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Brazilian insurer Sul America's net income up 5.9% in second quarter 2014

August 5, 2014 - 6:00am

Brazil's Sul America S.A. recorded a 5.9% year-on-year increase in net income to 53.6 million Brazilian reals ($24.2 million) for the second quarter of 2014, BNamericas reported.

Premiums jumped 12.3% to BRL 3.312 billion ($1.49 billion) during the period.

Premiums in the property/casualty segment fell 8.8% to BRL 120 million ($54.2 million).

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