...S&P Global Ratings' issuer credit and financial strength ratings on Pozavarovalnica Sava d.d. (Sava Re) and our financial strength rating on its core subsidiary Zavarovalnica Sava d.d. (formerly Zavarovalnica Maribor d.d.) reflect the group's strong market position in Slovenia, good and stable operating performance, and '###' risk-based capital adequacy according to our capital model, which is also reaffirmed by a Solvency II ratio of 220% at the end of 2017. In our view, Sava Re's market position as the second-largest insurance group in Slovenia's stable and profitable market allows to the group to display good and stable operating performance while retaining extremely strong capital. Furthermore, the company benefits from solid income from its internationally active reinsurance business. In 2017, gross premiums written reached 517 million, up from 490 million in 2016. In the first half of 2018 premiums continued to grow and reached 309 million, which was 3.7% more than in the same period...
