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GROSS PROFIT FROM INSURANCE AND PENSION PLANS
 12 Months Ended
Dec. 31, 2024
Gross Profit From Insurance And Pension Plans  
GROSS PROFIT FROM INSURANCE AND PENSION PLANS

 

32)GROSS PROFIT FROM INSURANCE AND PENSION PLANS

 

     
  R$ thousands
Year ended December 31
2024 2023 2022
Revenue from PAA contracts 49,545,938 44,618,387 38,351,543
Revenue from BBA contracts 7,781,746 6,331,612 5,884,919
Revenue from VFA contracts 1,925,320 302,828 8,880
Insurance Revenue 59,253,004 51,252,827 44,245,342
Claims incurred (39,763,947) (38,789,671) (33,858,844)
Acquisition costs (5,974,953) (3,515,668) (3,361,916)
Administrative expenses (3,273,232) (3,606,269) (3,000,573)
 Onerous contracts (1,334,682) (70,204) 28,461
Insurance contract expenses (50,346,814) (45,981,812) (40,192,872)
Insurance result 8,906,190 5,271,015 4,052,470
Reinsurance result 36,070 (35,304) (20,144)
Gross profit from insurance and pension plans 8,942,260 5,235,711 4,032,326