Brazil health plan operators' Q2 operational profit falls 11% as loss ratio rises

Brazilian health plan operators reported Q2 operational profit of R$ 5.6 billion, down 11% year-over-year, with net profit down 12% to R$ 10.9 billion, per ANS data. The loss ratio rose 0.76 pp to 81.91%, while revenue grew 8.37% to R$ 201.9 billion. The decline signals margin compression in the sector, though financial investments grew 9.2% to R$ 142.3 billion, partially offsetting operational weakness.