{"id":835,"date":"2021-03-22T21:00:00","date_gmt":"2021-03-23T00:00:00","guid":{"rendered":"https:\/\/www.irbre.com\/en\/?p=835"},"modified":"2023-05-09T14:08:31","modified_gmt":"2023-05-09T17:08:31","slug":"irb-brasil-re-presents-growth-in-monthly-periodic-report-sent-to-susep","status":"publish","type":"post","link":"https:\/\/www.irbre.com\/en\/irb-brasil-re-presents-growth-in-monthly-periodic-report-sent-to-susep\/","title":{"rendered":"IRB Brasil RE presents growth in monthly periodic report sent to Susep"},"content":{"rendered":"\n<p>IRB Brasil RE informed, on this Monday (March 22<sup>nd<\/sup>), in a statement sent to the market and shareholders, that it made available a monthly periodic report delivered to the Federal Insurance Commissioner (Susep), through the Periodic Information Form (FIP). The presented figures confirm the trend of improving results for this year.<\/p>\n\n\n\n<p>In order to help understanding it, since FIP meets the accountability required by the regulatory entity, the reinsurer made available, on its Investor Relations website (<a href=\"https:\/\/ri.irbre.com\" target=\"_blank\" rel=\"noopener\">https:\/\/ri.irbre.com<\/a>), a spreadsheet with the financial data regarding January 2021, which reconciles such information with the \u201cbusiness view\u201d model already used by the company in its periodic disclosures.<\/p>\n\n\n\n<p>Below &nbsp;are some highlights for January:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Gross revenue (issued premium) <\/strong>of BRL813.6 million, an increase of 29.9% with respect to January 2020, from which BRL463.8 million in Brazil and BRL349.8 million abroad. In Brazil, this represents an increase of 110.7%, with a reduction of 13.9% abroad. The result is aligned with the strategy of focusing on businesses, sectors and markets that can add value.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Period revenue (earned premium)<\/strong> of BRL410.9 million, an increase of 20.9% compared to the earned premium for January 2020.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Loss ratio (claim expenses\/period revenue)<\/strong> of 70.6% in the period, equivalent to a claim expense of BRL290.1 million, a loss ratio already expected by the company.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Earnings before taxes<\/strong> &#8211; profit of BRL30 million, a significant improvement compared to January 2020, which presented a negative result of BRL190.2 million.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net income<\/strong> of BRL17.9 million, compared to a net loss of BRL132 million in January 2020.<\/li>\n<\/ul>\n\n\n\n<p>During this period, there were no one-off events worth mentioning. The results of the continued and\/or discontinued businesses will only be reported quarterly, at the time of disclosing the Quarterly Information (ITRs).<\/p>\n\n\n\n<p>The spreadsheet with more detailed history data can be accessed at <a href=\"https:\/\/ri.irbre.com\/informacoes-financeiras\/planilhas-interativas-dados-historicos\/\" target=\"_blank\" rel=\"noopener\">https:\/\/ri.irbre.com\/informacoes-financeiras\/planilhas-interativas-dados-historicos\/<\/a>.<\/p>\n\n\n\n<p>The complete report presented to Susep, source for all the above data, can be found at <a href=\"http:\/\/www2.susep.gov.br\/menuestatistica\/SES\/principal.aspx\" target=\"_blank\" rel=\"noopener\">http:\/\/www2.susep.gov.br\/menuestatistica\/SES\/principal.aspx<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reinsurer recorded net income of BRL17.9 million, compared to a net loss of BRL132 million in January 2020<\/p>\n","protected":false},"author":20,"featured_media":7087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[65],"tags":[],"class_list":["post-835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-results"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/comments?post=835"}],"version-history":[{"count":0,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media\/7087"}],"wp:attachment":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media?parent=835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/categories?post=835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/tags?post=835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}