HSBC Holdings (0005) holds 97.9 percent of the insurance industry in Brazil subsidiary HSBC Seguros (Brasil) S. A. As at the end of last year announced annual results, net profit rose 14.9 percent to 206 million yuan (Brazilian Real. The same below) (about 106 million U.S. dollars), earned premiums rose 14.3 percent to 5. 7.8 billion yuan (about 297 million U.S. dollars).
Period, total assets increased by 38.3 percent to 6.056 billion yuan (about 3.398 billion U.S. dollars). The average rate of return on shareholders funds by 06 dropped to 34.1 percent of 25.7 percent.
Period, total assets increased by 38.3 percent to 6.056 billion yuan (about 3.398 billion U.S. dollars). The average rate of return on shareholders funds by 06 dropped to 34.1 percent of 25.7 percent.
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