Caixa Seguridade (CXSE3) has a 14.1% rise in premiums written in June

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Caixa Seguridade (CXSE3) released this Tuesday (26) its operational preview for the month of June 2022, with an increase of 14.1% in the issuance of premiums in the residential insurance segment compared to the same month of 2021, reaching R $70.2 million.

According to the insurance company, the performance is the result of commercial actions and the increase in the cross-selling of the product in real estate credit.

The issuance of premiums in the credit life sector was in line with the same period last year. Despite the retraction in the contracting of credit, the product showed an increase in cross-selling in Payroll Loans and Corporate Credit.

The company also highlights the gradual growth in contracting rural credit, which reached the amount of R$ 29.5 million in the month, “demonstrating the improvement in the use of contracting opportunities”.

Life insurance also remained at the same level as in Jun/21, however, with a 4.5% growth in accumulated premiums compared to the same period of the previous year.

The premium bonds segment stands out in June with a collection of BRL 157.1 million, the highest monthly amount in Caixa Seguridade’s history, which represents a growth of 52.3% compared to June 2021 and 13.2% compared to to May 2022.

According to a statement, sales in the monthly payment modality continue to be prioritized and showed a growth of 24.1 pp (percentage points) in the composition of sales compared to the same month of 2021.

In June of this year, the Pensions branch showed a growth of 22.7% in reserves compared to the same month of 2021, maintaining a monthly growth above R$ 2.0 billion.

In the month, monthly contributions were higher than the average of the 1st quarter, consolidating the growth of the product, which results in a growth of 12.7% in accumulated contributions compared to the previous year.

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