IRB Brasil receives board nomination from government

On 8 September 2026, IRB Brasil reported that the Brazilian federal government, acting through its golden share, nominated Debora Freire Cardoso as alternate to the chairman of the board of directors. Following the nomination, Jorge Lauriano Nicolai Sant'Anna submitted his resignation from the position.

The company stated it will begin procedures to elect Cardoso once the prior consultation process with the Superintendence of Private Insurance (SUSEP) concludes. Cardoso currently serves as Secretary of Economic Policy at the Ministry of Finance.

Separately, Brazil's Senate approved Bill 3,540/2026, which now awaits presidential sanction. The legislation removes the 30% cap on utilizing deferred tax assets (DTA), reduces the CSLL tax rate from 15% to 9% starting in 2027, and cuts the corporate income tax (IRPJ) rate from 25% to 15% starting in 2030, lowering the corporate tax rate from 40% to 24%.

JP Morgan analysts noted that removing the DTA consumption cap benefits IRB Brasil given its existing balance of approximately 2 billion reais. The bank estimates a potential net present value gain of roughly 22% for the company, projecting a positive revision to accounting earnings of about 7% in 2027 alongside higher solvency and increased payout capacity.