Sava pokojninska družba, d.d

What Sava pokojninska družba, d.d does

Sava pokojninska družba, d.d. is a Slovenian specialized pension insurance company (specializirana zavarovalna družba) headquartered in Maribor, founded in 2000, and wholly owned by Sava Re, d.d., the parent of Zavarovalna skupina Sava. It is authorized under Slovenian pension and insurance law (ZPIZ-2) and supervised by the Insurance Supervision Agency (AZN). The company operates exclusively within Slovenia's mandatory-state-pension complement market (the second pension pillar), serving individual voluntary savers and employer-sponsored collective schemes. Its registered share capital is EUR 6,301,108.96, and it employs six people.

The core offering is a unified supplemental pension insurance platform built around three life-cycle segregated cover funds (kritni skladi): Moj dinamični sklad (equity-tilted dynamic fund for younger savers), Moj uravnoteženi sklad (balanced fund for mid-career savers), and Moj zajamčeni sklad (guaranteed-return fund for savers approaching retirement). Saver assets are legally segregated from the company's balance sheet and allocated automatically across these funds as policyholders age. Annualized 2025 fund returns were 7.5%, 4.2%, and 1.9% respectively, with total fund operating costs of 1.09%-1.11% of average NAV. The platform is supported by a digital self-service portal (SavaNet), interactive tax-relief and pension projection calculators, and the Seznam FIX desktop software provided to employers for contribution management. At retirement, accumulated balances convert to lifetime, compound (with 5-year guaranteed periods), or accelerated withdrawal annuities.

The business model combines recurring premium inflows from individuals and employers with a 0.9% annual management fee on fund assets, plus entry fees of up to 3% on dynamic/balanced fund contributions (1.9% on guaranteed) and miscellaneous administrative fees (e.g., EUR 10 for duplicate certificates, EUR 15 transfer fees). Go-to-market is hybrid: a sales-led B2B2C motion for employer collective agreements (with documentation and Seznam FIX support) paired with a direct-to-consumer channel via the website, toll-free call center (080 29 29), and SavaNet portal. Customer scale is 35,000 active savers plus 3,000 annuity recipients. The value proposition is anchored on Slovenia's structural pension gap—the average state pension equals 57% of the average net salary (ZPIZ, December 2025)—with contributions eligible for tax relief up to EUR 3,224.18 annually and employer premiums exempt from payroll taxes and income tax on the employee side.

Name

Sava pokojninska družba, d.d

Legal name

Sava pokojninska družba, d. d.

Website

https://sava-pokojninska.si

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Sava pokojninska družba, d.d. is a Slovenia-only specialized pension insurance company operating the second pillar, serving 35,000 individual savers and 3,000 annuity recipients via three life-cycle investment funds and employer collective agreements.

Ownership category

akta.pro rank

Product category

Supplemental Pension Insurance

NAICS

Pension Funds (52511), Direct Life, Health, and Medical Insurance Carriers (52411), Portfolio Management and Investment Advice (523940)

SIC

Life Insurance (6311), Investment Advice (6282)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industries

Retirement Plan Participant Advice & Managed Accounts (FSAEABAF), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Retirement & Pension Planning (401(k)/IRA) (FSAEAAAD)

Keywords

• Supplemental pension insurance
• Voluntary pension savings
• Pension fund management
• Life-cycle investing
• Annuity payments

Headquarters

HQ city

Maribor

HQ country

Slovenia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pension Insurance Premiums: The company collects pension insurance premiums from policyholders (individuals paying from net salary) and employers (paying for employees under collective agreements). Premiums are allocated to individual savings accounts within the pension funds.
2. Fund Management Fees: Sava pokojninska earns a management fee of 0.9% annually from the pension fund assets, as well as custody bank fees and actual costs related to fund management. Total operating costs of the funds (2025) ranged from 1.09% to 1.11% of average annual net asset value.
3. Additional Services: Fees charged for additional services such as issuance of duplicate certificates (10 EUR), and entry/exit fees on premiums and savings balances.
4. Annuity (Renta) Payments: Upon retirement, accumulated savings are converted into supplemental pension annuities (dodatna pokojninska renta), which are paid out to retirees. These represent outflows from the fund rather than revenue to the company, but the spread between fund returns and guaranteed returns contributes to company earnings.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Sava pokojninska družba, d.d. is a Slovenian specialized insurance company (specializirana zavarovalna družba) that provides voluntary supplementary pension insurance (dodatno pokojninsko zavarovanje). It operates three pension funds — a dynamic, balanced, and guaranteed fund — applying a life-cycle investment approach, and serves approximately 35,000 individual policyholders and 3,000 annuity recipients.

Product overview

Sava pokojninska offers a unified supplementary pension insurance platform (second pension pillar) comprising three life-cycle investment funds (Moj dinamični sklad, Moj uravnoteženi sklad, and Moj zajamčeni sklad) that automatically adjust risk allocation as policyholders approach retirement. The core offering is delivered as individual or collective insurance schemes, supported by the SavaNet customer portal, information calculation tools, and the Seznam FIX employer software. Upon retirement, accumulated savings are converted to various pension annuity products (lifetime annuities, compound annuities, accelerated withdrawals).

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Voluntary Supplementary Pension Insurance Voluntary supplementary pension insurance policy taken out by individuals to build a private pension supplement on top of the mandatory state pension, with tax-deductible contributions.
• Collective (Employer-Sponsored) Supplementary Pension Insurance Group supplementary pension insurance concluded by employers for their employees, enabling company-sponsored retirement savings as part of employee benefits packages.
• Dynamic Pension Fund Higher-risk pension fund with a growth-oriented equity allocation, intended for policyholders with a longer investment horizon.
• Balanced Pension Fund Medium-risk pension fund combining equity and fixed-income investments, designed for policyholders approaching the middle of their working life.
• Guaranteed Pension Fund Lower-risk pension fund focused on capital preservation and a guaranteed minimum return, suited to policyholders close to retirement.
• Annuity Payments (Pension Payouts) Periodic supplementary pension payments disbursed to retired policyholders from their accumulated pension savings.

Quantifiable outcome

• 57% of average pension relative to average net salary (December 2025, ZPIZ)
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• OTP Banka, d.d.minorOthersOTP Banka, d.d. serves as the custodian bank for Sava pokojninska's transaction accounts. Premium payments are made to OTP Banka accounts (SI56 0451 5000 0128 257 for general payments, SI56 0400 0027 7241 461 for premium payments/ savings).
• Insurance Agents and Brokers (pooblaščeni prodajalci)minorChannel Partner/ Reseller/ DistributorAuthorized insurance sellers including insurance companies, insurance agency firms, insurance brokers, and banks that resell or distribute Sava pokojninska's supplemental pension insurance products as contractual processors under data processing agreements.
• Agencija za zavarovalni nadzor (Insurance Supervision Agency)coreOthersThe Insurance Supervision Agency (AZN) is the regulatory body overseeing Sava pokojninska's operations and compliance with Slovenian pension and insurance law.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Others

• AZN - Agencija za zavarovalni nadzor (Insurance Supervision Agency): AZN is the Slovenian regulator overseeing Sava pokojninska's compliance with insurance and pension law. Listed as a peer for completeness because regulatory parameters set by AZN shape the entire competitive landscape for Slovenian pension insurers.
• OTP Banka, d.d. (Slovenia): OTP Banka Slovenia is the custodian bank for Sava pokojninska's pension fund premium payments (transaction accounts). While not a competing pension provider, it is a key operational counterparty in the settlement architecture of the pension fund system.

Broad incumbents

• Generali zavarovalnica, d.d. (Slovenia): Generali is a large Slovenian life insurer (part of Generali Group) that distributes voluntary pension insurance and unit-linked savings to individuals and employers. It is comparable because it overlaps in offering supplemental retirement products, but offers a much broader insurance portfolio rather than specializing in pension insurance.
• NLB Skladi (asset management arm of NLB Group): NLB Skladi is Slovenia's largest asset manager, offering voluntary mutual-fund-based retirement savings that compete for similar shrunken-share-of-wallet versus second-pillar pensions. Relevant as a competing retirement-savings vehicle in the same Slovenian market.
• NN zavarovalnica, d.d. (NN Group, Slovenia): NN Group operates life insurance and retirement/pension savings products in Slovenia through its subsidiary, competing for the same individual supplemental-savings wallet. Comparable to Sava pokojninska in product category but with a broader European insurance portfolio.
• Vienna Insurance Group / Wiener Städtische (VIG) pensions via Slovenia subsidiary: Vienna Insurance Group is an Austrian-CEE insurance conglomerate offering life and pension products in Slovenia through its local carrier. Comparable as a regional incumbent offering overlapping retirement/pension products within Slovenia.
• Allianz Slovenia (part of Allianz Group): Allianz operates life and pension insurance in Slovenia through its local subsidiary, offering retirement savings products to individuals and via employer channels. Comparable in product offering but as part of a global financial-services group rather than a Slovenia-only specialized player.
• Erste pokojninska družba (within Erste Group, Slovenia): Erste Group's Slovenian pension subsidiary offers voluntary pension products and uses the bank's captive retail channels. Comparable to Sava pokojninska through the supplemental pension product overlap, although it is embedded in a broader banking group.

Direct peers

• Triglav, pokojninska družba (within Triglav Group): Triglav is Slovenia's largest insurance group and operates a pension insurance arm offering the same second-pillar supplemental pension products. Like Sava pokojninska, Triglav serves Slovenian individuals and employers, with substantially wider distribution reach through the parent group.
• Modra zavarovalnica, d.d. Modra zavarovalnica is the largest specialized Slovenian pension insurance company (PDA - pokojninska družba) offering supplemental pension insurance across all three pillars, with a much larger policyholder base than Sava pokojninska. It is the closest direct peer - both companies operate the same Slovenian second-pillar model with segregated pension funds and individual accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sava-pokojninska-druzba

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sava pokojninska družba, d.d