Despite declines in January and February, year-to-date revenue totaled R$12.5 billion, an 8.2% increase compared to the same period in 2024. Premium issuance in the month reached R$18 billion
The net profit of insurance companies increased 23.1% in April, compared to the same period last year, totaling R$3.2 billion. So far, this is the largest positive change for a month in 2025, according to the 52nd edition of the IRB+Mercado Report, released today (July 8th) by the IRB+Inteligência platform.
Although the volume recorded in April was below the R$3.8 billion recorded in March, net income in these two months offset the declines recorded in January (-4.1%) and February (-5.9%). As a result, the year-to-date result, from January to April, totaled R$12.5 billion, an increase of 8.2% compared to the same period last year.
According to the IRB+Mercado Report, which considers property, liability, and personal insurance, insurers collected R$18 billion in April, an increase of 9.5% compared to the same month in 2024. From January to April, revenue, or premiums issued, reached R$70.3 billion, an increase of 8.9%. The analysis uses a database updated by Susep, the sector’s regulatory agency, on June 23.
The loss ratio rose 2.5 percentage points (p.p.) in April, year-over-year, reaching 41.5%. Year-to-date, the rate grew 2.1 p.p., closing at 41.6%. The increase was driven primarily by the Corporate Damage and Liability and Automobile segments.
In April, insurers in the country contracted almost R$2.3 billion in reinsurance, a 24.7% increase compared to the fourth month of last year. From January to April, reinsurance transfers totaled R$9.4 billion, a 16.3% increase compared to the first four months of 2024.
Life Leads Premium Issuance
Accounting for the largest share of the insurance sector, Life, which has a 36.1% share, issued premiums of R$6.6 billion in April, up 10.8% compared to the same month in 2024. Loss ratio for the month closed at 27%, a 4.6 percentage point decrease.
The Automobile segment, in turn, earned R$4.8 billion in the fourth month of the year, an increase of 4.3%. Regarding the loss ratio, there was a 0.6 percentage point reduction in April, closing at 58.7%.
Corporate Damage and Liability grew 17.2% in April, collecting R$3.5 billion. The loss ratio for the month closed at 48.1%, up 15.5 p.p..
Individual Damage Insurance grew 10.2% compared to April 2024 and April 2025, with R$1.5 billion in premiums issued. The loss ratio for the segment closed April at 28.5%, a decrease of 3.6 percentage points.
The Rural segment issued a total of R$ 908 million in premiums in the fourth month of the year, an 11% decrease compared to the same period last year. The monthly loss ratio closed at 19.1%, an increase of 1.7 percentage points.
Finally, Credit and Guarantees earned R$654 million in April, an increase of 36.2% compared to a year earlier. This was the largest positive change recorded in April, considering all segments. The loss ratio for the month closed at 67.8%, up 50.8 p.p..
The IRB+Mercado Report, available in full here on the IRB(Re) website, summarizes insurance operations. The Dashboard IRB+Mercado Segurador, which allows dynamic and free consultation of information, is also online.
