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BB Seguridade’s net income climbs 69%

Posted On: Nov. 8, 2022 9:19 AM CST

Financial results

Brazil-based insurer BB Seguridade Participacoes SA’s net income surged more than 69% to 1.65 billion Brazilian real ($327 million) in the third quarter of the year, Suno News reported. The results were driven by the insurer’s strong insurance and pension businesses, and robust capitalization.