Brasília – Brazil’s private health insurance sector records a historic net profit of BRL 24.4 billion in 2025, driven by premium increases above medical cost growth and strong financial returns in a high-interest environment. The results, released by the National Supplementary Health Agency (ANS), highlight improved margins and reduced claims ratios across the industry.

Despite the overall positive performance, smaller operators face significant financial pressure, with around 45% reporting losses, reflecting structural disparities in the sector. Large insurers concentrate most of the profits, while rising costs, judicialization, and operational challenges continue to weigh on medium and small companies, raising concerns about long-term market sustainability and competition.

Source: Valor Econômico