Caixa Seguridade registered a managerial net income of R $ 1.04 billion in the quarter ended in late June, 35.2% evolution compared to the second quarter of last year, the company said on Monday (11).
In the accounting view, the company released net profit of R $ 1.03 billion, a growth of 57.3% over the second quarter of 2024, according to a report of results.
The result came in line with an average estimate of $ 1.04 billion analysts, according to LSEG data.
The company, insurance arm of Caixa Econômica Federal, announced that the financial result grew 156.1% in the second quarter compared to the same period of 2024, to R $ 45.5 million.
“This performance is a reflection of a higher Selic rate in the period and a higher average balance of financial investments,” said the company’s management when commenting on quarterly performance.
“In addition, there was a reduction in financial expenses, considering that the second quarter of 2024 had been impacted by the monetary update of mandatory minimum dividends for 2023.”
Separately, Caixa Seguridade announced the approval of its R $ 960 million distribution council to shareholders in early interchange dividends, equivalent to 92% of net income earned in the second quarter.
