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Author Topic: SulAmérica's Net Income Increases 109% to Record Level of R$ 321 Million in 2007  (Read 1079 times)

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SulAmérica's Net Income Increases 109% to Record Level of R$ 321 Million in 2007
           


SÃO PAULO, BRAZIL--(Marketwire - February 28, 2008) -  SulAmérica S.A. (BOVESPA: SULA11)
announces today its results for the fourth quarter of 2007 and for the
twelve months ending December 31, 2007. In a year which saw the successful
Initial Public Offering (IPO) of the Company, net income increased 108.5%
to a record level of R$ 321 million (increased 120.2% to R$ 339 million,
excluding non-recurring items), while the return on average equity (ROAE)
was 22.3% (23.6%, excluding non-recurring items). Total insurance premiums
reached R$ 7 billion, up 5.9% over 2006 (3.9%, excluding non-recurring
items) and up 10.6% in the fourth quarter of 2007 over the same period of
the prior year.

           

http://www.marketwire.com/mw/release.do?id=826937&sourceType=3
           
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