21.6 C
New York
Sunday, September 25, 2022
More

    Don't miss

    IRB (IRBR3) expands losses by 80% and has a loss of BRL 373 million

    - Advertisement -
    The total premiums issued by IRB in 2Q22 was BRL 1.68 billion (Image: Money Times/Renan Dantas)

    THE IRB Brazil (IRBR3) reported a net loss of R$ 373.3 million in the second quarter of this year, according to a material fact disclosed in the early hours of Tuesday (16).

    The value increases by 80% the loss reported in the same period last year, when the company had losses of R$ 206.9 million.

    - Advertisement -

    The result came better than expected by analysts at the Inter Researchwhat expected a smaller loss of R$ 37 million, in the period.

    According to IRBthe increase in the loss was mainly due to the impact of the loss ratio of the segments of the agribusinessimpacted by climatic effects.

    - Advertisement -

    The total premiums issued by the IRB in 2Q22 it was R$ 1.68 billion, a decrease of 22% in the annual comparison. In 2Q21, the reinsurer recorded R$2.16 billion in premiums written.

    Last Monday (15), the company confirmed that it is studying the possibility of carrying out a fundraising operationwhich would consist of a subsequent public offering of primary distribution of shares (“follow-on”).

    The actions of IRB melted more than 10% in the last trading sessionafter the announcement.

    Check out the full ad:

    Follow Money Times on Instagram!

    Connect with the market and have access to exclusive content about the news that enrich your day! Seven days a week and 24 hours a day, you will have access to the most important and commented topics of the moment. And even better, multimedia content with images, videos and a lot of interactivity, such as: the summary of the main news of the day in Minuto Money Times, Money Times Responds, in which our journalists answer questions about investments and market trends, lives and much more most… Click here and follow our profile now!

    Know more! MAGAZINE LUIZA- WAS BAD FOR ”CARNEZINHO TASTO?”

    Disclaimer
    O money times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

    Source: Moneytimes

    - Advertisement -
    spot_img

    Latest Posts

    spot_img

    Latest