IRB-Brasil Resseguros is the grand old name of Brazilian reinsurance, rebuilt after an accounting scandal nearly destroyed it. It is now a much smaller, steadier company than in its glory days. Full nameIRB-Brasil Resseguros S.A. Tickers / exchangeIRBR3 / B3 (São Paulo) HeadquartersRio de Janeiro, Brazil SectorInsurance – Reinsurance Employees328 Market valueR$4.95bn (US$961m) Yearly sales (revenue)R$4.92bn (US$955m) Net profitR$390.9m (US$75.9m) Net margin4.9% Return on equity4.6% Price-to-earnings20.7 Dividend yield1.0% Websiteirbre.com What it is IRB-Brasil Resseguros is a reinsurer. When an insurance company in Brazil takes on a risk too big to …
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