BRASILIA, Brazil, March 2, 2016 /PRNewswire/ -- After performing the only IPO of 2015 in Brazil, we have released today our results for the fiscal year of 2015;
We have worked hard to support Caixa Seguradora´s bancassurance premium growth, that in 2015 posted a growth of 17.9%1 compared to a market growth of 5.3%1. We are part of the fastest growing insurance operation in Brazil.
Our ability to outperform the insurance market in a challenging period of our economy attests the success of our commercial strategy at CAIXA´s branch network.
We have posted strong growth in our net income, closing 2015 at R$ 130.1 million, an increase of 47.3% when compared to 2014.
() Refers to premium data extracted from SUSEP. It only considers bancassurance products (Life, Credit Insurance, Property & Casualty, and Mortgage). Caixa Seguradora's growth includes Caixa Seguradora and Caixa Vida & Previdencia, while Market growth includes the operations of BB Seguridade, Bradesco, Itau, Zurich-Santander and HSBC.
Joao Domingos Martins Villas
Chief Financial and Investor Relations Officer
Phone: +55 (61) 3426-9654
About Par Corretora
We are the exclusive insurance brokerage firm for Caixa Seguradora through CAIXA's insurance distribution channels, and we operate as a strategic partner of both institutions.
Through more than 40 years of experience, we helped to develop the fastest growing insurance operation in Brazil(1). We currently have approximately 1,500 employees and our major shareholders are CAIXA´s Employees Work Federation (FENAE), Caixa Seguradora and GP Investments. On June 5, 2015, we have proudly executed the only IPO (Initial Public Offering) in the last 18 months and today we disclose our results for 2015.
SOURCE PAR Corretora