BB Seguridade presented solid results in the third quarter of 2023 in its various segments.
In the insurance sector, the company recorded R$13.1 billion in premiums, with a loss ratio of 28%. In social security , contributions reached R$43.5 billion, and net inflow surprised with R$7.3 billion, seven times higher than the same period of the previous year. In the capitalization segment, revenue reached R$4.7 billion, with reserves of R$11.1 billion. Furthermore, brokerage revenue grew 11%. The company reaffirms its commitment to quality and innovation, consolidating its position as one of the main players in the insurance and pension market in Brazil.
I closely follow the activity of insurance companies , especially due to the fact that it is one of the only industries that have the benefit of debt and need professionals in the area I work in.
The characteristic of BB Seguridade is a company with constant growth in terms of profit , and I estimate that the company's growth is close to the rate of 8% per year, which represents a replacement above the historical inflation average .
Will growth continue in the short term for BB Seguridade?
No, with the low interest rate scenario ahead , the gains arising from the debt benefit tend to decrease.
However, the company stands out in the agricultural area, with technical teams that go on-site, and with agencies very close to farmers. A generational partnership ends up being a reason for strong customer anchoring.