BB Seguridade Participações S.A. (OTCPK:BBSEY) Q1 2025 Earnings Conference Call May 6, 2025 1:00 PM ET
Company Participants
Andre Haui – Chief Executive Officer
Rafael Sperendio – Chief Financial Officer
Conference Call Participants
Kaio Prato – UBS
Daniel Vaz – Safra
Tiago Binsfeld – Goldman Sachs
Antonio Ruette – Bank of America
Pedro Leduc – Itaú BBA
Guilherme Grespan – JPMorgan
Marcelo Mizrahi – Bradesco
Eduardo Nishio – Genial Investments
Operator
Hello. Good afternoon. Welcome to our virtual conference call to present the results of the first quarter of 2025. This conference call is being recorded and has simultaneous translation into English. [Operator Instructions] As usually, we are going to divide this event in two parts.
In the first part, our CEO, Andre Haui; and our CFO, Rafael Sperendio, are going to present the main deliveries of the first three months of the year. The presentation may be downloaded at our Investor Relations website at the address www.bbseguridaderi.com.br.
Then in the second part, we are going to have a question-and-answer session when analysts and investors will be able to ask any additional questions. I’m going to give the orientation for you to participate after the presentation.
Now I would like to give the floor to Andre, who is going to share with you the main results of the quarter. Andre, hello.
Andre Haui
Good afternoon, my dear friends.
I would like to first start by thanking all the people who are following our virtual meeting about our performance in the first quarter of 2025. Our managerial profit which does not consider IFRS 17 standards reached the mark of R$2 billion, an increase of 8.3% compared to the same period last year. This performance was supported both by the growth in noninterest operating income, which was 4% higher in the period and by the 38% expansion in the
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