IRB Brasil’s net income jumps 39%

IRB Brasil Resseguros SA saw net income for the first nine months of the year rise 39% to 361 million Brazilian reals ($68 million), while written premiums fell 10% to BRL4.5 billion, Reinsurance News reported. In the third quarter, net income dropped 15% to BRL99 million, and written premiums declined 11% to BRL1.9 billion.