BB Seguridade cuts 2026 Brasilseg written premiums outlook to 11%-15% decline
Bitget2026/11/03 22:13- BB Seguridade on November 3, 2026, cut Brasilseg’s annual written-premium outlook to a 15%-11% decline from a 3% decline to 2% growth.
- Written premiums fell 9.2% in the first nine months, hurt by rural, credit life and term life insurance.
- Non-interest operating result guidance, excluding holdings, remained at a 7%-3% decline, versus a nine-month decline of 1.2%.
- Better-than-expected insurance loss ratios and higher pension management-fee revenue supported operating performance.
- Brasilprev’s PGBL and VGBL reserve growth outlook stayed at 8%-11%; nine-month growth reached 12.6%, reflecting stronger-than-expected net inflows and reserve returns.
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