Revenue in the rural insurance sector increased by 11% in January compared to the same period last year.

Brazilian insurance companies recorded a net profit of R$ 3.57 billion in the first month of the year, a figure 37.9% higher than that recorded in January 2025. This is according to an analysis by IRB+Inteligência, the data platform of IRB(Re), which released an analysis of January 2026. Premiums issued also increased, with a 3.8% growth in revenue in January compared to the same month of the previous year, reaching R$ 18.54 billion. This performance was mainly influenced by the Life segment, which has the largest market share and generated R$ 437 million more in revenue during the month. In January, the loss ratio was 39.1%, a decrease of 3.7 percentage points (pp) compared to the previous year. This movement was mainly influenced by the Rural segment, with a decrease of 35.8 pp. Premiums ceded to reinsurance totaled R$ 2.9 billion. Credit and Guarantee registered the largest variation. Credit and Guarantee started the year with the largest variation among the segments: 20.1% compared to January 2025, driven mainly by Domestic Credit (40.3%) and Insured Guarantee – Public Sector (16.9%) insurance. In January, revenue was R$ 723 million, while the loss ratio decreased by 8.9 pp, ending the period at 13.5%. With revenue of R$ 6.4 billion, the Life segment grew 7.3% compared to the same month of 2025, with emphasis on the variations in Serious Illness or Terminal Illness (17.4%), Credit Life (17.4%) and Educational (11.3%) insurance. The loss ratio decreased by 1.1 pp compared to January 2025 and closed at 26.6%. Automobile grew 2% compared to January 2025, registering revenue of R$ 5 billion in the month. The loss ratio reached 60.6%, a decrease of 2.8 percentage points compared to January 2025. Corporate Property and Casualty insurance billed R$ 3.6 billion, registering a 0.5% decrease in performance compared to January of last year. This movement reflects the drop in revenue across various business lines, with the most pronounced declines in Aviation (-45.3%) and Civil Liability (-16.1%). The loss ratio in this segment increased by 1.1 percentage points, ending the month at 35.6%. Individual Property and Casualty insurance advanced 11.5% compared to January 2025, driven mainly by Rental Guarantee insurance, which grew 26.1% year-on-year. Regarding the loss ratio, there was an increase of 4 percentage points, with the rate ending the first month of the year at 37.5%. Revenue for the month was R$ 1.7 billion. Maintaining the downward trend observed in 2025, Rural began the year with an 11% drop in revenue compared to January 2025. This was the largest decline for the month of January since the 20.5% drop recorded in 2015. Revenue totaled R$ 1.1 billion and the loss ratio decreased by 35.8 percentage points, ending the month at 29.1%.

This text was translated by machine from Brazilian Portuguese.