Slovenian Weekly Report 18.6.2018-22.6.2018
SAVA RE:
Sava Re Group issued a Solvency and financial condition report for 2017. Please note that in May 2018 Sava RE issued a solvency report for mother company Sava d.d., which stood at 283%.
As at 31st December 2017, Sava RE Group had a high solvency rating of 220% with consolidated solvency capital requirement (SCR) at EUR 199.7m while eligible own funds stood at EUR 451.4m.
On 31st December 2016 the solvency rating was at 204% with SCR EUR 202.2m with eligible own funds at EUR 423.4m.Conseqeuntly position improved.
This solvency ratio is also in line with the Group’s internal rules, as its actually exceeding the optimal solvency ratio range of 170% to 200%.
For comparison, Zavarovalnica Triglav Group had on 31st December 2017 a solvency ratio of 222% with Total SCR at EUR 394.8m while eligible own funds amounted to EUR 878.1m.
PETROL:
Petrol Group adopted a 2022 Strategy of the Petrol Group. Note the coverage remains temporarily suspended.
Please note the next Weekly is scheduled for 9th July 2018.
Pozavarovalnica Sava dd (or Sava Reinsurance Plc), also known as Sava Re dd, is a Slovenia-based reinsurance undertaking. It operates as a parent company of Sava Re Group, which comprises direct insurance and pension undertakings. The Company's activities are divided into four segments: Reinsurance operations, Non-life insurance operations, Life insurance operations and Other business segment. The Reinsurance operations segment comprises treaty and facultative arrangements for intra-group clients and insurance and reinsurance partners worldwide. The Non-life insurance operations segment supports local markets with non-life insurance products and customer oriented services. The Life insurance operations segment is focused on life protection and saving products, including pension schemes. The Other business segment comprises operations of the Company's non-insurance subsidiaries. Sava Re Group operates through subsidiaries in Slovenia, Croatia, Serbia, Macedonia, Montenegro and Kosovo.
Telekom Slovenije dd is a Slovenia-based company engaged in the provision of telecommunication services. The Company provides fixed and mobile communications, system integration and cloud computing, construction and maintenance of telecommunication networks, digital content and services, multimedia, digital advertising. It operates under the brands Mobitel and SiOL. The Company's services and products include business bundles, Centreks, Moneta, M vrata, among others. The Company is active in Slovenia, Kosovo, Macedonia, Bosnia and Herzegovina, Croatia, Montenegro and Gibraltar. On November 6, 2013, the Company concluded the transaction of transferring a 100% stake in the capital of PRIMO Communications SHPK to AD-Trade SHPK, Albania. The Company's major shareholder is Slovenska odskodninska druzba dd with a stake of 72.75%.
ALTA Invest, investicijske storitve, d.d., (ALTA Invest, investment services, Inc.) is a part of ALTA Group, the biggest financial non-banking group in Slovenia. ALTA Invest has around 28% market share on the domestic Ljubljana Stock Exchange and has more than EUR 95m of assets under management.
Our trading advantage is our execution of large trading blocks with low impact on the market. We offer trading on several platforms on numerous markets, with a wide variety of financial instruments. Our advantage is also a research department, which is both sell side and buy side and has the far most extensive and regular coverage of domestic companies. We cover 9 companies on Ljubljana Stock Exchange, which is around 90% of Mcap on LJSE – and here we are practically the only local broker providing this kind of extensive and regular coverage for Slovenian companies.
A part of ALTA Group are ALTA Skladi, a mutual fund asset management company with roughly EUR 260m of asset under management. ALTA Group is also extensively involved in corporate finance projects and raised considerable assets (fixed income and equity) in the last two years for several companies.
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