Sava
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →In the news3 Dec 2025: Competition watchdog fines ten insurers MKD 17.27m over motor TPL price moves All news for North Macedonia
Latest resultsH1 2026, year to date: €13m of premium, +7.0% on H1 2025 (market −0.6%); share 8.6% (+0.6 pp), #6 of 16. More
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Sava's line mix, and where it stands among the 17 insurers in North Macedonia on each measure, FY 2025.
Each bar runs from the weakest to the strongest of the insurers in North Macedonia with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.
Latest quarter
Premium and market share
Market share against the nearest rivals
By year
| Insurer | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Triglav | 11.5% | 11.9% | 10.3% | 10.1% | 9.5% |
| Croatia Non-life | 5.8% | 7.4% | 7.6% | 7.9% | 8.5% |
| Sava | 8.1% | 8.4% | 8.8% | 8.6% | 8.3% |
| Halk | 8.5% | 5.4% | 5.4% | 6.0% | 6.7% |
| Osiguritelna Polisa | 5.7% | 5.6% | 5.6% | 5.6% | 5.4% |
Lines and claims
Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.
All figures
Claims and costs over time
Solvency
Capital cover over time
DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers
Capital at year end
What the capital requirement covers
Capital cover
Profitability
Net profit by year
All figures
Profit and equity by year
Sava beside the other insurers of North Macedonia: operating ratio, sources of profit and leverage →
Ownership and events
Company details
- Website
- mk.sava.insure
- Employees
- 219 (2025; 218 in 2024)
- Premium per employee
- €111k (FY 2025; median for non-life insurers in North Macedonia: €131k; all insurers)
Website from the company's own reports or the supervisor's register, checked 20 Oct 2026. Employees: employees at 31 December, from the notes to each insurer's audited financial statements or its annual report filed with the Macedonian Stock Exchange; the supervisor publishes only the sector total, which they match (2,012 of 2,016 in 2025).
Questions about Sava
Short answers from the figures on this page.
What is Sava's market share in North Macedonia?
Sava wrote €24.2m of premium in FY 2025, 8.3% of all premium in North Macedonia, ranking #6 of 17 insurers; its premium grew 8.9% on FY 2024 in MKD.
Who owns Sava?
Sava is part of the Sava group, which has 8 companies in 5 of the 18 markets on Polisa (FY 2025).
What does Sava sell?
Sava is a non-life insurer; its largest lines in FY 2025 are motor TPL (38.6% of its premium), property (20.2%) and casco (18.3%).
Is Sava well capitalised?
Sava's solvency margin was 265% at 31 December 2025: it covered its required solvency margin 2.6 times, against a median of 298% for the insurers in North Macedonia (local rules, not Solvency II).
Is Sava profitable?
Sava made a net profit of €0.943m in FY 2025, a return on equity of 10.8%; its non-life combined ratio was 100% after reinsurance.
Is Sava growing?
Sava's premium grew 8.9% in MKD in FY 2025, slower than the market in North Macedonia (+12.3%).
Sources for this page
Premium, lines, claims and solvency margin: ISA (Insurance Supervision Agency of North Macedonia), quarterly reports on insurance companies. How these numbers are built.
Spotted a wrong figure? Tell us and include the source.
CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). Sava (North Macedonia): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/mk-sava
BibTeXShow entry
@misc{polisa_insurers_mk_sava_2026,
author = {{Polisa}},
title = {Sava (North Macedonia): premium, market share, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insurers/mk-sava}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: ISA (no re-use terms published), MSE (personal non-commercial use only).