BB Seguridade Participacoes SA operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares BB Seguridade Participacoes SA with three other
insurance companies in Latin America:
Bicecorp SA
of CHILE
(2020
sales of 1.05 trillion Chilean Pesos [US$1.34 billion]
of which 57%
was Life Insurance),
Grupo Profuturo S.A.B. DE C.V.
of MEXICO
(19.23 billion Mexican Pesos [US$960.76 million]
of which 66%
was Pension Insurance), and
IRB Brasil Resseguros SA
(8.63 billion Brazilian Reals [US$1.63 billion]
).
Sales Analysis.
During the second
quarter of 2021, sales at BB Seguridade Participacoes SA totalled
1.10 billion Brazilian Reals.
This is a drop of 14.3%
from the 1.29 billion Brazilian Reals in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled 2.41 billion Brazilian Reals, which is
3.6% lower
than through the first two quarters of 2020.
BB Seguridade Participacoes SA reported sales of 5.24 billion Brazilian Reals (US$991.28 million)
for the
year ending
December of 2020.
This
represents
a
decrease of 8.1%
versus 2019, when the company's sales were 5.70 billion Brazilian Reals.
The sales level in 2020 was fairly close to the level five years ago: in 2015, BB Seguridade Participacoes SA had sales
of 5.55 billion Brazilian Reals.
Contributing to the drop in overall sales was the 35.7% decline
in Insurance, from 8.91 billion Brazilian Reals to 5.73 billion Brazilian Reals.
.
However, these declines were partially offset by the increase in sales of
Brokerage (up 6.7% to 3.06 billion Brazilian Reals)
.