IRB-Brasil Resseguros Income Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Premiums & Annuity Revenue	5,211	6,058	5,795	7,040	10,311
Total Interest & Dividend Income	-2.96	449.25	47.27	726.23	1,488
Gain (Loss) on Sale of Investments	39.5	-29.79	-	-	-
Other Revenue	-	-	-	-	43.98
Total Revenue	5,248	6,477	5,842	7,766	11,843
Revenue Growth (YoY)	-18.98%	10.88%	-24.77%	-34.42%	-0.03%
Policy Benefits	2,763	3,270	6,120	8,393	11,566
Policy Acquisition & Underwriting Costs	187.42	281.79	-	-	253.13
Selling, General & Administrative	25.82	28.2	31.37	11.01	389.38
Other Operating Expenses	1,686	1,724	21.76	-55.83	139
Total Operating Expenses	4,662	5,305	6,174	8,349	12,347
Operating Income	585.67	1,173	-331.55	-582.55	-504.37
Interest Expense	-	-97.47	-	-248.88	-62.85
Earnings From Equity Investments	10.79	37.17	-	-	-9.16
Currency Exchange Gain (Loss)	6.11	84.19	5.03	-	70.46
Other Non Operating Income (Expenses)	-	-	68.84	-	-885.52
EBT Excluding Unusual Items	602.56	1,197	-257.68	-831.43	-1,391
Legal Settlements	-	-	-	-	-4.03
Pretax Income	602.56	1,197	-257.68	-831.43	-1,395
Income Tax Expense	211.62	390.81	-133.83	-410.69	-712.76
Net Income	390.95	805.74	-123.85	-420.74	-682.7
Net Income to Common	390.95	805.74	-123.85	-420.74	-682.7
Net Income Growth	-51.48%	-	-	-	-
Shares Outstanding (Basic)	82	82	82	42	42
Shares Outstanding (Diluted)	82	82	82	42	42
Shares Change (YoY)	-0.03%	-	95.68%	-0.05%	-
EPS (Basic)	4.78	9.85	-1.51	-10.06	-16.32
EPS (Diluted)	4.78	9.85	-1.51	-10.06	-16.32
EPS Growth	-51.47%	-	-	-	-
Free Cash Flow	241.97	123.63	467.49	-1,235	-135.04
Free Cash Flow Per Share	2.96	1.51	5.71	-29.54	-3.23
Dividend Per Share	0.590	-	-	-	-
Operating Margin	11.16%	18.10%	-5.67%	-7.50%	-4.26%
Profit Margin	7.45%	12.44%	-2.12%	-5.42%	-5.76%
Free Cash Flow Margin	4.61%	1.91%	8.00%	-15.91%	-1.14%
EBITDA	591.92	1,181	-326.06	-533.03	-496
EBITDA Margin	11.28%	18.23%	-5.58%	-6.86%	-4.19%
D&A For EBITDA	6.25	7.92	5.49	49.52	8.38
EBIT	585.67	1,173	-331.55	-582.55	-504.37
EBIT Margin	11.16%	18.10%	-5.67%	-7.50%	-4.26%
Effective Tax Rate	35.12%	32.66%	-	-	-

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.