Sava Re,d.d · LJSE:POSR
Sava Re,d.d — Sava Re Group — FY2018 Earnings Presentation
12 slides from Sava Re,d.d's earnings presentation, Mar 8, 2019
Slide 1: Sava Re Group 2018 unaudited results and 2019 plan
Sava Re Group a 2018 unaudited results and 2019 plan 8 March 2019
Slide 2: 2018 unaudited results
2018 unaudited results
Slide 3: Highlights of 2018
Highlights of 2018 Premium growth of 6%, growth in operating revenues of 10% Record profit of €43 million and 13,1% return on equity (lower end of target range exceeded by 2,1 p.p.) Benign year in terms of claims – combined ratio of 92,9% at a record low v Improved credit ratings by Standard & Poor'
Slide 4: Achievement of the 2018 plan
Achievement of the 2018 plan 2017 2018 plan Unaudited 2018* Group Gross premiums written €517,2 m > €520 m €546,3 m Profit or loss, net of tax €31,1 m €37‒39 m €43,0 m Return on equity 10,1% > 11% 13,1% v Investment return** 2,0% 1,7% 1,7% Book value per share €20,40 n.a. €21,95 Re/insurance part (+
Slide 5: 2018 – Growth in consolidated gross premiums written
2018 – Growth in consolidated gross premiums written Consolidated gross premiums written Plan achieved €546,3 m 18/17: 5,6% growth 490,2 517,2 546,3 > 520 600,0 2,1 +4.7% 2,2 7,1 +17.8% 1,4 500,0 1,1 78,5 8,3 76,5 8,0 v 79,0 6,5 80,9 -2.9% 68,1 400,0 60,6 +12.5% 66,1 55,1 300,0 255,8 270,4 +10.9% 29
Slide 6: 2018 – Strong growth in GPW in all insurance markets
2018 – Strong growth in GPW in all insurance markets Insurance and pension companies Reinsurance company Slovenia Insurance company Premiums: €378,4 m Serbia 18/17: +7,7% Premiums: €22,5 m Pension company 18/17: +23,4% Pension fund inflows: v€11,5 m 18/17: +4,6% Global markets Kosovo (Sava Re reinsu
Slide 7: 2019 plan
2019 plan
Slide 8: Key targets of the 2019 plan
Key targets of the 2019 plan Insurance business Client-focus, digitisation of operations, development of innovative services and insurance products, assistance services in connection with insurance products, preparing for implementation of IFRS 9 and 17 Reinsurance business Growth especially in Lati
Slide 9: Key performance indicators of the 2019 Group plan
Key performance indicators of the 2019 Group plan € million Unaudited 2017 2019 plan 2018* Group Operating revenues 492,4 540,5 > 4,5% growth > €43 m; > 10% growth based Profit or loss, net of tax 31,1 43,0 on 2018 estimate Return on equity 10,1% 13,1% > 12% vReturn on investments** 2,0% 1,7% 1,7% R
Slide 10: Consolidated gross premiums written and revenue of non-insurance companies
Consolidated gross premiums written and revenue of non-insurance companies Planned growth/decline in 2019 350,0 +2% (based on 2018 estimate) 300,0 250,0 200,0 +12% 150,0 v -4% +6% 100,0 +13% +15% +2% 50,0 0,0 € million Reinsurance Non-life Slovenia Life Slovenia Non-life Life international Pension b
Slide 11: Thank you for your attention.
Thank you for your attention.
Slide 12: Disclaimer
Disclaimer Forward-looking statements This document may contain forward-looking statements relating to Sava Re’s expectations, plans or goals, which are based on assumptions made by Sava Re management. By their nature, forward-looking statements involve risk and uncertainty. As a result, actual deve