BB Seguridade Participações S.A. Announces Earnings Results for the First Quarter of 2017; Provides Earnings Guidance for the Year 2017
May 09, 2017 at 08:00 pm IST
BB Seguridade Participações S.A. announced earnings results for the first quarter of 2017. For the quarter, the company reported income of BRL 993 million, which grew 4% year-over-year with a return on equity of 47%. Net investment income was dropped by 10% and accounted for 30% of the net income of the company. Net inflows reached BRL 4 billion, 20% up year-over-year.
For the year 2017, the company forecast for net income growth of from 1% to 5%.