IRB Brasil Resseguros SA operates in the Life insurance sector.
In addition to historical fundamental analyses, the complete report available to purchase compares IRB Brasil Resseguros SA with three other
insurance companies in Latin America:
BB Seguridade Participacoes SA
(2020
sales of 5.24 billion Brazilian Reals [US$981.47 million]
of which 109%
was Insurance),
Bicecorp SA
of CHILE
(1.05 trillion Chilean Pesos [US$1.34 billion]
of which 57%
was Life Insurance), and
Grupo Profuturo S.A.B. DE C.V.
which is
based in MEXICO
(19.23 billion Mexican Pesos [US$956.72 million]
of which 66%
was Pension Insurance).
Sales Analysis.
During the second
quarter of 2021, sales at IRB Brasil Resseguros SA totalled
1.99 billion Brazilian Reals.
This is a drop of 11.8%
from the 2.26 billion Brazilian Reals in sales at the company during the second quarter in 2020.
During the first two
quarters of 2021, sales totalled 3.98 billion Brazilian Reals, which is
5.4% lower
than through the first two quarters of 2020.
There appears to be at least some degree of seasonality in the sales at IRB Brasil Resseguros SA: during 4 of the previous 5
years, sales were highest during the third quarter.
The exception to this was during 2018, when the
second quarter was the best quarter, accounting for
29% of sales (during that same year, the
third quarter accounted for 27% of sales).
IRB Brasil Resseguros SA reported sales of 8.63 billion Brazilian Reals (US$1.62 billion)
for the
year ending
December of 2020.
This
represents
an
increase of 12.1%
versus 2019, when the company's sales were 7.70 billion Brazilian Reals.