IRB-Brasil Resseguros Future Growth

Future criteria checks 2/6

IRB-Brasil Resseguros's revenue is forecast to decline at 3% per annum while its annual earnings are expected to grow at 17% per year. EPS is expected to grow by 17.1% per annum. Return on equity is forecast to be 12.9% in 3 years.

Key information

17.0%

Earnings growth rate

17.1%

EPS growth rate

Insurance earnings growth	8.2%
Revenue growth rate	-3.0%
Future return on equity	12.9%
Analyst coverage	Low
Last updated	27 Jan 2025

Recent future growth updates

Recent updates

There's Reason For Concern Over IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price

Jan 11

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Shares Bounce 31% But Its Business Still Trails The Industry

Aug 16

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price Is Right But Growth Is Lacking

May 23

IRB-Brasil Resseguros S.A. (BVMF:IRBR3) Analysts Just Cut Their EPS Forecasts Substantially

Sep 06

What Is The Ownership Structure Like For IRB-Brasil Resseguros S.A. (BVMF:IRBR3)?

Feb 11

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Jan 04

IRB-Brasil Resseguros (BVMF:IRBR3) Share Prices Have Dropped 80% In The Last Year

Dec 09

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Shares Lagging The Market But So Is The Business

Jul 29

How Much Of IRB-Brasil Resseguros S.A. (BVMF:IRBR3) Do Institutions Own?

Jul 15

Earnings and Revenue Growth Forecasts

BOVESPA:IRBR3 - Analysts future estimates and past financials data (BRL Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2027	4,994	748	N/A	N/A	1
12/31/2026	5,128	657	N/A	N/A	3
12/31/2025	4,602	550	N/A	N/A	3
12/31/2024	4,115	357	N/A	N/A	3
9/30/2024	6,408	518	615	703	N/A
6/30/2024	6,356	369	607	695	N/A
3/31/2024	4,829	138	395	481	N/A
12/31/2023	5,692	-124	402	491	N/A
9/30/2023	3,874	153	-939	-852	N/A
6/30/2023	5,181	-190	-1,515	-1,435	N/A
3/31/2023	6,255	-526	-1,247	-1,175	N/A
12/31/2022	7,233	-421	-1,296	-1,235	N/A
9/30/2022	13,300	-962	-747	-686	N/A
6/30/2022	12,743	-819	420	489	N/A
3/31/2022	12,395	-653	756	821	N/A
12/31/2021	11,843	-683	-190	-130	N/A
9/30/2021	11,928	-956	-1,126	-1,071	N/A
6/30/2021	11,861	-1,016	-2,050	-2,002	N/A
3/31/2021	12,049	-1,466	-2,623	-2,569	N/A
12/31/2020	11,846	-1,482	-1,547	-1,487	N/A
9/30/2020	7,059	-183	-678	-627	N/A
6/30/2020	7,084	13	-241	-199	N/A
3/31/2020	7,401	1,067	-5	31	N/A
12/31/2019	7,466	1,210	910	940	N/A
9/30/2019	8,716	929	1,584	1,613	N/A
6/30/2019	8,309	1,253	1,614	1,643	N/A
3/31/2019	7,606	1,143	754	783	N/A
12/31/2018	6,369	1,102	-585	-557	N/A
9/30/2018	6,901	1,095	-807	-781	N/A
6/30/2018	6,792	1,012	N/A	-773	N/A
3/31/2018	6,524	956	N/A	53	N/A
12/31/2017	6,917	925	N/A	-256	N/A
9/30/2017	7,274	1,046	N/A	-368	N/A
6/30/2017	7,022	890	N/A	-480	N/A
3/31/2017	6,795	860	N/A	-522	N/A
12/31/2016	6,825	850	N/A	156	N/A
9/30/2016	6,602	691	N/A	174	N/A
6/30/2016	6,406	836	N/A	215	N/A
3/31/2016	6,137	848	N/A	404	N/A
12/31/2015	5,581	764	N/A	426	N/A
9/30/2015	5,548	725	N/A	747	N/A
6/30/2015	5,516	687	N/A	1,068	N/A
3/31/2015	5,082	602	N/A	935	N/A
12/31/2014	4,764	602	N/A	1,025	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IRBR3's forecast earnings growth (17% per year) is above the savings rate (10.4%).

Earnings vs Market: IRBR3's earnings (17% per year) are forecast to grow faster than the BR market (12.2% per year).

High Growth Earnings: IRBR3's earnings are forecast to grow, but not significantly.

Revenue vs Market: IRBR3's revenue is expected to decline over the next 3 years (-3% per year).

High Growth Revenue: IRBR3's revenue is forecast to decline over the next 3 years (-3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IRBR3's Return on Equity is forecast to be low in 3 years time (12.9%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/31 05:02
End of Day Share Price	2025/01/31 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

IRB-Brasil Resseguros S.A. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mario Lucio Pierry	BofA Global Research
Eduardo Rosman	BTG Pactual
Carlos Palhares Sequeira	BTG Pactual

IRB-Brasil Resseguros Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.4% to R$48.14

Consensus EPS estimates increase by 32%

Consensus EPS estimates fall by 14%, revenue upgraded

Consensus EPS estimates fall by 33%

Consensus EPS estimates fall by 12%

Price target increased by 7.7% to R$43.80

Recent updates

Investor sentiment improves as stock rises 15%

There's Reason For Concern Over IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price

Investor sentiment improves as stock rises 15%

Third quarter 2024 earnings: Revenues miss analyst expectations

Price target increased by 7.4% to R$48.14

Consensus EPS estimates increase by 32%

Second quarter 2024 earnings released: EPS: R$2.37 (vs R$0.25 in 2Q 2023)

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Shares Bounce 31% But Its Business Still Trails The Industry

Investor sentiment improves as stock rises 44%

Consensus EPS estimates fall by 14%, revenue upgraded

Consensus EPS estimates fall by 33%

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price Is Right But Growth Is Lacking

First quarter 2024 earnings released: EPS: R$2.89 (vs R$0.15 in 1Q 2023)

Full year 2023 earnings: EPS and revenues miss analyst expectations

New minor risk - Share price stability

Consensus EPS estimates fall by 12%

Price target increased by 7.7% to R$43.80

IRB-Brasil Resseguros S.A. to Report Q3, 2024 Results on Nov 13, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.8% to R$41.23

New major risk - Revenue and earnings growth

Price target increased by 7.2% to R$38.24

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased by 21% to R$37.67

First quarter 2023 earnings: Revenues miss analyst expectations

Price target decreased by 9.6% to R$30.33

High number of new directors

Price target decreased by 7.3% to R$34.57

Full year 2022 earnings released: R$7.70 loss per share (vs R$16.32 loss in FY 2021)

Price target decreased to R$1.58

IRB-Brasil Resseguros S.A. to Report Q3, 2023 Results on Nov 13, 2023

Third quarter 2022 earnings released

Price target decreased to R$1.81

High number of new and inexperienced directors

Third quarter 2022 earnings released

Price target decreased to R$2.01

Price target decreased to R$2.37

IRB-Brasil Resseguros S.A. (BVMF:IRBR3) Analysts Just Cut Their EPS Forecasts Substantially

Price target decreased to R$3.29

Price target decreased to R$3.77

Price target decreased to R$3.84

High number of new and inexperienced directors

IRB-Brasil Resseguros S.A. to Report Q3, 2022 Results on Nov 10, 2022

Full year 2021 earnings: Revenues miss analyst expectations

Price target decreased to R$4.50

Price target decreased to R$4.46

IRB-Brasil Resseguros S.A. to Report Q4, 2021 Results on Feb 24, 2022

Price target decreased to R$4.85

Price target decreased to R$5.80

Price target decreased to R$6.10

Second quarter 2021 earnings released

Price target increased to R$7.11

IRB-Brasil Resseguros Regains Regulatory Compliance

Earnings beat expectations, revenue disappoints

New 90-day low: R$6.39

IRB-Brasil Resseguros S.A. to Report Q3, 2021 Results on Nov 11, 2021

What Is The Ownership Structure Like For IRB-Brasil Resseguros S.A. (BVMF:IRBR3)?

IRB-Brasil Resseguros S.A., Annual General Meeting, Mar 29, 2021

IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Analysts increase EPS estimates to -R$0.56

IRB-Brasil Resseguros (BVMF:IRBR3) Share Prices Have Dropped 80% In The Last Year

Market bids up stock over the past week

Third quarter 2020 earnings released: R$0.18 loss per share

Market pulls back on stock over the past week

New 90-day low: R$5.92

Price target lowered to R$15.64

New 90-day low - R$7.13

First half earnings released

IRB-Brasil Resseguros S.A. announced that it has received BRL 2.079581129 billion in funding