Capitalization raises R$ 15,07 billion in the first half of 2024
On the eve of its 95th anniversary in September, the capitalization sector has reason to celebrate. Established in the market as a versatile segment capable of reinventing itself over decades, capitalization recorded strong results in the first half of 2024. Confirming the month-on-month growth trend this year, sector revenue totaled R$ 15,07 billion from January to June, a 4,5% increase compared to the same period in 2023, according to the most recent data from the Superintendence of Private Insurance (Susep), analyzed by the National Federation of Capitalization (FenaCap).
Upon reviewing the redemptions, we found that R$ 12,03 billion was paid to society, an increase of 13,4% compared to the same period of the previous year.
Regarding lotteries, R$ 900 million was allocated, an increase of 21,6%. This means that almost R$ 13 billion was incorporated into the Brazilian economy, a considerable resource for household and business consumption. In technical reserves, the sector has already accumulated R$ 40 billion.
For individual or corporate clients, these bonds serve as a tool for financial discipline, encouraging the possibility of saving money safely, while also offering the chance to win prizes. Considered by those who make plans or choose to have a reserve to fulfill dreams and resolve unforeseen events, traditional capitalization bonds continue their upward trend: in the first six months of the year, they registered R$ 10,94 billion in revenue, followed by the Philanthropic Prize-Linked Bonds, with R$ 1,94 billion. Public confidence in this type of bond allowed for the transfer of R$ 934 million to philanthropic entities during this period, a 26,5% increase compared to 2023. With these resources being sent to institutions throughout the country, thousands of people in situations of social vulnerability can receive assistance in areas such as health and education.
The Guarantee Instrument is another modality that stood out in the months of January to June, with a result of R$ 1,6 billion. This is an option for clients who seek, for example, an alternative to the figure of the guarantor when negotiating the rental of a property or even in contracting services of all kinds, such as painting a house, for example, serving as a guarantee for its execution.
The balance sheet for January to June also presents an overview of the Capitalization performance by region of the country. The Southeast totaled revenue of R$ 8,63 billion, followed by the South, with R$ 2,80 billion; Northeast, with R$ 1,63 billion; Midwest, with R$ 1,38 billion, and North, with R$ 640 million.
According to FenaCap's president, Denis Morais, the growing performance of the capitalization sector reflects customer confidence in a credible sector that offers products catering to various consumer profiles.
“Capitalization presents itself as a solid segment, with all the necessary regulations, and which has reinvented itself over more than nine decades, bringing viable and secure solutions to the whole of society. This diversity of products and the robustness of the securities contribute to Capitalization achieving consistent results month after month, winning over more and more new consumers and contributing to the country's economy,” analyzes Morais. ( FenaCap )
