SAVA RE, d. d., Ljubljana
Estimate of loss after hail in south-eastern Slovenia
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and the Market in Financial Instruments Act, Sava Re, d.d., Dunajska 56, Ljubljana announces the following:
A storm with hail hit south-eastern Slovenia on 8 June 2018. The most severely affected place was Črnomelj with surroundings. Zavarovalnica Sava, d.d., which holds a relatively large market share in this part of Slovenia, will cover all insured losses that its insured are entitled to claim. After the first estimates, the loss will exceed EUR 5 million.
One loss event of EUR 5 million is already included in the planned profit or loss for 2018 of the Sava Re Group. If there are no other loss events of a similar size, the Sava Re Group can still achieve the 2018 plan.
This announcement will also be available on the Company's website at www.sava-re.si, at least five years from the date of the announcement.