The Brazilian Superintendence of Private Insurance (SUSEP) published the latest Boletim Susep with consolidated data on the supervised insurance, pensions and capitalisation sector through May 2025. Total revenue reached BRL 175.88 billion in the first five months of the year, a nominal increase of 0.75% versus the same period in 2024. Property and casualty and personal insurance excluding VGBL generated BRL 88.08 billion, up 8.09% nominal year on year. Within property and casualty, microinsurance collected BRL 780 million, up 18.17% nominal and 12.42% real, while motor insurance reached BRL 24.01 billion, up 5.89% nominal. In personal insurance, travel insurance collected BRL 390 million, up 11.66% nominal and 6.20% real. Accumulation products including PGBL, VGBL and traditional pensions recorded BRL 73.86 billion in contributions and top-ups, down 8.33% nominal and 12.79% real, with net contributions of BRL 11.71 billion after redemptions and benefits. Capitalisation revenue totalled BRL 13.94 billion, up 11.54% nominal and 6.06% real. Claims, redemptions, benefits and prize draws amounted to BRL 22.09 billion in May and BRL 110.55 billion year to date. Technical provisions stood at BRL 1.9 trillion in May, equivalent to 15.85% of Brazil’s GDP, with the full dataset available in the May Boletim Susep and via SUSEP’s market intelligence dashboard.

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