IRB (Re) recorded a net profit of R$35.7 million in August, R$39.2 million in July and R$29 million a year earlier, according to data published by the reinsurer on its website.
The underwriting result amounted to R$60.2 million, compared to R$44.2 million in the previous month and R$41.6 million in August 2024.
Premiums issued amount to R$354.4 million, from R$1.22 billion in July and R$299 million in the previous year, while premiums retained amount to R$269.1 million, from R$445.4 million in the previous month and R$219.8 million in August 2024.
The injury rate was 55.8% in August, 58.1% in July and 65.7% a year earlier.
According to the Genial Investimentos team, IRB (Re) presented a solid monthly performance, with premium growth and operational improvement.
“The strong reduction in injuries has led the company to present a combined ratio of less than 100%, which represents an improvement compared to previous periods,” he added in a report to clients.
On the Sao Paulo Stock Exchange, around 11.40 am, the company’s shares had fallen by 0.06%, to R$46.44, after having already fluctuated between a low of R$45.86 and a high of R$46.82. Ibovespa gained 0.25%.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
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