Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q4 2024 Earnings Presentation
17 slides from Bb Seguridade Participacoes Sa's earnings presentation, Feb 18, 2025
Slide 1: BB Seguridade Earnings Presentation 4Q24
BB Seguridade Earnings Presentation 4Q24
Slide 2: Highlights
Net income Managerial Dividends net income¹ R$8.7bn R$8.2bn R$7.1bn +9.5% +5.7% + R$1.2 bn buyback Highlights Premiums written R$17.5bn +2.2% Credit life R$3.6bn +7.9% Credit life for farmers R$3.8bn +21.2% 2024 Rural lien R$2.5bn +28.1% Loss ratio 23.7% -3.1p.p. Pension plans reserves R$428.9bn +9.
Slide 3: Technology, new businesses and digital
Technology, new businesses and digital Distribution investment in IT infrastructure, businesses R$ 538mm cybersecurity, new products and digital solutions R$18.7 bn in insurance premiums intermediated by BB Corretora Auto (R$967 mm) Portfolio management BB’s wholesale (R$153 mm | +59% yoy) Rural ins
Slide 4: Customer at the center
Customer at the center +4.7 pts NPS in the quality zone -15.2 % Reduction of complaints -17.0 % Improvement of churn Overprotected Relationship NPS +12.6% +11.9 pts +1.9 pts Service NPS higher than the average of Number of Overprotected other customers customers *Changes December 2024 vs. December 2
Slide 5: Our numbers
@ BB SEGuROS Pra tudo que importa Our numbers
Slide 6: Adjusted net income and net investment income
Adjustment net income and net investment income¹ Adjusted net income (R$mm) Consolidated net investment income³ (R$mm) 22.0% 21.1% 18.1% 16.5% +6% YoY: +6% 8,154 7,713 1,628 1,346 2,055 2,174 453 393 4Q23 4Q24 2023 2024 4Q23 4Q24 2023 2024 Net investment income % net investment income in the net inc
Slide 7: Adjusted net income main components
Adjusted net income main components (R$mm) Net investment income change Operating result change -R$282 mm +R$723 mm 244 295 150 577 (143) 8,436 57 (7) 8,154 7,713 (401) (333) -R$184 mm (2024) vs. +R$149 mm (2023) +5.7% 7/17 1 –Variação dos sinistros e custo de aquisição retidos, considerando os resp
Slide 8: Brasilseg
Brasilseg Premiums written (R$bn) Premiums written by segment YoY: +6% Breakdown of +2.2% Chg. On 2023 On 4Q23 premiums 2024 17.2 17.5 Rural 51.5% +4.1% +23.0% Credit life 20.8% +7.9% (15.6%) Term life 20.7% (0.7%) +2.3% Corporate¹ 2.5% (40.0%) (47.9%) 4.1 4.3 Home 2.5% +9.7% +6.8% Mortgage +4.9% +6
Slide 9: Brasilprev
Brasilprev Contributions (R$bn) Net inflow (R$bn) Reserves (R$bn) YoY: -4% 11.6% YoY: +9% +3% 10.1% 10.5% 10.4% 57 59 429 406 410 423 392 9 7 14 13 2 -1 4Q23 4Q24 2023 2024 4Q23 4Q24 2023 2024 Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 Net inflow Redemption ratio 1 –Source: Quantum Axis Mgmt. fee (R$mm) Adj
Slide 10: Brasilcap
Brasilcap Collections (R$mm) Reserves (R$mm) YoY: +4% YoY: -3% +4% 6,448 6,717 11,336 11,152 11,165 11,025 11,020 1,732 1,809 4Q23 4Q24 2023 2024 Dec/23 Mar/24 Jun/24 Sep/24 Dec/24 Draws paid (R$mm) Net investment income Net income (R$mm) 3.9 3.5 3.5 3.3 +5% YoY: +29% +0.4% YoY: +1% 268 281 62 63 Yo
Slide 11: BB Corretora
BB Corretora Brokerage revenue (R$mm) Brokerage revenue breakdown Pension Other Other YoY: +8% Pension Premium 0.4% +10% plans Premium 0.4% plans bonds 12.0% bonds 5,506 11.6% 9.3% 5,002 9.6% 2023 2024 1,306 1,404 Insurance Insurance 4Q23 4Q24 2023 2024 78.0% 78.7% Net margin (%) Net income (R$mm) Y
Slide 12: Guidance
& BB SEGuROS Pra tudo que importa Guidance
Slide 13: Guidance 2024
Guidance 2024 10.7% Non-interest operating result (ex- holding)¹ 5% 10% Observed 2024 2.2% Premiums written of Brasilseg 0% 3% Observed 2024 PGBL and VGBL pension plans 9.9% reserves of Brasilprev 8% 12% Observed 2024 1 – Sum of the adjusted non-interest operating results before income taxes of Bras
Slide 14: Guidance 2025
Guidance 2025 Non-interest operating result (ex- holding)¹ 3% 8% Premiums written of Brasilseg 2% 7% PGBL and VGBL pension plans reserves of Brasilprev 12% 16% 1 – Sum of the adjusted non-interest operating results before income taxes of Brasilseg, Brasilprev, Brasilcap, Brasildental and BB Corretor
Slide 15: Contacts
Contacts Investor Relations Rua Alexandre Dumas, 1671 – Térreo – Ala B Chácara Santo Antônio – São Paulo - SP CEP: 04717-903 Telephone: (11) 4297-0730 ri@bbseg.com.br bbseguridaderi.com.br/en
Slide 16: Appendix
@ BB SEGUROS Pra tudo que importa Appendix
Slide 17: Guidance 2025 | Reconciliation of operating result
Guidance 2025 | Reconciliation of operating result Annual Flow Chg. % Annual Flow Chg. % 2024 2024 R$ million On 2023 On 2023 (current) (reclassified) Non-interest operating result 9,879 10.7 9,970 11.8 Brasilseg 3,681 12.0 3,681 12.0 Brasilprev 1,692 8.6 1,783 14.4 Brasilcap (9) - (9) - Brasildenta
BB Seguridade Participações — Q4 2024 Earnings Presentation on 6ix