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    Specialty insurance
IRB Brasil Resseguros SA

IRB Brasil Resseguros SA

66.45
BRL
-0.54
(-0.81%)
2.94EPS
18.68P/E
4.47BMarket Cap
Nov 12Next Earn
IRB Brasil Resseguros SA
B3:IRBR3F
(B3)

Recent

price

66.45

P/E

ratio

18.68

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
BRL
63.96
77.98
90.89
97.02
122.88
160.7
111.38
125.52
-16.53
-3.97
17.69
15.13
16.47
Revenue per Share
14.85
18.85
20.97
22.85
30.11
32.35
-29.38
-13.54
-5.14
-1.51
9.85
4.78
2.95
Basic EPS, GAAP
24.39
9.74
2.88
-7.6
-14.45
24.33
-30.67
-3.77
-15.91
4.91
0.72
2.57
4.43
Free Cash Flow per Basic Share
7.32
11.81
16.8
17.27
16.9
24.74
5.37
0.49
- -
- -
- -
- -
- -
Dividend per Share
72.59
78.02
81.79
88.46
98.82
97.45
87.54
73.11
53.03
52.02
60.19
64.72
65.65
Book Value per Share
71.19
76.46
80.26
87.12
97.77
96.35
86.24
71.43
51.74
50.57
58.59
63.48
64.43
Tangible Book Value per Share
41
41
41
40
40
37
50
50
82
82
82
82
82
Basic Weighted Avg Shares
2,592
3,160
3,683
3,928
4,975
6,012
5,617
6,330
-1,354
-326
1,448
1,238
1,343
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
32
40
51
45
45
44
50
58
96
85
64
Depreciation Expense
602
764
850
925
1,219
1,210
-1,482
-683
-421
-124
806
391
241
Net Income, GAAP
33.18
25.13
31.54
27.22
17.21
- -
- -
- -
- -
- -
32.66
35.12
25.46
Effective Tax Rate (%)
23.21
24.17
23.08
23.55
24.5
20.13
-26.38
-10.79
31.08
38.03
55.65
31.57
17.92
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
- -
- -
- -
- -
- -
- -
830
829
908
571
511
277
287
LT Debt
2,954
3,175
3,328
3,581
4,001
3,945
4,415
3,687
4,341
4,257
4,926
5,283
5,328
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
38.17
49.55
50.12
43.79
- -
- -
- -
- -
- -
33.76
7.11
5.69
Return on Capital (%)
- -
24.92
26.14
26.78
32.15
30.46
-35.44
-16.85
-10.48
-2.88
17.55
7.66
4.57
Return on Common Equity (%)

Capital Structure

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
255
264
265
LT Finance Leases
22
21
22
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
82
82
81
Market Capitalization
4,395
4,413
4,474

Working Capital

BRL

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
5,114
5,041
4,469
Accounts Receivable, Net
925
908
903
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

BRL

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.7%
4.46%
7.24%
Free Cash Flow
-33.24%
107.48%
256.96%
Net Income, GAAP
-113.62%
-192.98%
-51.48%
Sales/Revenue/Turnover
-67.95%
-148.73%
-14.47%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
527
-466
260
1,527
1,448
2025
492
286
128
680
1,238
2026
286
249
- -
- -
- -

Quarterly Earnings Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.89
2.37
2.35
2.23
9.85
2025
1.64
1.3
1.37
0.47
4.78
2026
1.15
-0.04
- -
- -
- -

Quarterly Dividends Per Share

BRL

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
IRB-Brasil Resseguros S.A. (IRBR3.SA) operates as a leading Brazilian reinsurance company, providing comprehensive reinsurance solutions across all major business lines including property and engineering risks; casualty and civil liability; automotive; cargo, marine and transportation; surety and financial lines; life and personal accident; housing finance; agriculture and livestock; aviation; oil, gas and energy; and nuclear risks. Founded in 1939 and headquartered in Rio de Janeiro, the company maintains offices in São Paulo, Buenos Aires and London, serving clients primarily in Brazil and Latin America while leveraging over 80 years of market expertise to support insurers in managing diverse risks from natural catastrophes to financial exposures. Recent developments include the appointment of Frederico Knapp as chief financial officer in December 2024, succeeding Marcos Pessôa de Queiroz Falcão who continues as CEO; the sponsorship of Brazil's inaugural insurance-linked securities transaction worth R$33.7 million through subsidiary Andrina SSPE in May 2025 to cover surety bond risks; participation as an investor in insurtech Darwin's R$102 million funding round in October 2025; and a loss portfolio transfer with Carrick Re Limited involving its UK branch in 2024 ahead of a Part VII transfer scheme.