BB Seguridade (BBSE3) announces Jan/23 performance

BB Seguridade (BBSE3) announces Jan/23 performance

Posted at 11:17 am

BB Seguridade Participações (BBSE3) released on Monday, the sixth, the performance on the revenues of its invested companies in January this year.

According to the company, life insurance premiums issued grew by 9.6% compared to January / January 22, while credit life increased by 116% in comparison.

The company explained that “the performance is explained both by the development of sales and the improvement in the level of cancellations.”

Written premiums in the rural sector increased by 39.5% in January, with increases in products: rural pledges (+63.5%); agricultural (+ 38.2%); and rural product life (+26.5%).

In the retirement plan segment, in January, the volume of contributions was 31.7% higher than in the same month in 2022, with an increase in the number of plans and a higher average ticket for sporadic contributions. The average daily contribution per month was R$254.9 million, the highest level since December 2016.

In the capitalization segment, collection volume in January 2023 grew by 32% compared to January 2022, a performance attributable to an expansion in the number of bonds sold, both at once and monthly, an effect partially offset by a decline in the average ticket. bonds.

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