BB Seguridade Participacoes SA (BBSE3.SA)
R$ -0.10 (-0.36%)
|Market Cap(Mil.):||R$ 58,135.00|
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.