AI Terminal
Pozavarovalnica Sava
Investor Presentation • Dec 24, 2018
1987_rns_2018-12-24_cce62eea-6050-43fb-9cf2-d302255c1f34.pdf
Investor Presentation
Open in ViewerOpens in native device viewer
a of the Sava Re Group and Sava Re, d.d. 2019 PLAN
21 December 2018
Fundamental goals of the 2019 plan
Insurance
Client-focus, digitisation of operations and development of innovative services and insurance products, assistance services supporting insurance products, implementation of IFRS 9 and preparing for the implementation of IFRS 17
Reinsurance
Growth primarily in Latin American markets, implementation of IFRS 9 and preparing for the implementation of IFRS 17
Pensions
v Active approach to marketing and promotion of individual payments into pension funds
Ancillary services
Development of assistance segment in Slovenia and other markets in addition to motor assistance: health care and home assistance
Capital growth and use
Exploring new growth opportunities (in line with the strategy) in insurance markets as well as in ancillary business viewed by clients as additional services
Key performance indicators of the Sava Re Group plan
- Return on equity > 12,0%
- Growth in Group revenue > 4,5%
- Solvency II coverage ratio between 170% and 200%
Key performance indicators of the 2019 Group plan
| (€ million) | 2017 | 2018 plan | 1-9/2018 | 2019 plan | |
|---|---|---|---|---|---|
| Group | |||||
| Revenue | 492,4 | NA | 393,3 | > €535 m | |
| Profit or loss, net of tax | 31,1 | €37‒39 m |
29,1 | minimum €43 m | |
| Return on equity | 10,1% | > 11% | 11,8% | > 12% | |
| v Re/insurance part |
|||||
| Gross premiums written | 517,2 | > €520 m | 430,3 | > €555 m | |
| Net premiums earned | 470,9 | NA | 370,7 | > €515 m | |
| Net expense ratio (reins. + non-life + life) | 32,6% | 31,4‒31,7% | 32,3% | 32,4‒33,0% | |
| Net incurred loss ratio* (reins. + non-life) | 60,5% | 59,4‒59,9% | 58,8% | 59,2‒59,7% | |
| Net combined ratio* (reins. + non-life) | 95,5% | 94,0‒94,5% | 94,5% | 93,6‒94,1% | |
| Return on investments net of exch. rate diff. | 2,0% | 1,7% | 1,8% | 1,7% | |
| * Excluding FX differences 1‒9/2018. | = our estimate for 2018 – | achievement of individual targets |
Consolidated gross premiums written and revenue of non-insurance companies
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 developments, in particular performance, may differ materially from the expectations, plans and goals set out in this document; therefore, persons should not rely on forward-looking statements.
Duty to update
Sava Re assumes no obligation to conform any forward-looking statements or other information contained in this document to future events or developments.