BRASILIA, Brazil, Nov. 10, 2016 /PRNewswire/ -- In this release, PAR Corretora de Seguros registered gross revenues of R$ 115.8 million, an increase of 13.5%, compared to the same period in 2015 - despite fewer business days in the quarter, due to an extended bank strike in September/16. Net income reached R$38.5 million in 2016 third quarter, a growth of 14.4%, compared to the same period in the previous year.
The result for PAR, Caixa Seguradora's exclusive broker inside CAIXA's distribution network, was released today (10th) after the market had closed and tomorrow (11th) there will be the conference call (English and Portuguese) for analysts and investors.
All information about the release is available at the Company's web page.
CONTACT Marcus Martino Chief Financial and Investor Relations Officer Guilherme Aguiar IR Superintendent
We are the exclusive insurance brokerage firm for Caixa Seguradora through CAIXA's distribution channels, and we operate as a strategic partner of both institutions.
We currently have approximately 1,600 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 our IPO (Initial Public Offering) and today we disclose our results for the third quarter of 2016.