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Insurance Group

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Bradesco Seguros e Previdência

Bradesco Seguros, headquartered in the city of Rio de Janeiro, provides a wide range of insurance products to individuals and corporate clients in Brazil, and also offers insurance products not only on an individual basis, but also under corporate agreements, according to which companies’ employees are insured. Bradesco Seguros’ products include health, life, personal accident, automobile insurance and other assets, with health insurance comprising the largest portion of its insurance area.

Net income for the second quarter of 2016 was 11.2% lower compared with the results from the previous quarter, influenced by the following factors: (i) the constitution of a supplemental coverage provision, whose calculation methodology considers the discount of the projected cash flow of the insurance contracts in force, based on the fixed-term structure of the interest rates (ETTJ). These curves showed approximately 1.0 p.p. of variation between the dates of the calculation base, resulting in an increase in the SCP (Supplemental Coverage Provision) in the order of R$144 million, with the reflex, net of tax, of R$79.2 million; (ii) an increase of 6.8 p.p. in the claims ratio; partially offset by: (iii) an increase of 22.0% in the revenue; (iv) the maintenance of the commercialization index; (v) improvement in the index of administrative efficiency; and (vi) an increase in financial results.

The net income for the first semester of 2016 was 11.5% lower than the results from the same period of the previous year, influenced by the following factors: (i) the constitution of a supplemental coverage provision, as mentioned in the previous paragraph; (ii) an increase in the administrative efficiency index; (iii) an increase in the aliquot of the Social Contribution (CSLL); partially offset by: (iv) an increase of 2.8% in the revenue; (v) the maintenance of the claims ratio; and (vi) an increase in financial results.

In June 2016, technical reserves for Bradesco Vida e Previdência stood at R$169.9 billion, made up of R$161.4 billion from "Pension Plans and VGBL" and R$8.5 billion from "Life, Personal Accidents and other lines", resulting in an increase of 17.7% over June 2015. The Pension Plan and VGBL Investment Portfolio accounted for 28.9% of market funds in May 2016 (source: Fenaprevi).

Bradesco Saúde and Mediservice

These two companies have a combined total of more than 4.2 million clients. The large share of corporate insurance in this portfolio (96.1% in June 2016) is proof of its high level of specialization and customization in providing group coverage plans.

Approximately 139 thousand companies in Brazil have Bradesco Saúde insurance and Mediservice plans.

Of the 100 largest companies in Brazil in terms of billing, 43 are Bradesco Saúde and Mediservice customers (source: Exame magazine – "Melhores e Maiores" ranking, July 2016).

Bradesco Capitalização

Bradesco Capitalização reached first place among the capitalization bond companies, presenting a 4.0% growth in revenue during the period between January and May of 2016, in comparison with the same period of 2015, thanks to its transparency policy and by adjusting its products based on potential consumer demand, consistent with market changes.

Concerned with providing products that better fit the most varied profiles and budgets of its clients, Bradesco Capitalização has a product portfolio, which ranges in payment method (lump or monthly), contribution term, periodicity and value of premiums that meet the requirements and expectations of the clients.

Combining a pioneering spirit with a businessminded strategic view, Bradesco Capitalização has launched products onto the market that are concerned with socio-environmental causes, from which part of the revenue goes towards projects with such purpose. In addition to offering clients the opportunity to create a financial reserve,Capitalization Bonds with this socio-environmental profile seek to raise the client’s awareness of this subject’s importance and permit them to participate in a good cause that benefits society.

Bradesco Capitalização currently has partnerships with the following institutions: (i) Fundação SOS Mata Atlântica (which contributes to preserving the biological and cultural diversity of the Atlantic Forest, encouraging social and environmental citizenship); (ii) Fundação Amazonas Sustentável (which contributes to the sustainable development, environmental preservation and improvement of the quality of life in communities that benefit from conservation centers in the state of Amazonas); (iii) Instituto Brasileiro de Controle do Câncer (the Brazilian Cancer Control Institute – which contributes to the prevention, early diagnosis and treatment of breast cancer in Brazil); (iv) Tamar Project (created to preserve sea turtles); and (v) Instituto Arara Azul (created to work towards the conservation of Blue Macaws in their natural habitat)

Bradesco Auto/RE

Bradesco Auto/RE is present in 40 of the 100 largest groups in the country, as the insurer of its equities. And, to ensure the retention of clients, the company has invested in the revision of its services, in both claims assistance and claims, in search of greater efficiency and quality in the provision of services.

Despite the strong competition in the "Auto/RCF" sector, the insurance company has maintained its collection of around 1.5 million items, confirming its continued competitiveness. This achievement primarily originated from a more refined and segmented pricing strategy that helped to reduce the claims ratio and significant margin recovery, above the market average. In addition, strong investment in technology in this area has aided the simplification of internal processes, making the purchase of insurance more agile.


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