BB Segurity reached a management recurring net profit of R $ 2.24 billion in. The result represents a 19.7% growth compared to the same period of the previous year and an increase of 12.2% over the first quarter of this year.
Positive performance was mainly driven mainly by the growth of the group’s financial result, the group’s insurer, which registered 68%expansion. Brasilprev, a private pension unit, also contributed significantly to the result, as well as increasing brokerage revenues in the insurance and capitalization segments.
The company revised down its prize projections issued by Brasilseg and pension reserves. This decision was influenced by changes in IOF’s legislation and the deceleration in the credit market, especially in the Presamant segment.
In the rural sector, despite a slight initial fall, there was recovery in June and July. The company maintains positive expectations for the second half, especially with the crop plan focused on micro and small producers.
Results and distribution of earnings
BB Corretora presented two -digit growth in profit, with revenue expansion and financial result. The company maintains its proven distribution policy, with payment of approximately R $ 3.77 billion in dividends, equivalent to about R $ 2 per share.
The company stresses that it does not intend to retain cash, maintaining its commitment to distribute results to make the action more attractive to investors. The profitability of the business reached about 90%, a level that the company considers sustainable for the next quarters.
