Revenue in the rural insurance market fell 7.5% in the first two months.

In the first two months of the year, the overall loss ratio for the sector was 37.8%, a decrease of 5.5 percentage points (pp) compared to the same period last year. The main segment responsible for the reduction was the Rural segment, with a decrease of 20.8 pp. Despite the occurrence of the La Niña weather phenomenon, the rate did not increase, and the loss ratio for the Rural segment remained at 32.4% in February. The information comes from IRB+Inteligência, the data platform of IRB(Re), which released the latest figures for the sector this Monday (11). Brazilian insurers earned R$ 36 billion in premiums issued in the months of January and February, while the net profit was R$ 7 billion, a result 29.3% higher than the first two months of 2025. In February, the insurance market grew 2.1% in revenue compared to the same month of the previous year. In the first two months of the year, the variation was 2.9%, reflecting a more moderate start to the year for the sector. In the first two months of the year, insurers allocated R$ 5.1 billion to reinsurance, an increase of 3.6%, mainly influenced by the growth in cessions in Auto insurance operations. In February alone, the R$ 2.2 billion ceded in reinsurance represents an increase of 17.6% compared to the same month last year. In February, the Life segment grew 4.6% compared to the same month of 2025, reaching R$ 6.6 billion in revenue. In the first two months, the segment's revenue represented 36.2% of the sector, having grown 5.8%. The loss ratio decreased by 2.8 percentage points compared to the first two months of 2025, closing at 25.4%. With monthly revenue of R$ 4.6 billion, Auto insurance showed stability in February and in the accumulated figures for the first two months, with variations of 0.6% and 1.3%, respectively. The loss ratio decreased by 2.3 percentage points, ending the period at 59.9%. In the first two months, Corporate Property and Casualty insurance showed a slight decrease of 0.6% compared to the same period in 2025. This result was impacted by the drop in revenue from several business lines, notably Transportation and Property insurance. The loss ratio for this segment decreased by 9.6 percentage points, ending the period at 31.6%. Monthly revenue was R$ 3 billion. In February, Individual Property and Casualty insurance advanced 3.7% compared to the same month in 2025, mainly driven by rental guarantee insurance, which grew 18.6%. Monthly revenue was R$ 1.5 billion. In the first two months of the year, growth was 7.6%, with extended warranties standing out with a 12.4% increase. Regarding claims, there was stability during the period, with the rate ending at 31.5%. With revenue of R$ 1.1 billion in the month, the Rural segment ended the first two months with a 7.5% decrease in revenue compared to the same period in 2025. The last time the segment registered a decline in the first two months was in 2018, with a negative variation of 0.7%. Credit and Guarantee grew 7.3% in February compared to the same month of the previous year and ended the first two months with a 13.4% increase, the largest increase in the period. This increase is mainly driven by domestic credit insurance, which accounted for 74% of the segment's variation during the period. In the accumulated figures for January and February, claims decreased by 4.6 percentage points, ending the two-month period at 26.2%. 

This text was translated by machine from Brazilian Portuguese.