Article ID: f26f645f6679b46aee5349f57b01e080a8f0d352d0d44b6d7b179cbce22da776
Source ID: primary:reinsurancene.ws
Published At: -
Extraction Method: trafilatura
URL: https://www.reinsurancene.ws/irbre-lifts-underwriting-result-74-in-q126-as-cor-improves/
Body Text
IRB(Re) has opened 2026 with a stronger underwriting performance and improved profitability metrics, despite a decline in net income. The Brazilian reinsurer posted an underwriting result of R$180 million in Q1 2026, a 74% increase over the same period last year, reflecting disciplined underwriting and improved portfolio performance. This helped drive a more favourable combined ratio of 98%, down from 102% in Q1 2025, supported by a notable 8.5 percentage point reduction in the loss ratio to 58%. While underwriting momentum was positive, IRB(Re)’s net income came in at R$102 million, down 15% year-on-year. The decline was largely attributed to weaker financial and equity income, which fell 19% to R$170 million over the period. However, the firm’s operating income showed a marked turnaround, reaching R$7 million in Q1 2026 compared to a loss of R$31 million in the prior-year quarter. IRB(Re)’s written premiums were also up in the opening quarter of the year, expanding to R$1.288 billion, thanks to growth in both Brazil and abroad.
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