The Brazilian Superintendence of Private Insurance (SUSEP) published the Boletim Susep with supervised-sector data through March 2025, reporting BRL 105.37 billion collected in the first quarter of 2025. This represents nominal growth of 2.35% versus the first quarter of 2024, but a real decline of 2.77%. Non-life insurance and personal insurance excluding VGBL together collected BRL 52.24 billion, up 8.11% nominal and 3.05% real. Within non-life insurance, motor insurance accounted for 41% of collections and totalled BRL 14.21 billion, up 6.78% nominal and 1.77% real, while comprehensive insurance (residential, condominium and commercial) grew 11.91% nominal and 6.67% real. Claims, redemptions, benefits and prize payouts reached BRL 20.81 billion in March and BRL 66.58 billion year-to-date, a real increase of 11.47% driven mainly by redemptions from accumulation products (VGBL, PGBL and traditional pension), whose contributions totalled BRL 45.02 billion through March, down 4.68% nominal and 9.15% real. Capitalisation bond collections were BRL 8.11 billion, up 9.77% nominal and 4.61% real. Technical provisions totalled BRL 1.88 trillion in March 2025, equivalent to 15.73% of GDP, with the stock up 11.91% in nominal terms compared with March 2024.
Brazilian Superintendence of Private Insurance (SUSEP) 2025-05-27
Brazilian Superintendence of Private Insurance publishes Boletim Susep data through March 2025 showing BRL 105.37 billion collected in Q1 and a real decline
The Brazilian Superintendence of Private Insurance (SUSEP) reported BRL 105.37 billion collected in the first quarter of 2025, marking a nominal growth of 2.35% but a real decline of 2.77% compared to the same period in 2024. Non-life and personal insurance excluding VGBL collected BRL 52.24 billion, with motor insurance accounting for 41% of non-life collections. Technical provisions reached BRL 1.88 trillion, representing 15.73% of GDP, with an 11.91% nominal increase from March 2024.