IRB-Brasil Resseguros S.A. (IRBR3) - Net Assets
Based on the latest financial reports, IRB-Brasil Resseguros S.A. (IRBR3) has net assets worth R$5.28 Billion BRL (≈ $1.04 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (R$15.64 Billion ≈ $3.07 Billion USD) and total liabilities (R$10.36 Billion ≈ $2.03 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check IRBR3 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | R$5.28 Billion |
| % of Total Assets | 33.77% |
| Annual Growth Rate | 5.87% |
| 5-Year Change | 43.27% |
| 10-Year Change | 58.72% |
| Growth Volatility | 93.61 |
IRB-Brasil Resseguros S.A. - Net Assets Trend (2009–2025)
This chart illustrates how IRB-Brasil Resseguros S.A.'s net assets have evolved over time, based on quarterly financial data. Also explore IRB-Brasil Resseguros S.A. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for IRB-Brasil Resseguros S.A. (2009–2025)
The table below shows the annual net assets of IRB-Brasil Resseguros S.A. from 2009 to 2025. For live valuation and market cap data, see IRBR3 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | R$5.28 Billion ≈ $1.04 Billion |
+7.24% |
| 2024-12-31 | R$4.93 Billion ≈ $966.58 Million |
+15.71% |
| 2023-12-31 | R$4.26 Billion ≈ $835.38 Million |
-1.94% |
| 2022-12-31 | R$4.34 Billion ≈ $851.87 Million |
+17.75% |
| 2021-12-31 | R$3.69 Billion ≈ $723.49 Million |
-16.48% |
| 2020-12-31 | R$4.41 Billion ≈ $866.26 Million |
+11.90% |
| 2019-12-31 | R$3.95 Billion ≈ $774.11 Million |
-1.39% |
| 2018-12-31 | R$4.00 Billion ≈ $785.03 Million |
+11.72% |
| 2017-12-31 | R$3.58 Billion ≈ $702.69 Million |
+7.60% |
| 2016-12-31 | R$3.33 Billion ≈ $653.06 Million |
+4.84% |
| 2015-12-31 | R$3.17 Billion ≈ $622.91 Million |
+7.47% |
| 2014-12-31 | R$2.95 Billion ≈ $579.61 Million |
-75.47% |
| 2013-12-31 | R$12.04 Billion ≈ $2.36 Billion |
+377.24% |
| 2012-12-31 | R$2.52 Billion ≈ $495.12 Million |
+3.91% |
| 2011-12-31 | R$2.43 Billion ≈ $476.48 Million |
+7.74% |
| 2010-12-31 | R$2.25 Billion ≈ $442.26 Million |
+6.29% |
| 2009-12-31 | R$2.12 Billion ≈ $416.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to IRB-Brasil Resseguros S.A.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 52.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | R$507.28 Million | 9.60% |
| Common Stock | R$5.38 Billion | 101.83% |
| Total Equity | R$5.28 Billion | 100.00% |
IRB-Brasil Resseguros S.A. Competitors by Market Cap
The table below lists competitors of IRB-Brasil Resseguros S.A. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Weiguang Biological Products Co Ltd
SHE:002880
|
$855.59 Million |
|
Shandong Longhua New Material Co. Ltd.
SHE:301149
|
$856.38 Million |
|
Gryphon Capital Income Trust
AU:GCI
|
$856.52 Million |
|
Bangkok Life Assurance Public Company Limited
F:XBLA
|
$856.58 Million |
|
Teekay Corporation
NYSE:TK
|
$855.25 Million |
|
Hangzhou Heshun Technology Co.LTD.
SHE:301237
|
$855.04 Million |
|
Bowhead Specialty Holdings Inc.
NYSE:BOW
|
$854.93 Million |
|
Isgec Heavy Engineering Limited
NSE:ISGEC
|
$854.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IRB-Brasil Resseguros S.A.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,926,059,000 to 5,282,690,000, a change of 356,631,000 (7.2%).
- Net income of 390,945,000 contributed positively to equity growth.
- Share repurchases of 11,694,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | R$390.94 Million | +7.4% |
| Share Repurchases | R$11.69 Million | -0.22% |
| Other Changes | R$-22.62 Million | -0.43% |
| Total Change | R$- | 7.24% |
Book Value vs Market Value Analysis
This analysis compares IRB-Brasil Resseguros S.A.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.61x to 0.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | R$87.17 | R$53.27 | x |
| 2014-12-31 | R$72.90 | R$53.27 | x |
| 2015-12-31 | R$78.34 | R$53.27 | x |
| 2016-12-31 | R$82.14 | R$53.27 | x |
| 2017-12-31 | R$88.46 | R$53.27 | x |
| 2018-12-31 | R$98.82 | R$53.27 | x |
| 2019-12-31 | R$105.45 | R$53.27 | x |
| 2020-12-31 | R$87.54 | R$53.27 | x |
| 2021-12-31 | R$73.11 | R$53.27 | x |
| 2022-12-31 | R$103.76 | R$53.27 | x |
| 2023-12-31 | R$52.02 | R$53.27 | x |
| 2024-12-31 | R$60.19 | R$53.27 | x |
| 2025-12-31 | R$64.72 | R$53.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IRB-Brasil Resseguros S.A. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 66.30%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 2.96x
- Recent ROE (7.40%) is below the historical average (9.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.07% | 7.54% | 0.38x | 4.55x | R$81.88 Million |
| 2014 | 20.36% | 23.21% | 0.21x | 4.28x | R$306.15 Million |
| 2015 | 24.06% | 24.17% | 0.22x | 4.53x | R$446.26 Million |
| 2016 | 25.54% | 23.08% | 0.27x | 4.10x | R$517.05 Million |
| 2017 | 25.83% | 23.55% | 0.27x | 4.01x | R$566.93 Million |
| 2018 | 30.46% | 24.50% | 0.31x | 3.98x | R$818.72 Million |
| 2019 | 30.67% | 20.13% | 0.34x | 4.44x | R$815.61 Million |
| 2020 | -33.56% | -26.38% | 0.25x | 5.09x | R$-1.92 Billion |
| 2021 | -18.52% | -10.79% | 0.38x | 4.54x | R$-1.05 Billion |
| 2022 | -9.69% | 0.00% | -0.08x | 3.79x | R$-854.89 Million |
| 2023 | -2.91% | 0.00% | -0.04x | 3.64x | R$-549.59 Million |
| 2024 | 16.36% | 0.00% | -0.01x | 3.34x | R$313.13 Million |
| 2025 | 7.40% | 66.30% | 0.04x | 2.96x | R$-137.32 Million |
Industry Comparison
This section compares IRB-Brasil Resseguros S.A.'s net assets metrics with peer companies in the Insurance - Reinsurance industry.
No peer company data available for comparison.
About IRB-Brasil Resseguros S.A.
IRB-Brasil Resseguros S.A. provides reinsurance solutions in Brazil and internationally. It offers reinsurance solutions for casualty, cargo and marine, agricultural risks, property, life and health, oil and gas, financial lines, surety, and mortgage. IRB-Brasil Resseguros S.A. was incorporated in 1939 and is headquartered in Rio de Janeiro, Brazil.