Apresentação do PowerPoint · 8.8 8.8 8.7 6.9 5.7 6.4 5.5 3.2 3.1 2.5 2.5 0.5 3.1 0.7 0.1 1.6 1.0 3.1 2.7 1.5 9.4 4.4 2.8 2.3 2.0 2.9 3.2 2.3 2.2 4.3 3.6 2.8 1.7 3.5 0.8 2.9 3.5

Institutional Presentation

BBSEY

ADR - Level I

Overview

BB Seguridade Participações S.A. | Investor Relations 3

Track Record

1981

Establishment of BB’s insurance operations

1993

Creation of Brasilprev

1995

Brasilcap’s inception in partnership with SulAmérica, Icatu and Aliança da Bahia

1996

Establishment of Brasilveículos in partnership with SulAmérica

1999

Partnership with Principal Financial Group in Private Pension Plans

2010

Establishment of the Joint Venture with Mapfre

2008-2011

Ownership restructuring of BB’s insurance, Pension Plans and Premium Bonds division

2012

Establishment of

BB Seguridade

1987

BB Corretora’s establishment

2013

IPO

Equity

investment in

IRB –Brasil RE

Brasildental

Partnership

with Odontoprev

2014

Establishment

of

ADR – Level I

http://www.google.com.br/imgres?imgurl=http://www.sindseg-rj.org.br/images/logos/alba.gif&imgrefurl=http://www.sindseg-rj.org.br/seguradoras.html&usg=__KShNk9BKbBPi7czKXB1AW1GxoYY=&h=88&w=88&sz=6&hl=pt-BR&start=10&zoom=1&tbnid=gBbZduYXJaub3M:&tbnh=77&tbnw=77&ei=3Fa7UNjONYvr0QGswIHICg&prev=/search?q=companhia+de+seguros+alian%C3%A7a+da+bahia&um=1&hl=pt-BR&sa=N&rls=com.microsoft:*&tbm=isch&um=1&itbs=1


BB Corretora

Brokerage

Brasilcap

Premium Bonds

100% Total

BB Seguros BB Cor

BB Mapfre SH1

Life, Rural

Mapfre BB SH2

P&C

Brasilprev

Pension Plans

Free Float (Post IPO)

74.9% BB Seguridade Economic Stake (%)

49.9%

50%

100% Total

50.0%

49.0%

50%

74.9%

49.9%

50%

66.7%

49.9%

67%

100%

100% BB Seguridade Voting Stake (%)

Board of Directors Representation (%)

66.25% 33.75%

Estrutura Acionária - Parcerias

IRB –Brasil Re

Reinsurance

Brasildental

Dental Insurance

20.4%

20.4%

20%

74.9%

49.9%

50%

Ownership Structure


ESTRUTURA ORGANIZACIONAL BB SEGURIDADE

CEO Marcelo Augusto Dutra Labuto

Chief Financial Officer

Werner Romera Suffert

Chief Corporate Governance Officer

Antonio Rugero Guibo

Chief Business Development Officer

Ângela Beatriz de Assis

Executive Board

Board of Directors

General Meeting

Fiscal Council

Audit Commitee

Internal Structure

Related-Party Committee

Internal Audit


Foreign Investors

72.4%

Institutional 22.8%

Individuals4.8%

Shareholders Structure

FREE-FLOAT BREAKDOWN – MAR/2015 TOTAL OF STOCKS - MAR/2015

Banco do Brasil66.3%

Free-float33.8%


ADR Program

In 2014, BB Seguridade established a sponsored Level I American Depositary Receipt (ADR) program.

Ticker: BBSEY

Structure: Level I ADR

Exchange: Over-the-counter (OTC) market

Ratio (ADR:ORD): 1 ADR : 1 ORD

DR ISIN: US05541J1034

CUSIP: 05541J103

Depositary Bank: Deutsche Bank Trust Company Americas

Custodian Bank: Banco do Brasil S.A.


Corporate Governance

Only common shares

100% tag along

80% payout (semi annual dividends)

Stocks

Related-party Comittee

Board of Executive Officers:

Board of Directors:

Two members appointed by Banco do Brasil from its Board of Executive Officers

One appointed by the Ministry of Planning, Budget and Management and the other by the Ministry of Treasury

One member appointed by the minority shareholders

The CEO of BB Seguridade

Four members:

Elected among the active employees of Banco do Brasil

Remuneration policy: fixed monthly wage plus variable portion between six and twelve monthly wages. The variable portion is paid as 50% in cash and 50% in stocks with vesting period of 4 years.

Three members:

One is the independent member appointed by the minority shareholders

The independent member has veto power

Six members:


Board of Executive Officers

Corporate Governance – Affiliates

Board of Directors

SH1 Life

SH2 P&C

Brasilprev Pension Plans

Brasilcap Premium

Bonds

16 members

8 appointments

8 appointments

Companhia de Seguros

Aliança do Brasil

6 appointments

6 appointments

Mapfre Vida S.A Vida Seguradora S.A

16 members

8 appointments

8 appointments

Aliança do Brasil

Seguros S.A

6 appointments

6 appointments

BB Mapfre Assistência

2 Appointments

2 appointments

Brasilveículos

6 appointments

6 appointments

16 members

8 appointments

8 appointments

3 appointments

3 appointments

12 members

8 appointments

2 appointments

2 appointments

4 appointments

Mapfre Affinity

Seguradora S.A

6 appointments

6 appointments

Mapfre Seguros Gerais

S.A

6 appointments

6 appointments

Broker

3 members

3 appointments

10 members

2 appointments

IRB-RE Reinsurance

6 appointments

6 appointments

6 appointments

6 appointments

4 members

2 appointments

2 appointments

Brasildental Dental Insurance

3 members

1 appointment

1 appointment

Consensus 1 appointment



Scope of the Related-Party Committee

Captive access to Banco do Brasil’s network

20-year term

No termination clause

Signed in January 2013

Arm’s length

Brasilprev SH1 SH2 Brasilcap

Products sold through BB Corretora

Remuneration: fixed percentage of policies, varying according to product type

Shareholder agreements: 23-year term for PFG, 20-year term for Mapfre and without a defined term for Icatu / Aliança da Bahia

Related-party

Any proposal for changes in the agreements must be examined by the Related-party Committee and the independent member has a veto power


Backed by Banco do Brasil Expertise from Private Partners

Solidity, tradition, security and reliability

Safe harbor, especially for long term products

Flight to quality and less susceptible to market conditions

Brand awareness

Fast decision making

BB Seguridade operates in an arm’s length format

Monitors the developments of any potential conflicts between BB

and BB Seguridade

Improves corporate governance

Minimum voting stake of 50.1%

BB also plays an active role in its operational companies’ governance

Backed by Banco do Brasil with Expertise of Private Partnerships



Bank Channel

BB Seguridade strategy focuses on bancassurance with its own broker, taking advantage of the captive access to Banco do Brasil distribution network.

Low complexity business model

Low capital needs

No underwriting risk

Own Brokerage

Competitive Advantage

Distribution Channel

Non-banking Channel

133 Partnerships (Affinity)

21,501 External Brokers

62.0 Million clients

5,544 Branches

65,834 ATMs

14,474 Banking Correspondents

35,080 Points of service in shared network

1º

Captive access to larger distribution network in Latin America


81.8%

68.4%

27.6%

Strong Financial Performance

ROE 1Q15 (%)

Source: Companies and Susep

INSURANCE COMPANIES ASSOCIATED WITH BANKS

TRADITIONAL INSURANCE COMPANIES

Brokerage participation

BROKERS

31.5%

22.6%

17.9%16.3%

10.6%8.6% 7.8%

1.1%

Macroeconomic Environment


Global Macroeconomic Data

1. Source: World Bank - forecast as of January, 2015 2. Source: Focus - forecasts as of April 30, 2015

2013 2014 2015E 2016E 2017E

World Economy - GDP Growth¹

World 2.4% 2.6% 3.0% 3.3% 3.2%

USA 1.9% 2.4% 3.2% 3.0% 2.4%

Euro Zone -0.4% 0.8% 1.1% 1.6% 1.6%

China 7.7% 7.4% 7.1% 7.0% 6.9%

Brazilian Economy²

GDP Growth - Brazil 2.5% 0.1% -1.2% 1.0% 2.0%

SELIC (ends of period) 8.2% 10.9% 13.5% 11.5% 10.6%

SELIC (year avarage ) na na 13.2% 12.0% 11.0%

Inflation (IPCA) 5.9% 6.4% 8.3% 5.6% 5.0%

Inflation (IGP-M) 5.5% 3.7% 7.1% 5.5% 5.2%

Dollar (quotation in R$) 2.34 2.66 3.20 3.30 3.33


98.993.6

87.378.9

68.1

56.9

38.3

UnitedKingdom

United States Italy China Brazil Venezuela Colombia

5,5445,032

4,661

3,342

2,253

Bancassurance

BRANCHES IN BRAZIL

BANCASSURANCE RATIO (%) POPULATION WITH CHECKING ACCOUNT¹ (%)

BANCASSURANCE IN INSURANCE DISTRIBUTION (%)

Source: World Bank 1. Data as of 2014

Source: SUSEP

Source: Febraban

Source: Companies 2. Caixa: data as of 2014

15.2 19.3 21.4 24.5 27.2

21.222.1 21.4 20.6 19.8

14.715.4 16.9 14.3 12.65.65.5 4.9 5.0 4.96.45.4 4.7 4.8 4.5

36.8 32.3 30.7 30.8 31.0

63.2%67.7% 69.3% 69.2% 69.0%

2010 2011 2012 2013 2014Banco do Brasil Bradesco Itaú

Caixa Santander Others

Market share

51.0 53.0 55.0 57.060.0

2010 2011 2012 2013 2014

2


14.5

12.711.7

3.2

7.58.8 8.8 8.7

6.95.7

6.45.5

3.2 3.12.5 2.5

0.5

3.1

0.7 0.11.6

1.0

3.1

2.7

1.5

9.4

4.42.8 2.3 2.0

2.9

3.2 2.3

2.2

4.33.6

2.81.7

3.5

0.8

2.93.5

1.4

1.2

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Fin

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Den

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Fran

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Por

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Ger

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Sp

ain

Ch

ile

Bra

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Indi

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Arg

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Me

xico

Global Insurance Industry

Insurance market presents low penetration level in Brazil

Insurance premiums1 / GDP (%, 2013)

Source: SUSEP and Swiss Re – Sigma 03/2014

1. Excluding businesses abroad

#38

Life Insurance Premium / GDP Non-Life Insurance Premium / GDP

#60

In Total Insurance

In Life Insurance


53.4

61.6

69.8

82.7

89.2

2010 2011 2012 2013 2014

INSURANCE PREMIUM EVOLUTION (YEARLY - R$ BN)

Insurance Industry in Brazil

Source: SUSEP

INSURANCE PREMIUM EVOLUTION (MONTHLY - R$ BN)

4.5

5.5

6.5

7.5

8.5

Jan Fev Mar Abr Mar Jun Jul Ago Set Out Nov Dez

2012 2013 2014 2015


156%

112%118%

108%

101%

84%

64% 62%

55%

40%

23%

15%

7%

170%

122%

131%

113%

105%

80%

67% 65%59%

41%

21%

14%

6%

Net

her

lan

ds

Swit

zerl

and

UK

US

Au

stra

lia

Can

adá

Sou

th A

fric

a

Jap

an

Ire

lan

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Ho

ng

Ko

ng

Bra

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Ge

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ny

Fran

ce

2012 2013

Global Macroeconomic Scenario – Pension Plans

Pension market is growing in Brazil due to the life expectation increase

Pension Assets/GDP (%) 2

# 9

Source: Towers Watson 1. Brazil Pension Assets were recalculated based on Abrapp and FENAPREVI data to include opened and closed entities 2. Assets/GDP ratio for the world is calculated in USD and assets were estimated as of 31 Dec 2013

In assets


45.8

53.4

70.373.9

83.5

2010 2011 2012 2013 2014

Pension Plans Industry in Brazil

REVENUES (MONTHLY - R$ BN) CONTRIBUTIONS (YEARLY - R$ BN)

Source: SUSEP

2.5

4.0

5.5

7.0

8.5

10.0

11.5

Jan Fev Mar Abr Mar Jun Jul Ago Set Out Nov Dez

2012 2013 2014 2015

Performance


Largest Insurance Broker in Latin America

Exclusive access to Banco do Brasil’s unique distribution network

Leading Presence in both, reserves and net inflows of Pension Plans

Insurance Operations, Pension Plans and Premium Bonds managed through private partnerships with global leaders

Fast Growing with High Profitability

Net income grew 46.3% yoy achieving a ROAE¹ of 63.7% in 1Q15

BB Seguridade at a Glance

130 employees at the holding and broker level, and

7,211 employees at the affiliates level.

1. ROAE, considering the total distribution of dividends

One of the Largest Insurance, Pension and Premium Bonds Companies in Latin America

R$ 3.7 billion in premiums written, R$ 8.5 billion in pension contributions and R$ 1.3 billion in premium bonds in 1Q15

2nd Largest P&C Insurance Company in Brazil

2.9 million insured vehicles and R$ 2.1 billion in premiums written in 1Q15


BB SeguridadeMercado (ex-

Brasilprev)Mercado

SH1 - Premiums Written

Life¹ 9.1% 2.4% 3.6%

Rural -33.3% 35.8% -14.4%

Mortgage Life 5.2% 24.1% 22.7%

TOTAL² -1.2% 5.3% 4.0%

SH2 - Premiums Written

Vehicles 8.5% 7.8% 7.9%

Casualties 10.3% 5.7% 6.4%

TOTAL² 9.2% 7.0% 7.3%

BRASILPREV

Contributions 67.3% 29.2% 42.1%

Net Inflows 116.0% 2113.4% 220.0%

BRASILCAP

Collections 1.3% -3.6% -2.3%

TOTAL

Premiums, contributions and collections 35.2% 12.1% 17.5%

BB Seguridade and Market (1Q14 vs. 1Q15)

BB Seguridade Market (ex-

BB Seguridade

Source: SUSEP and Company 1 – Item “Life” includes the segments life and credit life 2 – Excluding the segment “Other” (Affinity, DPVAT and others)

Market Segments

1º

1º

1º


610

402

50

354

451

Leadership positions in all targeted segments

Source: SUSEP and Companies 1. Premiums written; 2. Contributions; 3. Considering Life, Rural, Property and Casualty

Market Share (1Q15)

LIFE INSURANCE¹ PENSION PLANS²

INSURANCE BROKERAGE (R$ MM)

1o

INSURANCE – CONSOLIDATED¹,3

1º

1º

Market Leadership

Net Income Net Income Net Income Revenues Revenues Revenues

19.9%

14.6%13.5% 12.7%

6.0%

40.2%

24.0%19.4%

5.6% 4.5%

15.4%

12.3%9.9%

7.3% 6.8%


SH126.4%

SH26.6%

Brasilprev20.1%

Brasilcap6.4%

BB Corretora39.2%

IRB1.3%

SH130.7%

SH25.2%

Brasilprev17.2%

Brasilcap7.3%

BB Corretora37.0%

IRB2.7%

9,954

15,707

12,463

15,872

13,457

1Q14 2Q14 3Q14 4Q14 1Q15

649

845 822906 949

47.1%

61.9%58.1%

62.3% 63.7%

1Q14 2Q14 3Q14 4Q14 1Q15Net Income (R$ MM) ROAE

1Q15²

BB Seguridade Performance

PREMIUMS, CONTRIBUTIONS AND COLLECTIONS1 (R$ MM) BREAKDOWN OF PREMIUMS, CONTRIBUTIONS AND COLLECTIONS¹

PROFITABILITY EARNINGS BREAKDOWN

1Q14 1Q15 QoQ: - 15%

YoY: + 35%

QoQ: + 5%

YoY: + 46%

1. Premiums written, pension plans contributions and premium bonds collections

1Q14²

2. Excluding the results related to Brasildental and Holding’s revenues and expenses

SH115.6%

SH220.4%

Brasilprev50.9%

Brasilcap13.1%

SH111.5%

SH215.8%

Brasilprev63.0%

Brasilcap9.8%


13.5013.39

13.2313.13

12.99

12.96 12.9112.75

12.6112.4312.08

12.4612.66

12.72

12.77

11.64

12.28

12.88

DI1F16 DI1F17 DI1F18 DI1F19 DI1F20

26.8 26.524.5

28.831.2

1Q14 2Q14 3Q14 4Q14 1Q15

49 56 56 6086

2637 28 36

4952

47 5060

74

27

4029

36

50

7

1818

34

18

13

2719

35

19

174224

202

261

296

1Q14 2Q14 3Q14 4Q14 1Q15

SH1 SH2 Brasilprev Brasilcap IRB Others¹

Net Investment Income

NET INVESTMENT INCOME (R$ MM)

FORWARD YIELD CURVE (%) SELIC RATE (%)

CONTRIBUTION OF NET INVESTMENT INCOME IN THE EARNINGS (%)

Source: Focus - Bacen do Brasil Source: ValorPro

1 - BB Corretora + Holdings

QoQ: + 13%

YoY: + 70%

QoQ: + 2.4 p.p.

YoY: + 4.4 p.p.

10.75 11.00 11.0011.75

12.75

Mar/14 Jun/14 Sep/14 Dec/14 Mar/15

Mar/15

Dec/14

Mar/14

Dec/13


Life49.4%

Credit Life24.6%

Mortgage Life2.5%

Rural16.7%

DPVAT6.8%

Life48.9%

Credit Life29.1%

Mortgage Life2.9%

Rural12.3%

DPVAT6.8%

104 109 109122

178

1Q14 2Q14 3Q14 4Q14 1Q15

230

337363 367

392

34.2%

50.2%56.0% 55.0% 57.3%

1Q14 2Q14 3Q14 4Q14 1Q15

Net Income (R$ MM) ROAE

1,440

1,885

1,453

2,126

1,481

1Q14 2Q14 3Q14 4Q14 1Q15

BB Mapfre SH1

BREAKDOWN OF RETAINED PREMIUMS RETAINED PREMIUMS¹ (R$ MM)

NET INVESTMENT INCOME (R$ MM) PROFITABILITY

1Q14

QoQ: - 30%

YoY: + 3%

QoQ: + 46%

YoY: + 72%

QoQ: + 7%

YoY: + 70%

1Q15

1 – Net of premiums ceded to reinsurance


78.971.0 71.0 69.8 69.7

1Q14 2Q14 3Q14 4Q14 1Q15

15.013.3 13.3

19.3

10.6

1Q14 2Q14 3Q14 4Q14 1Q15

26.6 26.4 26.1 26.0 26.5

1Q14 2Q14 3Q14 4Q14 1Q15

37.5

31.5 31.7

24.6

32.8

1Q14 2Q14 3Q14 4Q14 1Q15

BB Mapfre SH1 – Performance Ratios ¹

COMBINED RATIO (%) G&A RATIO (%)

LOSS RATIO (%) COMISSION RATIO (%)

QoQ: + 8.2 p.p. YoY: - 4.7 p.p.

QoQ: + 0.5 p.p.

YoY: - 0.1 p.p.

QoQ: - 8.7 p.p. YoY: - 4.4 p.p.

QoQ: - 0.1 p.p. YoY: - 9.2 p.p.

1 – Adjusted ratios prepared distributing the line “result with reinsurance” among the other lines from the income statement


Auto62.6%

Casualties24.7%

Other6.0%

DPVAT6.7%

Auto59.8%

Casualties23.1%

Other9.9%

DPVAT7.1%

86

10992

100

158

1Q14 2Q14 3Q14 4Q14 1Q15

1,7621,898

2,019 1,9701,824

1Q14 2Q14 3Q14 4Q14 1Q15

86

46

71 71

99

12.6%6.5% 9.8% 9.6%

13.2%

1Q14 2Q14 3Q14 4Q14 1Q15


Mapfre BB SH2

BREAKDOWN OF RETAINED PREMIUMS RETAINED PREMIUMS¹ (R$ MM)

PROFITABILITY

1Q14

QoQ: + 58%

YoY: + 85%

QoQ: + 38%

YoY: + 15%


1Q15

1 – Net of premiums ceded to reinsurance

QoQ: - 7%

YoY: + 4%


55.760.0 56.2 57.6 59.5

1Q14 2Q14 3Q14 4Q14 1Q15

Mapfre BB SH2 – Performance Ratios¹

LOSS RATIO (%) COMISSION RATIO (%)

G & A RATIO (%) COMBINED RATIO (%)

QoQ: + 1.9 p.p.

YoY: + 3.8 p.p.

1 – Adjusted ratios prepared distributing the line “result with reinsurance” among the other lines from the income statement 2 – The adjustments segregate the effects of the reclassification of expenses with sales representatives, from “acquisitions costs” to “other operating income (expenses) in force since 3Q14, and the reversal of provision for loan losses amounting to R$ 20.9 million in 1Q14.

23.4 22.4 22.323.6

20.623.4 22.4

23.925.1

22.0

1Q14 2Q14 3Q14 4Q14 1Q15

Comisssion ratio Adjusted²

17.019.1 19.3

17.819.5

18.2 19.117.7

16.318.0

1Q14 2Q14 3Q14 4Q14 1Q15G&A ratio Adjusted²

96.1

1.2

97.3 101.5 97.8 98.9 99.4

1Q14 2Q14 3Q14 4Q14 1Q15

Combined ratio Adjusted²


175 166186

201220

59.9%54.5%

58.7%54.8% 52.7%

1Q14 2Q14 3Q14 4Q14 1Q15


268287

333 347 345

1Q14 2Q14 3Q14 4Q14 1Q15

8897

103112

120

Mar/14 Jun/14 Sep/14 Dec/14 Mar/15

Brasilprev

CONTRIBUTIONS (R$ MM) RESERVES (R$ BI)

MANAGEMENT FEE (R$ MM) PROFITABILITY

QoQ: + 9%

YoY: + 26%

QoQ: - 1%

YoY: + 28%

QoQ: + 8%

YoY: + 37%

5,064

9,349

7,152

9,4668,474

10.6%

8.9% 9.1% 9.3% 9.0%

1Q14 2Q14 3Q14 4Q14 1Q15Contributions Redemptions ratio

QoQ: - 10%

YoY: + 67%


Brasilprev94.8%

Industry (ex-Brasilprev)

5.2%

Brasilprev64.0%

Industry (ex-Bras ilprev)

36.0%

2,519

7,008

4,357

6,635

5,441

1Q14 2Q14 3Q14 4Q14 1Q15

1Q15

Source: Fenaprevi

Brasilprev vs. Market

NET INFLOW (R$ MM) MARKET SHARE – NET INFLOW

1Q14

Source: Quantum Axis

MARKET SHARE ASSET UNDER MANAGEMENT | P/VGBL

QoQ: - 18%

YoY: + 116%

18.4%

20.9%

23.2%26.4%

27.2%

30.3%

29.2% 28.9%27.6%

27.0%25.6%

26.4%25.5%

24.8%

24.8%

2011 2012 2013 2014 Mar/15

Brasilprev Competitor A Competitor B


Unique Payment

59.5%

Montlhy Payment

40.5%

Unique Payment

43.2%Montlhy Payment

56.8%

63

8974

98 105

129.2%

171.0%

116.4%

148.7% 149.3%

1Q14 2Q14 3Q14 4Q14 1Q15


66

100

7387

124

1Q14 2Q14 3Q14 4Q14 1Q15

1,303

1,960

1,396

2,028

1,321

1Q14 2Q14 3Q14 4Q14 1Q15

Brasilcap

PREMIUM BONDS COLLECTION (R$ MM)


BREAKDOWN OF COLLECTION

PROFITABILITY

1Q14 QoQ: - 35%

YoY: + 1%

QoQ: + 7%

YoY: + 67%

1Q15

QoQ: + 44%

YoY: + 88%


SH155.7%

SH216.6%

Brasilprev13.5%

Brasilcap13.8%

Other0.3%

SH154.6%

SH213.5%

Brasilprev17.8%

Brasilcap13.9%

Other0.2%

52.6 56.1 56.7 57.4 58.1

1Q14 2Q14 3Q14 4Q14 1Q15

256

342319

372 354

1Q14 2Q14 3Q14 4Q14 1Q15

488

610563

648610

1Q14 2Q14 3Q14 4Q14 1Q15

BB Corretora

INCOME BROKERAGE (R$ MM)

NET INCOME (R$ MM)

BREAKDOWN OF INCOME BROKERAGE

NET MARGIN (%)

1Q14 QoQ: - 6%

YoY: + 25%

QoQ: - 5%

YoY: + 38%

QoQ: + 0.7 p.p.

YoY: + 5.5 p.p.

1Q15


Guidance 2015

BB Seguridade - Adjusted Net Income¹ 12% - 21% 46.3%

Premiums written growth - BB Mapfre SH1 15% - 21% -0.9%

Reserves P/VGBL - Brasilprev 27% - 36% 40.8%

Ratio 2015

Estimates 1Q15

1 – Growth range equivalent to net income estimated in Guidance 2015


Appendix


1,556

2,148

1,553

2,175

1,542

1Q14 2Q14 3Q14 4Q14 1Q15

BB Mapfre SH1

PREMIUMS WRITTEN (R$ MM) BREAKDOWN OF PREMIUMS WRITTEN

1Q14 1Q15 QoQ: - 29%

YoY: - 1%

EXPANDED COMBINED RATIO¹ (%)

QoQ: - 2.5 p.p.

YoY: - 11.0 p.p.

Life45.6%

Credit Life22.8%

Mortgage Life2.9% Rural

22.5%DPVAT6.3%

Life47.3%

Credit Life28.0%

Mortgage Life3.0%

Rural15.1% DPVAT

6.5%

73.165.8 66.1 64.6 62.1

1Q14 2Q14 3Q14 4Q14 1Q151 – Adjusted ratio prepared distributing the line “result with reinsurance” among the other lines from the income statement


2,0302,250 2,363

2,203 2,121

1Q14 2Q14 3Q14 4Q14 1Q15

Mapfre BB SH2

PREMIUMS WRITTEN (R$ MM)

EXPANDED COMBINED RATIO¹ (%)

BREAKDOWN OF PREMIUMS WRITTEN

1Q14 1Q15 QoQ: - 4%

YoY: + 4%

QoQ: - 1.9 p.p.

YoY: + 0.1 p.p.

1 – Adjusted ratio prepared distributing the line “result with reinsurance” among the other lines from the income statement

Auto51.9%

Casualties33.3%

Other8.6%

DPVAT6.2%

Auto53.9%Casualties

35.1%

Other5.2%

DPVAT5.8%

91.7 95.5 93.0 93.7 91.8

1Q14 2Q14 3Q14 4Q14 1Q15

Portfolio of Products


Our Products – SH1 Insurances

Definition: term life insurance without accumulation.

Coverage: in case of death, permanent disability or severe disease during the term, the benefit will be paid to the insured or his beneficiary.

Life

Definition: encompasses a group of three main products: crop insurance, rural lien insurance and credit life insurance to farmers.

Coverage: (i) Crop: any weather hazards and falling in the market prices of the crop; (ii) Lien: damage caused to the property, directly related to agricultural activities, which is provided as collateral of a rural loan; (iii) Credit life: in case of death of the insured the insurance company will prepay the rural loan.

Rural

Definition: insurance related to mortgage loans.

Coverage: in case of death or permanent disability the remaining balance of the loan will be prepaid. This product also protects the home of the insured from physical damage.

Mortgage Life

Credit Life Definition: insurance that guarantee the payment of loans.

Coverage: in case of death the insured loan will be prepaid and his relatives will not inherit the debt.


Our Products – SH2 Insurances

Definition: A mandatory insurance related to accidents caused by vehicles in Brazil.

Coverage: Covers personal injury caused by vehicles to passengers, drivers or pedestrians.

DPVAT

Definition: insurance sold to individuals or companies that provides protection

to vehicles.

Coverage: is an insurance policy designed to provide protection for vehicles against theft, physical damage and/or bodily injury resulting from traffic colli-sions, besides other assistances provided to the policy holder for their daily lives.

Auto

Definition: is a type of insurance sold to individuals and companies that provides protection against risks to properties linked or not to loans.

Coverage: the main coverage is for damages to the home of individuals, and the assets of companies such as machinery and other properties.

P&C


Our Products - BrasilPrev

Defined remuneration Guarantees a minimum yield composed of either inflation +6% or TR + 6%.

** No longer sold

Traditional Plan

Pension Plan designed for people who declare income taxes in the complete

form as contributions are deductible up to a limit of 12% of the clients taxable income.

PGBL

Pension Plan designed for people who declare income taxes in the simplified format or is exempt.

Focus on succession. Much lower inheritance costs (does not have either legal or tax costs) Less time consuming (beneficiary receives it in less than 30 days)

VGBL


Our Products - BrasilCap

Premium Bonds

Premium bonds products are an alternative way to accumulate reserves, with maturity and interest rates previously determined, allowing the bond holder to be entitled to participate in lottery. The award occurs through periodic drawings, being most frequent the usage of a combination of numbers in a pre-determined series, based on the Brazilian Lottery.

Chances of Contemplation

Ourocap From 1 in 10,000 to 1 in 1,000,000

Official Lottery 1 in 50,063,860


IR BB Seguridade

Contacts

Investor Relations Rua Manoel da Nóbrega, 1280 – 9º floor

04001-004 – São Paulo (SP) Telephone: +55 11 2105-8444

Fax: +55 11 2105-8499

www.bancodobrasilseguridade.com.br [email protected]

mailto:[email protected]

Documents

Apresentação do PowerPoint · 8.8 8.8 8.7 6.9 5.7 6.4 5.5 3.2 3.1 2.5 2.5 0.5 3.1 0.7 0.1 1.6 1.0 3.1 2.7 1.5 9.4 4.4 2.8 2.3 2.0 2.9 3.2 2.3 2.2 4.3 3.6 2.8 1.7 3.5 0.8 2.9 3.5