The net profit of insurance companies dropped 13.7% in April, compared to the same period last year, totaling R$2.6 billion. This is shown in the 42nd edition of the IRB+Mercado Report, as released today (July 11th) by the IRB+Intelig\u00eancia platform. In the year to date, however, the figures show growth of 5.1% compared to a year earlier, reaching R$11.5 billion. The analysis takes into account the database updated by Susep, the industry regulator, on July 1st.<\/p>\n
According to the IRB+Mercado Report, which covers damage, liability and personal insurance, insurers collected R$16.4 billion in April, up 20.3% on the same month in 2023. From January to April, the total turnover, i.e. premiums issued, reached R$64.6 billion, an increase of 12.1%.<\/p>\n
The loss ratio decreased by 4.1 percentage points (p.p.) in April, year-on-year, to 38.9%. In the year to date, the drop reached 6.5 p.p., closing at 39.5%. It is worth noting that the impacts caused by the floods in Rio Grande do Sul will be verified in the numbers reported by the market to Susep in the coming months.<\/p>\n
Brazil’s insurers contracted almost R$1.9 billion in reinsurance in April, an increase of 7.5% compared to the fourth month of last year. From January to April, reinsurance transfers totaled R$8.1 billion, a positive variation of 6.2%.<\/p>\n
The Individual Against Damage segment registered the highest increase in April<\/strong> Damages and Liabilities ended April with R$3 billion in revenues, an increase of 15.9%. The loss ratio, however, stood at 31.1% (-11.6 p.p.), the lowest since 2014. Individual Against Damages registered the greatest variation in April, advancing 30.9%, with a revenue of R$1.3 billion. Comprehensive Home insurance contributed to the rise, in addition to other products that recorded a large positive variation, such as Tenancy Insurance (47.1%) and Comprehensive Homeowners Insurance (44.2%). The segment’s loss ratio closed April at 32.1%, an increase of 2.6 p.p..<\/p>\n The Rural segment issued a total of R$1 billion in premiums in the fourth month, an increase of 25.6% compared to the same period last year. The loss ratio was 38.8%, the lowest for the period since 2014. Lastly, Credit and Collateral had revenues of R$480 million in April, down 7.7%, mainly due to the Credit business line (-58.5%). The loss ratio closed by 17% in April.<\/p>\n The IRB+Mercado Report, available in full here on the IRB(Re) website, summarizes insurance operations. The IRB+Mercado Segurador Dashboard, which allows dynamic and free consultation of information from the entire sector, is also online.<\/p>\n","protected":false},"excerpt":{"rendered":" The net profit of insurance companies dropped 13.7% in April, compared to the same period last year, totaling R$2.6 billion. This is shown in the 42nd edition of the IRB+Mercado Report, as released today (July 11th) by the IRB+Intelig\u00eancia platform. In the year to date, however, the figures show growth of 5.1% compared to a […]<\/p>\n","protected":false},"author":5,"featured_media":6921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-9200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/9200","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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/comments?post=9200"}],"version-history":[{"count":1,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/9200\/revisions"}],"predecessor-version":[{"id":9201,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/9200\/revisions\/9201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media\/6921"}],"wp:attachment":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media?parent=9200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/categories?post=9200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/tags?post=9200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAccounting for the largest share of the insurance sector, Life, which has a 35.8% share, issued premiums of R$6 billion in April, up 29.5% compared to the same month in 2023. The loss ratio for the month closed at 31.6%, up 3.6 p.p.. The Automobile segment, in turn, earned R$4.6 billion in the fourth month of the year, an increase of 12.5%. The loss ratio for the period stood at 59.3%, an increase of 3.9 p.p..<\/p>\n