104%
Storms, floods and supplementary health made 2023 Slovenian insurers' only underwriting loss since 2021
Slovenia's non-life combined ratio after reinsurance rose from 93% in 2022 to 104% in 2023 and was back at 90% in 2024. Reinsurers paid 22% of the year's claims, against 12% a year earlier.
Gross non-life claims of Slovenian insurers rose 37% in 2023, to €1.84bn, against €2.22bn of earned premium. With expenses, the market's combined ratio after reinsurance was 104% (gross 104%), after 86% in 2021 and 93% in 2022; in 2024 it was 90% and in 2025 84%. Three lines drove it, before reinsurance: property at 123% after the hailstorms of July and the floods of early August, casco at 107%, and supplementary health at 116% in its last year before it was abolished from January 2024. Without health, the gross ratio was 98%.
Reinsurance carried a larger part than usual. Reinsurers paid 22% of the market's gross claims in 2023, against 12% in 2022 and 20% in 2024, while they received 17% of the premium. Zavarovalnica Triglav, the largest insurer, recovered 43% of its gross non-life claims (28% in 2022); its gross combined ratio rose to 96%, while Sava reached 100% and Generali 104%.
The market's combined ratios are after reinsurance, as on the market page; claims and the line ratios are gross, from each domestic insurer's SFCR (S.05.01), each insurer's lines under €1m of earned premium left out; claims recovered = 1 − net ÷ gross claims. The combined ratio includes all expenses but not investment income, so a ratio above 100% is an underwriting loss, not necessarily a loss for the year.
The numbers behind it
More insights
Motor is 53% of non-life premium in the 18 markets, and over half in 12 of them
53%Motor liability and casco brought in €22.78bn of the €43.01bn the 18 markets wrote in non-life lines in 2025, which include the accident and health cover life insurers sell. Scroll through where motor matters most, claims that rise faster than premiums, what a policy costs, how prices moved and Romania after City and Euroins.
40 of 64 large non-life insurers in the EU markets made an underwriting profit after reinsurance in each of the last five years
40 of 64Among insurers in the eleven Solvency II markets with at least €50m of non-life earned premium in every year from 2021 to 2025, 40 kept their combined ratio after reinsurance below 100% each year. All of them in Czechia, Bulgaria, Slovenia and Latvia did; in Slovakia, one of six.
Motor liability claims are rising faster than premiums in Poland and Hungary
+72%The average motor liability claim paid in Poland rose 72% between 2021 and 2025, the average premium 25%. In Hungary claims rose 43%, premiums 19%.
Pages behind it
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Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). Storms, floods and supplementary health made 2023 Slovenian insurers' only underwriting loss since 2021 [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insights/slovenia-2023-storms-and-floods
BibTeXShow entry
@misc{polisa_insights_slovenia_2023_storms_and_floods_2026,
author = {{Polisa}},
title = {Storms, floods and supplementary health made 2023 Slovenian insurers' only underwriting loss since 2021},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insights/slovenia-2023-storms-and-floods}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data under each publisher's terms, see Method.