SulAmerica's profit reaches R$ 107 million in the third quarter of 2012

SulAmerica's profit reaches R$ 107 million in the third quarter of 2012 PR Newswire RIO DE JANEIRO, Oct. 31, 2012 -- A combined index of 99.1% and financial income of R$ 140 million resulted in an 8.9% increase in profits this quarter RIO DE JANEIRO, Oct. 31, 2012 /PRNewswire/ -- Sul America S.A. (BM&FBovespa: SULA11), the third-biggest Brazil health operator, said third-quarter profit rose, reaching R$ 107 million, 8.9% higher than the third-quarter last year, as the company boosted revenue from premiums. The company ended the third quarter of 2012 with R$ 2.8 billion in premiums, 14.2% more than in the same quarter last year, and a 7.7% growth compared to the second quarter this year. SulAmerica's premiums increased across all business units, in particular health and dental that grew 18.4%, accounting for 68% of the company's total revenue. Auto insurance and other P&C line premiums increased 4.1% and 15.1% this quarter respectively, while life insurance increased 5.8% over this same period. The company's overall combined index reached 99.1%, 200 basis points better than in the third quarter of 2011. "Better underwriting and the continuous improvement of our risk management enabled us to deliver solid results and constant growth across all our operations.