Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q4 2023 Earnings Presentation
17 slides from Bb Seguridade Participacoes Sa's earnings presentation, Feb 5, 2024
Slide 1: BB Seguridade Earnings presentation 4Q23
BB Seguridade Earnings presentation 4Q23
Slide 2: Highlights
Highlights Insurance (% YTD) R$ 17.2 bn in premiums written ( 9%) Net income Managerial net income¹ 27% loss ratio ( 4.1 p.p.) R$ 7.9bn ( 28.3%) R$ 7.7bn ( 27.6%) Pension plans R$ 392.0 bn in reserves ( 14%) R$ bn R$ bn R$ 8.9 bn in net inflows 7.9 7.7 (+5x 2022) 6.2 6.0 Premium bonds R$ 6.4 bn in c
Slide 3: Technological transformation and solutions
#Confidencial Technological transformation and solutions We invested in technology, channels, portfolio and analytical intelligence that have boosted digital and enabled the potential of new business 15.0% of digital participation on volume of products sold¹ (+1.3 p.p. YoY ) R$ 13.4bn pension plans,
Slide 4: Distribution model diversification
Distribution model diversification Growth of premiums written via partnerships R$ mm +46% Profitability of operations Roughly R$192 mm of contribution to 2,098 BB Seguridade earnings in 2023 563 1,433 393 83 new partnerships in the year 1,536 ✓ partnerships with machinery and agriculture 1,040 input
Slide 5: Customer experience
Customer experience Engagement and satisfaction¹ Relationship program In 2023, Overprotected customers generated revenues Relevant improvement of indicators 19x higher than other customers NPS -18% Engagement +1.2 pts Complaints + 19k +11.5 pts in the last two years, Relevant improvement Overprotect
Slide 6: ESG Performance
#Confidencial ESG Performance Sustainable business and responsible Social projects and Sustainability pacts, principles action investments and certifications R$51.7mm in social investment carried out by companies of the UN Global Compact group (using incentivized Brasilseg Brasilcap Dental Social +2
Slide 7: Our numbers
S , BB SEGUROS Our numbers
Slide 8: Managerial net income evolution
Managerial net income evolution³ Consolidated net investment income² (R$ mm) R$ mm 25.3 22.4 22.0 21.1 18.0 +14% +28% 1,628 7,713 7,698 6,048 6,045 1,088 2,057 2,055 1,807 2,032 457 461 453 1,911 1,687 120 146 23 (3) 15 4Q22 3Q23 4Q23 2022 2023 4Q22 3Q23 4Q23 2022 2023 Net income IGP-M lag Normalize
Slide 9: Net income main components
Net income main components (R$ mm) Net investment income change Operating result change +R$541 mm +R$1.1 bn +R$149 mm (2023) vs. -R$122 mm (2022) +27.6% 1 –Change in retained claims considering the loss ratio reported in 2022. 9
Slide 10: Brasilseg
Brasilseg Premiums written (R$ bn) Premiums written by growth QoQ: -25% +9% YoY: -1% 17.2 Breakdown of 15.8 Chg. On 2022 Chg. On 4Q22 premiums 2023 Rural 50.5% 7.2% (2.1%) Term life 21.3% (0.2%) (2.1%) Credit life 19.7% 23.6% 0.7% Commercial 5.4 4.2% 23.3% (3.1%) 4.1 4.1 lines Home 2.3% 4.4% 1.7% Mo
Slide 11: Brasilprev
Brasilprev Contributions (R$ bn) Net inflows (R$ bn) Reserves (R$ bn) QoQ: -17% QoQ: +3% YoY: +6% YoY: +14% +8% 11.5% 11.6% 57 10.1% 10.5% 27.3% 25.7% 9.5% 24.5% 23.2% 22.0% 53 +424% QoQ: -69% 9 379 392 YoY: +137% 344 355 366 5 16 13 14 2 2 1 4Q22 3Q23 4Q23 2022 2023 4Q22 3Q23 4Q23 2022 2023 Dec/22
Slide 12: Brasilcap
Brasilcap Collections (R$ mm) Reserves (R$ mm) QoQ: +5% QoQ: +2% +8% YoY: -1% 6,448 YoY: +18% 5,949 11,092 11,336 10,667 9,608 9,946 1,743 1,648 1,732 4Q22 3Q23 4Q23 2022 2023 Dec/22 Mar/23 Jun/23 Sep/23 Dec/23 Draws paid (R$ mm) Net investment income Net income (R$ mm) +10% +23% 3.6 4.3 3.9 3.1 3.5
Slide 13: BB Corretora
BB Corretora Brokerage revenue (R$ mm) Brokerage revenue breakdown QoQ: +1% Other Other +8% Premium 0.3% Premium 0.4% YoY: +2% 5,002 Pension plans bonds Pension plans bonds 11.8% 9.9% 12.0% 9.6% 4,613 2022 2023 1,283 1,295 1,306 Insurance Insurance 4Q22 3Q23 4Q23 2022 2023 77.9% 78.0% Net margin (%)
Slide 14: Guidance
S , BB SEGUROS Guidance
Slide 15: Guidance 2023
Guidance 2023 Non-interest operating result (ex- 17.6% holding)¹ 12% Observed 2023 17% Premiums written of Brasilseg 8.9% 10% Observed 2023 15% PGBL and VGBL pension plans 14.9% reserves of Brasilprev 10% 14% Observed 2023 1 – Sum of the adjusted non-interest operating results before income taxes of
Slide 16: Guidance 2024
Guidance 2024 Non-interest operating result (ex- holding)¹ 5% 10% Premiums written of Brasilseg 8% 13% PGBL and VGBL pension plans reserves of Brasilprev 8% 12% 1 – Somatório do resultado operacional não decorrente de juros das investidas Brasilseg, Brasilprev, Brasilcap, Brasildental e BB Corretora
Slide 17: 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 — Q4 2023 Earnings Presentation on 6ix