Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q3 2023 Earnings Presentation
18 slides from Bb Seguridade Participacoes Sa's earnings presentation, Nov 6, 2023
Slide 1: BB Seguridade Earnings presentation 3Q23
BB Seguridade Earnings presentation 3Q23
Slide 2: Highlights
Highlights (% YTD) Net income Insurance Pension plans R$ 5,849 mm ( 32%) R$ 13.1 bn in premiums ( 12%) R$ 43.5 bn in contributions ( 9%) R$ 7.3 bn in net inflows 28% loss ratio ( 4.7 p.p.) R$ bn (+7x higher than 9M22) 5.8 4.4 Premium bonds Brokerage R$4.7 bn in collection ( 12%) R$ 3.7 bn in brokera
Slide 3: We promote digital with analytical intelligence
We promote digital with analytical intelligence Enabled by the investment of R$393 mm in technology (+10.5% on 9M22) 15% of digital participation in the quantity of Digital channels New transactions, R$ 9.9 billion consulting and post-sales (9M23) products sold (+1.2 p.p. YoY) of the main insurance
Slide 4: Business diversification
Business diversification We expanded our portfolio of products and solutions Credit life insurance Pension plans Market Market leadership Rural insurance leadership Business insurance Premium bonds Market Focus on digital Market leadership Increased penetration in leadership New portfolio laun
Slide 5: Distribution model diversification
Distribution model diversification Growth of premiums written via partnerships R$ mm +55% 1,715 Profitability of operations 405 Roughly R$144 mm of contribution to BB Seguridade earnings in 9M23 1,107 294 1,310 12 new partners in the quarter 813 Partnerships with machinery and agriculture inputs sel
Slide 6: Customer experience
Customer experience Customer base increase with quality¹ Customer base Engagement and satisfaction Expansion in important lines Relevant improvement of indicators + 7.7% NPS Evolution in the main business lines Complaints Relevant improvement Churn Term life insurance premium bonds 3Q22 x 3Q23 -24%
Slide 7: Customer experience: response to calamities
Customer experience Response to calamities Customer Assistance service Flexible assistance 24-hours dedicated channel for priority service BB Seguros customers¹ (3x the contractual limit for emergency services, coverage 22,050 customers served impacted by the disaster in São Paulo coast and by beyon
Slide 8: Relationship program
Relationship program Segmentation by level of protection +400k accesses until October Launch activities Launching to all customers 209 Evolution of Overprotected NPS 131 71 Aug/23 Sep/23 Oct/23 +9.0 p.p in thousand in 2023 +6.0 p.p vs. Protected customers 3% buy a product on the same day of access M
Slide 9: Our numbers
S , BB SEGUROS Our numbers
Slide 10: Managerial net income evolution
Managerial net income evolution³ Consolidated net investment income² (R$ mm) R$ mm 22.4 20.4 20.8 14.1 14.9 +24% +34% 1,175 5,666 5,658 4,361 4,238 631 2,057 460 1,969 1,911 1,753 376 1,841 1,652 232 (101) (128) 146 (123) (8) 3Q22 2Q23 3Q23 9M22 9M23 3Q22 2Q23 3Q23 9M22 9M23 Net income IGP-M lag Nor
Slide 11: Net income main components
Net income main components (R$ mm) Net investment income change Operating result change +R$544 mm +R$877 mm +R$83 mm (9M23) vs. -R$48 mm (9M22) +33.5% 1 –Change in retained claims considering the loss ratio reported in 9M22 11
Slide 12: Brasilseg
Brasilseg Premiums written (R$ bn) Premiums written by growth QoQ: +38% +12% Chg. On 3Q22 On 9M22 YoY: +8% 13.1 11.6 Rural 9.1% 10.1% Term life (1.8%) 0.5% Credit life 15.4% 34.6% 5.0 5.4 Commercial 15.3% 35.0% 3.9 lines Home 5.8% 5.3% Mortgage life 6.7% 6.6% 3Q22 2Q23 3Q23 9M22 9M23 Performance rat
Slide 13: Brasilprev
Brasilprev Contributions (R$ bn) Net inflows (R$ bn) Reserves (R$ bn) QoQ: +34% QoQ: +4% YoY: +9% YoY: +13% +9% 11.9% 11.6% 10.8% 10.7% 28.2% 27.3% 25.7% 24.5% 44 9.5% 23.2% 40 7 366 379 336 344 355 5 15 16 12 2 1 0.3 3Q22 2Q23 3Q23 9M22 9M23 3Q22 2Q23 3Q23 9M22 9M23 Sep/22 Dec/22 Mar/23 Jun/23 Sep/
Slide 14: Brasilcap
Brasilcap Collections (R$ mm) Collections breakdown QoQ: +1% +12% Monthly Monthly YoY: +2% 4,716 payment payment 4,206 37.1% 34.8% 9M22 9M23 1,615 1,639 1,648 Unique payment Unique payment 62.9% 65.2% 3Q22 2Q23 3Q23 9M22 9M23 Net investment income Net income (R$ mm) 2.7 4.2 4.3 3.3 3.7 QoQ: +15% YoY
Slide 15: BB Corretora
BB Corretora Brokerage revenue (R$ mm) Brokerage revenue breakdown QoQ: +9% Other Other YoY: +3% +11% 0.3% Premium 0.4% Premium Pension plans bonds Pension plans bonds 3,696 13.1% 9.6% 12.4% 9.3% 3,331 9M22 9M23 1,252 1,193 1,295 Insurance Insurance 3Q22 2Q23 3Q23 9M22 9M23 77.0% 78.0% Net margin (%
Slide 16: Guidance
S , BB SEGUROS Guidance
Slide 17: Guidance 2023
Guidance 2023 Non-interest operating result (ex- 19.2% holding)¹ 12% Observed 9M23 17% Premiums written of Brasilseg 12.4% 10% Observed 9M23 15% PGBL and VGBL pension plans 13.7% reserves of Brasilprev 10% 14% Observed 9M23 1 – Sum of the adjusted non-interest operating results before income taxes o
Slide 18: Contacts
Contacts Investor Relations Rua Alexandre Dumas, 1671 – Térreo – Ala B Chácara Santo Antônio – São Paulo - SP CEP: 04717-903 Telephone: +55 11 4297-0730 ri@bbseg.com.br bbseguridaderi.com.br/en
BB Seguridade Participações — Q3 2023 Earnings Presentation on 6ix