SulAmérica

SulAmérica
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    Relações com Investidores

    Fundamentos e Planilhas
    » Notices

    Notices

    Rio de Janeiro, November 12, 2009 - Sul América S.A. (Bovespa: SULA11) announces today its results for the third quarter of 2009 (3Q09).

    Highlights


    • Net income reaches R$81.0 million, decreasing 32.9% over the same quarter last year (down 3.7% on 2Q09). In 9M09, recurring net income reaches R$269.4 million, decreasing 8.0% over 9M08. Annualized ROAE reaches 12.9% in the quarter.
    • Total insurance premiums in 3Q09 moved up 11.4% over 3Q08 (up 4.4% over 2Q09) to reach R$2.2 billion. In 9M09, insurance premiums increase 12.3% to reach R$6.4 billion. Health insurance premiums move up 8.9% over 3Q09 (up 6.1% over 2Q09) and group health portfolio increases 14.6% (up 7.8% over 2Q09), led by small and mid-sized businesses (SMEs), which increased 22.9%. In 9M09, health insurance premiums increase 9.3% on 9M08. Auto insurance premiums rise 30.4% in the quarter over 3Q08 (up 6.2% over 2Q09) and by 21.5% in 9M09. Insured fleet reaches 2.1 million vehicles at the end of the period.
    • Total loss ratio reaches 74.0% in 3Q09, up 140 bps over 3Q08 (down 240 bps on 2Q09). Health insurance loss ratio reaches 80.4% in 3Q09, increasing 210 bps over 3Q08 (down 480 bps on 2Q09). Auto insurance loss ratio reaches 62.6% in the quarter, down 270 bps over 3Q08 (down 30 bps on 2Q09).
    • Combined ratio ends the quarter at 100.7%, up 140 bps on 3Q08 (down 40 bps over 2Q09). In 9M09, the combined ratio rises 150 bps to 99.9%.
    • Return on the investment portfolio reaches R$165.7 million in 3Q09, corresponding to an average yield of 120.9% of the CDI rate (versus 119.5% of the CDI in 2Q09).

    To view the Entire Earnings Release click here.

    Conference Call

    English
    November 13, 2009 - Friday
    09h AM US EST | 12h (BR)
    Phone: +1 (973) 935-8893
    Replay for 7 days: +1 (706) 645-9291
    Code: 37057558

    Portuguese
    November 13, 2009 - Friday
    07h AM US EST | 10h (BR)
    Phone: +55 (11) 4003-9004
    Replay for 7 days: +55 (11) 4003-9004
    Code: SulAmérica

    Live webcast: click here

    The presentation will be available for download in Company‘s IR website 30 minutes before the conference call.

    Topo

    Last updated on 11/12/2009