INSUBCONTINENT EXCLUSIVE:
from last year, according to company filings.However, shares dropped 5.2% to R$45.58 ($7.60) on April 28, 2025, reflecting market doubts
Investors worry about declining premiums and missed targets, despite profit gains.Gross written premiums fell 40% to R$186 million ($31
million), with domestic premiums down 50% and international premiums up 17%
This shift toward overseas markets raises questions about replacing lost domestic revenue.Analysts suspect some contracts may have moved to
March, though IRB remains silent
18%.The combined ratio improved to 103% from 105% in January, but it still exceeds the profitable 100% mark
(Photo Internet reproduction)These numbers show better efficiency, yet not enough to ease market concerns
million ($62.1 million), up 226.2%, with a combined ratio of 101.2%, down 6.3 points
The 2025 price-to-earnings ratio of 7.2x exceeds competitors, signaling high expectations.Analysts project 2025 profits between R$525
million ($87.5 million) and R$590 million ($98.3 million), but dividend payouts are delayed to 2026
