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    IRBR3   BRIRBRACNOR4

IRB - BRASIL RESSEGUROS S.A.

(IRBR3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  04:07 2022-09-23 pm EDT
1.120 BRL   -1.75%
09/21IRB BRASIL RESSEGUROS S A : Notice to the Market - Periodic Information Form
PU
09/16IRB BRASIL RESSEGUROS S A : Notice to the Market - Removal of negative credit watch
PU
09/02IRB BRASIL RESSEGUROS S A : Notice to the Market - Clarifications on CVM/B3 Inquiries
PU
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Brazil's IRB aims to raise up to $295 million in share offering - report

08/12/2022 | 06:04pm EDT

(Reuters) - Brazilian reinsurer IRB Brasil Resseguros SA is set to raise up to 1.5 billion reais ($295.75 million) in a follow-on share offering, local website Brazil Journal reported on Friday citing sources familiar with the matter.

According to the report, the company should announce the capital increase on Monday and aims to raise between 1 billion reais and 1.5 billion reais at one real per share, representing a discount of 56.7% from Friday's closing price of 2.31 reais.

In July, analysts at Genial Investimentos raised an alert on IRB's capital sufficiency.

IRB did not immediately respond to a request for comment.

($1 = 5.0719 reais)

(Reporting by Carolina Pulice and Peter Frontini; Editing by David Gregorio)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -0.35% 5.0819 Delayed Quote.-19.63%
IRB - BRASIL RESSEGUROS S.A. -1.75% 1.12 Delayed Quote.-72.14%
All news about IRB - BRASIL RESSEGUROS S.A.
09/21IRB BRASIL RESSEGUROS S A : Notice to the Market - Periodic Information Form
PU
09/16IRB BRASIL RESSEGUROS S A : Notice to the Market - Removal of negative credit watch
PU
09/02IRB BRASIL RESSEGUROS S A : Notice to the Market - Clarifications on CVM/B3 Inquiries
PU
09/01Brazil's IRB raises $228.9 mln in share offering
RE
08/30IRB BRASIL RESSEGUROS S A : Notice to the Market - Casashopping Agreement
PU
08/30IRB BRASIL RESSEGUROS S A : Notice to the Market - Asset Sale
PU
08/19IRB-Brasil Resseguros S.A. Reports Earnings Results for the Second Quarter and Six Mont..
CI
08/16IRB BRASIL RESSEGUROS S A : Insurance market grows 19.6% in the first half of 2022
PU
08/16IRB Eyes Capital-Raising Effort
CI
08/16TRANSCRIPT : IRB-Brasil Resseguros S.A., Q2 2022 Earnings Call, Aug 16, 2022
CI
More news
Financials
Sales 2022 5 276 M 1 008 M 1 008 M
Net income 2022 -267 M -51,0 M -51,0 M
Net Debt 2022 - - -
P/E ratio 2022 -8,92x
Yield 2022 -
Capitalization 1 406 M 269 M 269 M
Capi. / Sales 2022 0,27x
Capi. / Sales 2023 0,23x
Nbr of Employees 457
Free-Float 85,5%
Chart IRB - BRASIL RESSEGUROS S.A.
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IRB - Brasil Resseguros S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends IRB - BRASIL RESSEGUROS S.A.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 10
Last Close Price 1,12 BRL
Average target price 2,48 BRL
Spread / Average Target 122%
EPS Revisions
Managers and Directors
Raphael Afonso de Carvalho Chief Executive Officer
Antonio Cassio dos Santos Chairman & President
Willy Otto Jordan Neto Chief Financial & Investor Relations Officer
Wilson Toneto COO, CTO & Investor Relations Officer
Carlos André Guerra Barreiros General Counsel & Risk, Compliance Officer
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