{
  "id": 19824521,
  "title": "IRB(Re) 3Q26 slides: tax reform drives loss, solvency hits 333%",
  "url": "https://urgent.news/2026/11/13/irb-re-3q26-slides-tax-reform-drives-loss-solvency-hits-333",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-13T15:29:17.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/irbre-3q26-slides-tax-reform-drives-loss-solvency-hits-333-93CH-5026077"
  },
  "original_language": "en",
  "account": "Resseguros S.A., known as IRB(Re) in Brazil, released its third quarter 2026 financial results on November 13th showing a net loss of R$54 million for the period. While tax reform-related write-offs contributed to the loss, underlying earnings rose 18% year-over-year to R$561 million. IRB(Re)'s shares rose 2.56% in after-hours trading following the announcement. The company's solvency ratio improved significantly to 333%, an 82 percentage point increase from 251% in the prior quarter, exceeding regulatory requirements by R$2 billion. Brazil's recent tax law changes reducing CSLL and eliminating PIS/COFINS taxes on premiums are expected to boost after-tax profitability in 2027. IRB(Re) demonstrated solid core business performance, with comparable net income increasing 18% year-over-year and a 21% return on tangible equity. The company's portfolio shifted toward more profitable property insurance, now representing 61% of retained premiums, while reducing exposure to agricultural insurance. IRB(Re) also upgraded its credit ratings to brAAA from S&P Global and A- (Excellent) from AM Best, reflecting confidence in its financial strength and strategic direction.",
  "summary": null,
  "key_points": [
    "Resseguros S.A. (IRB(Re)) reported a R$54 million net loss in Q3 2026 due to tax reform write-offs.",
    "Solvency ratio improved to 333%, exceeding regulatory requirements by R$2 billion."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}