March 25, 2023

Adjusted profit decreased by 56.1% in Q4 2022 to R$ 161.4 million – Money Times

Liquidation: Hapvida (HAPV3) excluded the impact of a long-term incentive plan and stock options from adjusted earnings (Image: Reproduction/Hapvida)

a adjusted net income from havida (HAPV3) In the the fourth chapter 161.4 million Brazilian reals. The figure represents a decrease of 56.1% from the same period in the previous year. When considering the result without modification, the health insurance From a profit of R$200.2m, 12 months ago, to a net loss of R$316.7m in the fourth quarter of 22.

According to the release accompanying the results, adjusted earnings exclude effects Long Term Incentives (ILP) And trampled stock options (SOP)As well as extinguishing trademarks, patents and client portfolio.

Hapvida (HAPV3) increases net revenue

Consolidated net revenue for the fourth quarter of 2022 grew by 150.2%, from R$2.6 billion to R$6.5 billion. Adjusted EBITDA, an important cash generation reference, increased 52% to R$598.7 million. For the sake of modification, Hapvida has removed ILP and SOP effects.

The total claims rate, which indicates a company’s total payments combined with actions of its policyholders, increased 9.7 percentage points from a year earlier, ending December at 79.8%.

See HapVida’s Q4 ’22 earnings release, released on Tuesday (28).