{"id":4255,"date":"2025-05-13T13:30:22","date_gmt":"2025-05-13T13:30:22","guid":{"rendered":"http:\/\/calebdewey.com\/?p=4255"},"modified":"2025-05-13T15:01:25","modified_gmt":"2025-05-13T15:01:25","slug":"irb-re-net-income-increases-50-in-q125-despite-13-34-written-premiums-decrease","status":"publish","type":"post","link":"http:\/\/calebdewey.com\/index.php\/2025\/05\/13\/irb-re-net-income-increases-50-in-q125-despite-13-34-written-premiums-decrease\/","title":{"rendered":"IRB (Re) net income increases 50% in Q1\u201925 despite 13.34% written premiums decrease"},"content":{"rendered":"

Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m).<\/p>\n

\"\"This quarter\u2019s net income compares to Q1 2024\u2019 R$79.1m (around US$13.93m), which also saw R$1,440.1m in total written premiums (around US$255.0m).<\/p>\n

The company\u2019s combined ratio increased 4.68 p.p in Q1 2025, to 102.5% from 97.8% reported in Q1 2024. This increase was influenced by a loss ratio of 66.5%, 8.36 percentage points higher to the 58.2% seen in Q1 2024.<\/p>\n

IRB (Re) positive net income in the quarter was mainly due to the underwriting result of R$103.2m (approximately US$18.19m), as well as from finance income and share of profit of equity-accounted investees of R$ 210.2m (approximately US$37.05).<\/p>\n

Performance across different segments varied. The Life insurance segment contributed R$90.0m (approximately US$15.86m), a substantial 52.17% decrease compared to Q1 2024.<\/p>\n

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Conversely, the Non-Life segment generated R$1,157.9m (approximately US$203.9m) in contribution, representing a 7.50% decrease year-over-year.<\/p>\n

The reinsurer also reported a 19.15% decrease for its Brazil business, to R$857.2m (approximately US$151.10m), compared to Q1 2024\u2019s R$1,060.2m (approximately US$186.41m).<\/p>\n

In contrast, IRB (Re)\u2019s Abroad business saw a 2.86% increase in Q1 2025\u2019s written premiums which grew to R$390.7m (approximately US$68.87.) from the R$379.9m (approximately US$66.87m) seen in the same period last year.<\/p>\n

The post IRB (Re) net income increases 50% in Q1\u201925 despite 13.34% written premiums decrease<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Brazilian reinsurer IRB (Re) has announced its financial results for the first quarter of 2025, reporting net income increase of 50%, to R$118.6m (approximately US$20.89m), despite a 13.34% decrease in total written premiums, which stood at R$1,247.9m (approximately US$219.97m). This quarter\u2019s net income compares to Q1 2024\u2019 R$79.1m (around US$13.93m), which also saw R$1,440.1m in […]<\/p>\n","protected":false},"author":1,"featured_media":4257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10],"tags":[],"_links":{"self":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4255"}],"collection":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/comments?post=4255"}],"version-history":[{"count":3,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4255\/revisions"}],"predecessor-version":[{"id":4259,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/posts\/4255\/revisions\/4259"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media\/4257"}],"wp:attachment":[{"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/media?parent=4255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/categories?post=4255"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/calebdewey.com\/index.php\/wp-json\/wp\/v2\/tags?post=4255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}