Rio de Janeiro, November 14, 2007 – Sul América S.A. (BOVESPA: SULA11) announced today its results for the third quarter of 2007 (3Q07) and for the nine months ending September 30, 2007 (9M07).
Operating and Financial Highlights
- Total revenue in 3Q07 of R$1.7 billion, up 1.5% over 3Q06.
- Health insurance premiums increased 9.0% in 3Q07 over 3Q06 and 10.5% in 9M07 over 9M06, excluding the impact of the additional individual health insurance premium receivables.
- Auto insurance premiums decreased 10.8% in 3Q07 over 3Q06 and 8.6% in 9M07 over 9M06.
- Loss ratio in 3Q07 of 70.4%, an improvement of 630 bps over 3Q06.
- Combined ratio in 3Q07 of 96.5%, an improvement of 440 bps over 3Q06.
- Financial income reached R$354.3 million in 9M07, up 61.8% over 9M06.
- Net income in 3Q07 of R$66.2 million, up 272.3% over 3Q06.
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3Q07 Earnigs Release Conference Call
Conference Call in English
Friday, November 16, 2007
09h00 AM US EST | 12h00 (BR)
Dial in number: +1 (480) 629-9562
Code: 3796986
Replay available for one week: +1 (303) 590-3030
Conference Call in Portuguese
Friday, November 16, 2007
07h00 AM US EST | 10h00 (BR)
Dial in number: +55 (11) 4003-9004
Code: SulAmérica
Replay available for one week: +55 (11) 4003-9004
Last updated on 11/14/2007