Stock Analysis
IRB-Brasil Resseguros Second Quarter 2024 Earnings: EPS: R$2.37 (vs R$0.46 loss in 2Q 2023)
IRB-Brasil Resseguros (BVMF:IRBR3) Second Quarter 2024 Results
Key Financial Results
- Revenue: R$1.85b (up 56% from 2Q 2023).
- Net income: R$194.1m (up from R$37.3m loss in 2Q 2023).
- Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue.
- EPS: R$2.37 (up from R$0.46 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
IRB-Brasil Resseguros Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Insurance industry in Brazil.
Performance of the Brazilian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with IRB-Brasil Resseguros.
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About BOVESPA:IRBR3
IRB-Brasil Resseguros
Engages in the provision of reinsurance solutions in Brazil and internationally.