.sava-re.si).
Gross premiums written grew by 16.2% to 117.8 million euro in the nine months to September, the report said.
Net claims paid totalled 55.3 million euro over the review period, representing a drop of 11.4% year-on-year.
As of September 30, 2009, the reinsurer's total assets amounted to 419.6 million euro, up 5.1% compared to end-2008.
Sava Re is the parent company of the Sava Re Group, consisting of the parent and nine insurers based in the countries of former Yugoslavia and a fund management company based in Macedonia. There are also two associated companies: one insurer and one pension company, both Slovenia-based, the report said.
Sava Re shares, part of the broader SBI20 index of the Ljubljana Stock Exchange, were trading up 1.84% at an average daily price of 14.96 euro by 1335 GMT.
($ = 0.6566 euro)