BB Seguridade Participações S.A. Announces Earnings Results for the First Quarter of 2017; Provides Earnings Guidance for the Year 2017
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%.