IRB Brasil Resseguros stock gains 3.20 percent as target rises to BRL 80

Published on 10/07/2026 at 00:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

IRB Brasil Resseguros stock gained 3.20 percent to BRL 66.12 on October 6, 2026. JPMorgan lifted its target to BRL 80 after Brazil tax reform.

IRB Brasil Resseguros, BRIRBRACNOR4, Illustration mit AI erstellt.

IRB Brasil Resseguros (ISIN BRIRBRACNOR4) was last at BRL 66.12 on B3 on October 6, 2026, up 3.20 percent from BRL 64.07. The move came as JPMorgan raised its price target from BRL 68 to BRL 80, keeping an Overweight rating, according to ADVFN on October 2, 2026.

Tax reform raises the stakes

Brazil's Law 15.525 reduces the CSLL rate for local reinsurers from 15 percent to 9 percent from 2027 and changes the use of accumulated tax losses. Seu Dinheiro reported on September 29, 2026, that IRB held BRL 2.3 billion in tax credits at the end of the second quarter.

The tax change is a potential earnings lever, but JPMorgan also cut its 2026 net income estimate by 15 percent to BRL 472 million because of possible claims linked to an earthquake in Colombia, according to ADVFN on October 2, 2026.

Second-quarter loss tests recovery

IRB reported a net loss of BRL 3.26 million and a loss per share of BRL 0.04 for the second quarter of 2026, compared with earnings per share of BRL 1.30 in the second quarter of 2025, according to Simply Wall St. The comparison puts the tax benefit against a weaker recent earnings base.

MarketScreener lists a consensus Buy rating from 7 analysts and an average target of BRL 65.71, with a reported spread of 8.74 percent, in its IRB company profile. Its analyst overview also shows a 52-week price range that ends at BRL 66.72, placing the October 6 price BRL 0.60 below that high.

Stock approaches yearly high

IRB Brasil Resseguros was last at BRL 66.12 on October 6, 2026, with a session range of BRL 63.49 to BRL 66.72. Its market capitalization was BRL 5.4 billion and trading volume was 1,713,900 shares on the same session.