Caixa Seguridade Participações Full Year 2024 Earnings: In Line With Expectations

Caixa Seguridade Participações (BVMF:CXSE3) Full Year 2024 Results

Key Financial Results

• Revenue: R$5.01b (up 7.5% from FY 2023).
• Net income: R$3.77b (up 5.1% from FY 2023).
• Profit margin: 75% (down from 77% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: R$1.26 (up from R$1.19 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Caixa Seguridade Participações Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

The primary driver behind last 12 months revenue was the Distribution segment contributing a total revenue of R$2.33b (46% of total revenue). The most substantial expense, totaling R$457.8m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how CXSE3's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Insurance industry in Brazil.

Performance of the Brazilian Insurance industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Caixa Seguridade Participações you should be aware of.

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