February 10, 2020 / 10:41 AM / 17 days ago

Brazil's BB Seguridade reports 35% rise in Q4 adjusted net income

SAO PAULO, Feb 10 (Reuters) - Brazilian insurance company BB Seguridade SA reported on Monday an almost 35% jump in its fourth-quarter adjusted net income compared with the same period a year ago, with stronger financial results helping the company exceed forecasts for 2019.

In a securities filing, BB Seguridade said its quarterly recurring net profit, which excludes one-off items such as proceeds from the sale of its stake in reinsurer IRB Brasil RE, came at 1.133 billion reais ($262.24 million).

For 2020, the company added it expects a growth between 7% to 13% in operating result before taxes of its investees (ex-holdings). ($1 = 4.3205 reais) (Reporting by Gabriela Mello, editing by Louise Heavens)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below