The rating agency affirmed the financial strength rating of Sava Re of “A” (Excellent) and its long-term issuer credit rating of “a”, both with a stable outlook.

Sava Re published a document on the Ljubljana Stock Exchange stating that rating agency AM Best affirmed the financial strength rating of Sava Re of “A” (Excellent) and its long-term issuer credit rating of “a”, both with a stable outlook.

The agency states in its release that its assessment that the balance sheet is very strong is based on the strongest level of risk-adjusted capitalization, liquid investment portfolio, prudent reserving and good internal capital generation. With the Company’s low reliance on reinsurance, sound financial flexibility and access to equity and debt markets, the agency expects the Company’s balance sheet to remain very strong in the medium term.

Furthermore, the AM Best finds that Sava Re has a track record of generating strong and stable operating results driven by sound non-life and life underwriting performance, supplemented by healthy investment income. The agency expects operating performance to remain strong over the medium term, supported by disciplined underwriting and good risk selection.

The rating agency also assesses that Sava Re’s risk management framework is appropriate for the Company’s risk profile and operational scope.