trending Market Intelligence /marketintelligence/en/news-insights/trending/gRGYyhBoS7fvjymQyw3u-g2 content esgSubNav
In This List

IRB-Brasil approves 3-for-1 stock split

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


IRB-Brasil approves 3-for-1 stock split

IRB-Brasil Resseguros SA said it approved a 3-for-1 stock split that will increase the company's common share count to 936,000,000 from 312,000,000.

The Brazilian reinsurer's shares will be traded "ex-split" as of Sept. 26, while new shares resulting from the split will be credited to shareholders on Sept. 30.

The new shares will carry the same rights as existing common shares, including for any dividends and interest IRB-Brasil pays.

The stock split follows a secondary offering in July in which Banco do Brasil SA and Brazil's federal government sold a total of 83,978,450 IRB-Brasil shares.