Brazil Insurer Posts Record US$215M Profit
Caixa Seguridade, insurance arm of a Brazilian state bank, booked a record third-quarter profit of about US$215 million and approved US$196 million in payouts. The post Brazil Insurer Posts Record US$215M Profit appeared first on The Rio Times .
Brazil's largest insurer, Caixa Seguridade, reported its highest quarterly profit ever, US$215 million, as of November 10, 2026. Adjusted managerial profit increased 3.7% year-over-year, to R$1,182.5 million. The insurer's revenue grew 1.5% to R$1,532.1 million, while returns on equity stood at 69.6%, slightly higher than a year prior.
The company paid out 91.3% of its profit as dividends, totaling R$1.08 billion. Home-loan insurance (habitacional) saw a 15.3% increase in premiums, while credit-life insurance (prestamista) fell 40.0%. The insurer attributes poor performance in credit-life insurance to high interest rates, a September work stoppage, and a product suspension.
Total premiums issued declined 1.7%, to R$2,484.1 million. Pension reserves grew by 15.8% to R$222.3 billion. Caixa Econômica Federal, a state-owned bank, owns 80% of the insurer, while the remaining 20% trades on the B3 exchange.
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