Bb Seguridade Participacoes Sa · BMFBOVESPA:BBSE3
Bb Seguridade Participacoes Sa — Q1 2024 Earnings Presentation
13 slides from Bb Seguridade Participacoes Sa's earnings presentation, May 6, 2024
Slide 1: BB Seguridade Earnings presentation 1Q24
BB Seguridade Earnings presentation 1Q24
Slide 2: Highlights
Highlights (Var. % YoY) Net income Managerial net income¹ R$4.3 bn in premiums written ( 15%) R$ 2.0bn ( 10.4%) R$ 1.8bn ( 4.7%) Insurance 26% loss ratio ( 2.8 p.p.) R$ mm R$ mm R$405.9 bn in reserves ( 14%) 2,023 R$5.6 bn in net inflows Pension 1,833 1,844 plans (+2x higher 1Q23) 1,761 R$ 1.7 bn in
Slide 3: Strategic execution
Strategic execution Modern and innovative portfolio Expansion of business models Customer experience Rural lien insurance: +R$200 mm Premiums written via partnerships: NPS expanded coverage for cattle R$470 mm (+13% on 1Q23) maintenance in the quality zone (+0.5 pt on Premiums written of lar
Slide 4: Our numbers
Rd S , BB SEGUROS Our numbers
Slide 5: Managerial net income and net investment income
Managerial net income and net investment income¹ Managerial net income (R$mm) Net investment income³ (R$mm) 19.2% 12.0% 1,918 1,786 1,844 1,761 338 221 IGP-M lag (26) (74) 1Q23 1Q24 1Q23 1Q24 Net investment income Net income % net investment income in the net income Normalized net income² 1 – Does n
Slide 6: Net income main components
Net income main components (R$mm) Net investment income change Operating result change -R$117 mm +R$200 mm -R$71 mm (1Q24) vs. -R$10 mm (1Q23) +4.7% 6/13 6/15 1 –Change in retained claims considering the loss ratio reported in 1Q23.
Slide 7: Brasilseg
Brasilseg Premiums Written (R$bn) Premiums Written by Growth YoY: +15% 4.3 Breakdown of Chg. On 1Q23 premiums 1Q24 3.7 Rural 46.0% +12.1% Credit life 24.0% +35.2% Term life 20.3% +2.7% Corporate 5.1% +26.9% Home 2.6% +16.6% Mortgage life 1.9% +3.9% 1Q23 1Q24 Performance Ratios (%) Net Investment Inc
Slide 8: Brasilprev
Brasilprev Contributions (R$bn) Net Inflow (R$bn) Reserves (R$bn) YoY: +13% 17 11.9% YoY: +14% 15 8.6% YoY: +189% 5.6 392 406 366 379 355 1.9 1Q23 1Q24 1Q23 1Q24 Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 Net inflow Redemption ratio 1 –Fonte: Quantum Axis Mgmt. Fee (R$mm) Net Income (R$mm) YoY: +6% 0.96% 0.
Slide 9: Brasilcap
Brasilcap Collections (R$mm) Reserves (R$mm) QoQ: -2% YoY: +16% YoY: +12% 1,664 1,429 11,092 11,336 11,152 10,667 9,946 Mar/23 Jun/23 Sep/23 Dec/23 Mar/24 1Q23 1Q24 Draws Paid (R$mm) Net Investment Income Net Income (R$mm) 3.7 4.3 YoY: -25% YoY: +13% 71 126 63 17 YoY: +33% 13 95 1Q23 1Q24 1Q23 1Q24
Slide 10: BB Corretora
BB Corretora Brokerage Revenue (R$mm) Brokerage Revenue Breakdown Other Other YoY: +12% 0.3% Premium 0.4% Premium bonds 1,346 Pension plans 10.0% Pension plans bonds 1,207 12.7% 8.5% 13.9% 1Q23 1Q24 Insurance Insurance 78.5% 75.7% 1Q23 1Q24 Net Margin (%) Net Income (R$mm) YoY: +12% 793 YoY: +0.3 p.
Slide 11: Guidance
S , BB SEGUROS Guidance
Slide 12: Guidance 2024
Guidance 2024 Non-interest operating result (ex- 10.9% holding)¹ 5% 10% Observed 1Q24 Premiums written of Brasilseg 15.3% 8% 13% Observed 1Q24 PGBL and VGBL pension plans 15.2% reserves of Brasilprev 8% 12% Observed 1Q24 1 – Sum of the adjusted non-interest operating results before income taxes of B
Slide 13: 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 — Q1 2024 Earnings Presentation on 6ix