News: Sul America SA (SULA11.SA)

SULA11.SA on Sao Paolo Stock Exchange

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Wed, Feb 26 2014

STXNEWS LATAM-Brazil insurer SulAmérica profit almost triples as claims fall

SulAmérica SA, Brazil's third-largest listed insurer, saw profit almost tripling in the fourth quarter as a jump in financial income and declining retained claims offset a slight drop in revenue. Net income at the São Paulo-based insurer rose to 292.3 million reais ($124 million) in the last three months of 2013, compared with 118.9 million reais in the prior quarter, according to a securities filing on Wednesday.

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