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IRB Brasil Resseguros SA

IRBR3.SA

Latest Trade

6.89BRL

Change

-0.02(-0.29%)

Volume

34,007,700

Today's Range

6.78

 - 

7.06

52 Week Range

5.33

 - 

41.67

As of on the Bolsa de Valores do Estado de Sao Paulo ∙ Minimum 15 minute delay

Pricing

Previous Close
6.91
Open
7.01
Volume
34,007,700
3M AVG Volume
1,204.79
Today's High
7.06
Today's Low
6.78
52 Week High
41.67
52 Week Low
5.33
Shares Out (MIL)
1,255.29
Market Cap (MIL)
8,570.94
Forward P/E
-16.28
Dividend (Yield %)
5.60

Next Event

IRB Brasil Resseguros SA Annual Shareholders Meeting

Latest Developments

More

Brazil's IRB CEO says co still needs 1.2 bln reais to meet liquidity requirements

Brazilian Reinsurer Company Irb To Reconsider Some Of Its Businesses Outside Brazil - CEO

Brazilian Reinsurer IRB Postpones Release Of Q1 Results To June 18 Due To Coronavirus

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About IRB Brasil Resseguros SA

IRB Brasil Resseguros SA is a Brazil-based provider of reinsurance services. The Company is focused on reinsurance and retrocession operations in Brazil and abroad, with its branches in Argentina and London and offices in numerous cities around the world. It offers coverage for different types of risk related to Property, Agriculture, Financial Lines, Oil & GAS, Transportation, Cargo, Infrastructure, Surety, Professional Liability, Events, Art, Live and Pension, among others. The Company owns several subsidiaries, such as IRB Asset Management SA, which manage the exclusive investment funds and IRB Investimentos e Participacoes Imobiliarias SA, which purchases, sells and develops real estate assets.

Industry

Insurance (Life)

Contact Info

Av. Marechal Camara, 171 - Castelo

20.020-901

Brazil

+55.21.22720200

https://www.irbre.com/

Executive Leadership

Antonio Cassio dos Santos

Interim President, Executive Director, Member of the Executive Board

Werner Romera Suffert

Finance and Investor Relations Executive Vice President, Member of the Executive Board

Wilson Toneto

Risk and Compliance Officer

Marcos Bastos Rocha

Independent Director

Roberto Dagnoni

Independent Director

Key Stats

3.63 mean rating - 8 analysts
Sell
Hold
Buy
Revenue (MM, BRL)

2017

3.9K

2018

4.8K

2019

5.7K

2020(E)

6.2K
EPS (BRL)

2017

0.918

2018

1.211

2019

1.747

2020(E)

-0.220
Price To Earnings (TTM)
--
Price To Sales (TTM)
0.97
Price To Book (MRQ)
1.74
Price To Cash Flow (TTM)
95.11
Total Debt To Equity (MRQ)
0.00
LT Debt To Equity (MRQ)
0.00
Return on Investment (TTM)
--
Return on Equity (TTM)
-4.11

Latest News

Latest News

UPDATE 1-Brazil's IRB still needs to plug 1.2 bln reais liquidity gap, says CEO

Brazil's largest reinsurer, IRB Brasil Resseguros SA, has concluded a 2.3 billion reais ($420 million) capital increase to address liquidity issues, but has not yet fully met regulatory requirements, its interim chief executive said on Monday.

Brazilian reinsurer IRB completes 2.3 billion reais private capital raising

Brazil's largest reinsurer IRB Brasil Resseguros SA <IRBR3.SA> said on Monday that it has sold 59 million reais ($11 million) worth of shares to existing shareholder to complete an overall 2.3 billion reais private capital-raising exercise.

IRB Brasil RE approves capital raise of up to 2.3 bln reais

IRB Brasil Resseguros on Thursday said its board had approved a capital increase of up to 2.3 billion reais with the issuance of common shares for private subscription at a price of 6.93 reais per share.

Credit Suisse downgrades Brazilian reinsurer IRB, cuts target price to 7.50 reais

A report by Credit Suisse Group AG <CSGN.S> late on Tuesday downgraded Brazilian reinsurer IRB Brasil <IRBR3.SA> from neutral to underperform and cut its target price to 7.50 reais ($1.37) per share.

IRB restates 2019 net income, cuts it by 31% due to accounting irregularities

IRB Brasil Resseguros <IRBR3.SA> has restated its 2019 financial statements to correct accounting irregularities, reducing its net income for the year by 31% to 1.2 billion reais ($220 million), the Brazilian reinsurer said on Tuesday.

Brazilian reinsurer IRB restates 2019 earnings due to incorrect accounting- filing

Brazilian reinsurer IRB Brasil has restated its 2019 financial statements to correct accounting irregularities, it said on Tuesday.

IRB Brasil must prove to shareholders it has 1 bln reais, court ruling says

A court in Sao Paulo on Monday ordered IRB Brasil to prove that it has 1 billion reais ($194 million) to reimburse shareholders facing heavy losses from the reinsurer's shares this year.

Brazil securities regulator probes reinsurer IRB, asset manager

Brazilian securities regulator CVM on Tuesday said it was opening a broad investigation into reinsurer IRB Brasil Resseguros SA <IRBR3.SA> along with its management and shareholders.

Brazil securities regulator probes reinsurer IRB, asset manager

Brazilian securities regulator CVM on Tuesday said it was opening a broad investigation into the reinsurer IRB Brasil Resseguros SA, its management and shareholders, according to a statement.

Exclusive: Brazilian reinsurer IRB Brasil in talks to buy rivals' portfolios - sources

Brazilian reinsurer IRB Brasil Resseguros SA <IRBR3.SA> is in advanced negotiations to buy rivals' portfolios in Brazil and elsewhere in Latin America as foreign competitors scale back in the region, two sources close to the company told Reuters.

Brazil's IRB says scraps 2020 forecasts due to coronavirus

IRB Brasil Resseguros SA has scrapped its 2020 financial forecasts due to uncertainty over the coronavirus outbreak, the company said in a Thursday securities filing. (Reporting by Alberto Alerigi Jr. Editing by Chizu Nomiyama)

Brazilian insurer IRB overhauls board

Brazil's reinsurer IRB Brasil Resseguros announced on Tuesday changes in its board.

Brazil reinsurer IRB reconsidering dividend payments due to coronavirus

Brazil reinsurer IRB said on Wednesday it is reconsidering its annual dividend payment in light of the coronavirus outbreak that has killed thousands and heavily affected equities markets.

UPDATE 2-Brazil's IRB reviews outlook after CEO, CFO ousted over Buffet rumors

Brazilian reinsurer IRB Brasil Resseguros SA's new chief financial officer on Thursday denied there were problems with the company's financials but its shares slumped as doubts persisted about its accounting practices after top executives were replaced.

Brazil's IRB to review 2020 forecasts, end some bonuses -CFO

New management at Brazilian reinsurer IRB Brasil Resseguros SA on Thursday said they were reviewing 2020 forecasts and ending some performance bonuses after the dismissal of top executives, but could not say if there would be new estimates.

Brazil's IRB Resseguros replaces CEO and CFO after shares plunge

Brazilian reinsurer IRB Brasil Resseguros SA <IRBR3.SA> replaced its chief executive and chief financial officer after its shares plunged nearly 32% on Wednesday after the company said that Berkshire Hathaway <BRKa.N> is not an investor.

BRIEF-Berkshire Hathaway Says Recent Stories In Brazilian Press That Co Is A Shareholder Of IRB Brasil Re Are Incorrect

* THERE HAVE BEEN RECENT STORIES IN BRAZILIAN PRESS THAT CO IS A SHAREHOLDER OF IRB BRASIL RE; THOSE STORIES ARE INCORRECT

Shares in Brazilian reinsurer IRB jump on Q4 results, 2020 outlook

A share buyback program, a better 2020 outlook and higher fourth-quarter profit helped propel shares in reinsurer IRB Brasil Resseguros SA upward in morning trading in Sao Paulo on Wednesday.

Brazilian reinsurer IRB to hire second audit firm for Q4 results

Brazilian reinsurer IRB Brasil Resseguros SA said in a conference call with investors on Monday that it will hire a second audit firm for its fourth-quarter results, which are to be released soon, following a second letter from shortseller Squadra Investimentos questioning...

UPDATE 1-Shares in Brazilian reinsurer IRB down 8.4% after asset manager questions financial statements

Shares in Brazilian reinsurer IRB Brasil Resseguros SA were down 8.4% on Monday after asset management firm Squadra Investimentos released a letter to its investors saying the reinsurer's gains may be overstated.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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