Caburé Insurance Group’s revenue grew 14.7 % in 2008 compared with 2007, due to the successful marketing of their business lines and products, which was operated by its subsidiaries and affiliates.
Regarding Personal Insurance, the main activity of the Group, the total Administered Capital Insured grew 9.8 % in 2008 compared to 2007, the total assets reaching R$ 14.2 billion.
The number of insured reported in 2008, registered a growth of 38 % in the range of persons between 14 and 55 years and among men aged 55 years to 65 years the growth was 21 %. In this period, the average age of the insured by Caburé Group fell from 42 years to 41 years, including all subscribed policies by guarantor risk insurers.
The Claims portfolio of Life Insurance in 2008 showed a decrease of 8.9 % compared to 2007, with an average of 18.49% in 2008 against an average of 20.55% in 2007. This result demonstrates the excellence of the Group’s portfolio, with a predominance of young adults. This ensures high solidity and expected future profitability and viability of the risks assumed.
The sum of assets owned and managed by third parties, that Caburé Group recorded in 2008, was R$15.3 billion.
The new division of Caburé Group, which oversees Real Estate Investment Management and is in its second year of operation, has more than 4,000 m² of built area on standard AAA and now manages assets of R$21.5 million. For the year 2010, it studied an audacious project in real estate, which may involve one of the greatest architects of Brazil’s history.