IRB-Brasil Resseguros Past Earnings Performance
We're still processing the latest earnings report of this company
Past criteria checks 2/6
IRB-Brasil Resseguros has been growing earnings at an average annual rate of 69%, while the Insurance industry saw earnings growing at 19.5% annually. Revenues have been declining at an average rate of 20.9% per year. IRB-Brasil Resseguros's return on equity is 7.4%, and it has net margins of 7.4%.
Key information
68.97%
Earnings growth rate
69.49%
EPS growth rate
| Insurance Industry Growth | 3.40% |
| Revenue growth rate | -20.87% |
| Return on equity | 7.40% |
| Net Margin | 7.45% |
| Next Earnings Update | 13 Aug 2026 |
Recent past performance updates
Recent updates
IRBR3: Slightly Softer Margins And Remote Meeting Plans Will Shape Fair Outlook
Analysts have slightly trimmed their price target for IRB-Brasil Resseguros to R$60.29 from R$60.57, citing updated views on revenue trends, profit margins and the future P/E multiple. What's in the News IRB-Brasil Resseguros has scheduled a Special and Extraordinary Shareholders Meeting for April 15, 2026, to be held exclusively remotely across ten meetings in Brazil (Key Developments).IRBR3: Moderating Revenue Contraction And Stable Margins Will Support A Fair Outlook
Analysts now set their price target for IRB-Brasil Resseguros at R$60.57, up from R$59.86, citing updated assumptions for revenue contraction, profit margin, and future P/E. What's in the News IRB-Brasil Resseguros has scheduled a Special and Extraordinary Shareholders Meeting for April 15, 2026, to be held exclusively remotely via ten meetings in Brazil (Key Developments).IRBR3: Stable Assumptions And Margins Will Support A Fairly Valued Outlook
Analysts kept their R$ price target for IRB-Brasil Resseguros unchanged, citing steady assumptions around fair value, discount rate, revenue trends, profit margin and forward P/E as the basis for maintaining their view. Valuation Changes Fair Value: R$59.86 remains unchanged, with no adjustment to the underlying fair value estimate.IRBR3: Stable Discount Rate And Margins Will Support A Fairly Valued Outlook
Analysts have trimmed their price target for IRB-Brasil Resseguros to R$10.39 from about R$10.76, citing only marginal tweaks to assumptions around revenue contraction, profit margin, and future P/E that leave their overall valuation framework largely intact. Valuation Changes Fair Value: R$59.86 remains unchanged, indicating no shift in the core valuation output.IRBR3: Refined Margin Outlook Will Support A Steady Fairly Valued View
Analysts have inched up their price target for IRB-Brasil Resseguros to R$59.86 from R$59.29, citing small adjustments in expected revenue trends, profit margins and forward P/E assumptions. Valuation Changes Fair Value: R$59.29 to R$59.86, risen slightly based on updated inputs.IRBR3: Fine Tuned Assumptions Will Support A Steady Fairly Valued Outlook
Analysts have nudged their price target on IRB-Brasil Resseguros slightly higher to R$59.29 from R$58.71, citing fine tuned assumptions around discount rates, margins and future P/E levels, rather than any major shift in the underlying outlook. Valuation Changes Fair Value: Adjusted slightly higher from R$58.71 to R$59.29 per share, reflecting fine tuning of the valuation model.IRBR3: Margins And Softer Revenue Contraction Will Shape A Steady Outlook
Analysts have lifted their price target on IRB-Brasil Resseguros by about R$2, supported by small model tweaks that reflect slightly softer revenue contraction, a modestly higher profit margin and a higher future P/E multiple. Valuation Changes Fair value estimate increased slightly from R$56.71 to R$58.71.IRBR3: Remote Meeting And Margins Will Shape A Steady Outlook
Analysts have nudged their price target for IRB-Brasil Resseguros higher, citing a slightly stronger fair value estimate of 56.71 versus 55.57, a small adjustment in the discount rate, a wider projected revenue decline of 5.55% compared with 4.91%, a modestly higher expected profit margin of about 17.04% and a slightly richer future P/E of about 10.28 versus 9.97. What's in the News IRB-Brasil Resseguros has scheduled a Special and Extraordinary Shareholders Meeting for November 3, 2025, to be held exclusively remotely.IRBR3: Remote Meeting And Margins Will Shape Fairly Balanced Outlook
Analysts have modestly adjusted their price target on IRB-Brasil Resseguros, keeping fair value essentially unchanged at approximately R$55.57. Slightly improved profit margin expectations offset a marginally lower discount rate, while revenue growth and valuation assumptions remain stable.IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Business Is Yet to Catch Up With Its Share Price
It's not a stretch to say that IRB-Brasil Resseguros S.A.'s ( BVMF:IRBR3 ) price-to-earnings (or "P/E") ratio of 8.2x...IRBR3: Remote Meeting And Margin Outlook Will Shape Fairly Balanced Prospects
Analysts have increased their price target for IRB Brasil Resseguros by approximately R$3.00, citing expectations of improving revenue trends, slightly higher profit margins, and a modest re rating of the companys future earnings multiple despite a higher discount rate. What's in the News IRB-Brasil Resseguros has scheduled a Special and Extraordinary Shareholders Meeting for November 3, 2025, to be held exclusively remotely, signaling continued reliance on digital corporate governance practices (Key Developments).IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Earnings Are Not Doing Enough For Some Investors
IRB-Brasil Resseguros S.A.'s ( BVMF:IRBR3 ) price-to-earnings (or "P/E") ratio of 5.5x might make it look like a buy...
Operational Improvements Will Strengthen Future Prospects In Brazil's Insurance Sector
Operational improvements and claim reductions could enhance net margins and future earnings.There's Reason For Concern Over IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price
It's not a stretch to say that IRB-Brasil Resseguros S.A.'s ( BVMF:IRBR3 ) price-to-earnings (or "P/E") ratio of 7.3x...IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Shares Bounce 31% But Its Business Still Trails The Industry
IRB-Brasil Resseguros S.A. ( BVMF:IRBR3 ) shares have had a really impressive month, gaining 31% after a shaky period...IRB-Brasil Resseguros S.A.'s (BVMF:IRBR3) Price Is Right But Growth Is Lacking
IRB-Brasil Resseguros S.A.'s ( BVMF:IRBR3 ) price-to-sales (or "P/S") ratio of 0.5x might make it look like a buy right...IRB-Brasil Resseguros S.A. (BVMF:IRBR3) Analysts Just Cut Their EPS Forecasts Substantially
Market forces rained on the parade of IRB-Brasil Resseguros S.A. ( BVMF:IRBR3 ) shareholders today, when the analysts...Revenue & Expenses Breakdown
How IRB-Brasil Resseguros makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 5,248 | 391 | 26 | 0 |
| 30 Sep 25 | 5,133 | 535 | 24 | 0 |
| 30 Jun 25 | 5,489 | 615 | 27 | 0 |
| 31 Mar 25 | 6,380 | 703 | 27 | 0 |
| 31 Dec 24 | 6,477 | 806 | 28 | 0 |
| 30 Sep 24 | 6,526 | 518 | 32 | 0 |
| 30 Jun 24 | 6,475 | 369 | 30 | 0 |
| 31 Mar 24 | 5,734 | 138 | 29 | 0 |
| 31 Dec 23 | 5,842 | -124 | 31 | 0 |
| 30 Sep 23 | 3,874 | 153 | -205 | 0 |
| 30 Jun 23 | 5,181 | -190 | -124 | 0 |
| 31 Mar 23 | 6,255 | -526 | -50 | 0 |
| 31 Dec 22 | 7,766 | -421 | 11 | 0 |
| 30 Sep 22 | 13,300 | -962 | 332 | 0 |
| 30 Jun 22 | 12,743 | -819 | 334 | 0 |
| 31 Mar 22 | 12,395 | -653 | 361 | 0 |
| 31 Dec 21 | 11,843 | -683 | 389 | 0 |
| 30 Sep 21 | 11,928 | -956 | 365 | 0 |
| 30 Jun 21 | 11,861 | -1,016 | 364 | 0 |
| 31 Mar 21 | 12,049 | -1,466 | 337 | 0 |
| 31 Dec 20 | 11,846 | -1,482 | 319 | 0 |
| 30 Sep 20 | 7,059 | -183 | 359 | 0 |
| 30 Jun 20 | 7,084 | 13 | 318 | 0 |
| 31 Mar 20 | 7,401 | 1,067 | 344 | 0 |
| 31 Dec 19 | 7,466 | 1,210 | 325 | 0 |
| 30 Sep 19 | 8,716 | 929 | 264 | 0 |
| 30 Jun 19 | 8,309 | 1,253 | 273 | 0 |
| 31 Mar 19 | 7,606 | 1,143 | 235 | 0 |
| 31 Dec 18 | 6,369 | 1,102 | 238 | 0 |
| 30 Sep 18 | 6,901 | 1,095 | 247 | 0 |
| 30 Jun 18 | 6,792 | 1,012 | 253 | 0 |
| 31 Mar 18 | 6,524 | 956 | 247 | 0 |
| 31 Dec 17 | 6,917 | 925 | 268 | 0 |
| 30 Sep 17 | 7,274 | 1,046 | 285 | 0 |
| 30 Jun 17 | 7,022 | 890 | 277 | 0 |
| 31 Mar 17 | 6,795 | 860 | 287 | 0 |
| 31 Dec 16 | 6,825 | 850 | 261 | 0 |
| 30 Sep 16 | 6,602 | 691 | 247 | 0 |
| 30 Jun 16 | 6,406 | 836 | 258 | 0 |
| 31 Mar 16 | 6,137 | 848 | 250 | 0 |
| 31 Dec 15 | 5,581 | 764 | 267 | 0 |
| 30 Sep 15 | 5,548 | 725 | 285 | 0 |
| 30 Jun 15 | 5,516 | 687 | 304 | 0 |
Quality Earnings: IRBR3 has high quality earnings.
Growing Profit Margin: IRBR3's current net profit margins (7.4%) are lower than last year (12.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IRBR3 has become profitable over the past 5 years, growing earnings by 69% per year.
Accelerating Growth: IRBR3's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRBR3 had negative earnings growth (-51.5%) over the past year, making it difficult to compare to the Insurance industry average (14%).
Return on Equity
High ROE: IRBR3's Return on Equity (7.4%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 11:13 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
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 Github.
Analyst Sources
IRB-Brasil Resseguros S.A. is covered by 11 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 |