BB Seguridade Participacoes SA (BBSE3.SA)
20 Feb 2018
Mon, Feb 19 2018
SAO PAULO, Feb 19 Shares in Brazilian insurance holding company BB Seguridade fell on Monday after management said raising profit will continue to be a challenge this year as interest rates reach their lowest level ever in the country.
* BRAZIL SEGURIDADE CEO JOSE MAURICIO COELHO SAYS OPERATIONAL IMPROVEMENT WAS NOT ENOUGH TO OFFSET FALL IN INTEREST RATES
SAO PAULO, Feb 19 Brazilian insurance holding company BB Seguridade missed fourth-quarter profit estimates as lower interest rates and a fall in premiums written dragged on its results.
SAO PAULO, Nov 6 Brazil's BB Seguridade Participações SA, the insurance arm of state-controlled Banco do Brasil SA, expects a pickup in the country's economic activity to compensate for falling interest rates and keep up profitability, Chief Financial Officer Werner Suffert told Reuters on Monday.
SAO PAULO, Nov 6 Brazilian insurer BB Seguridade Participações SA posted a 20.7 percent rise in net income in the third quarter after strong operating results at segments including pension and reinsurance, the company said in a statement on Monday.