Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 222

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 222
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 including: (i) fixed income, totaling a loss of R$2,607 million in 2024 (compared to a gain of R$7,307 million in the year ended December 31, 2023), reflecting the reduction of R$19,362 million, or 6.9%, in investments in Brazilian government bonds in the year ended December 31, 2024; and (ii) equity totaling a loss of R$543 million in the year ended December 31, 2024 (compared to a gain of R$1,555 million in the year ended December 31, 2023).
 
Ø  Gross profit from insurance and pension plans
 Our gross profit from insurance and pension plans for the year ended December 31, 2024 increased by R$3,707 million, or 70.8%, compared to year ended December 31, 2023, due to the increase in insurance and pension income (an increase of R$8,000 million or 15.6%) and a subsequent increase in premiums issued and increased contribution from pension plans (including VGBL).
 

Ø   Expected loss on loans and advances
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 Our expenses in relation to expected loss on loans and advances for the year ended December 31, 2024 decreased by R$3,540 million, or 11.7%, compared to year ended December 31, 2023, driven by the improvement in the profile of the portfolio (mainly retail), as the quality of the new credit cohorts and actions implemented in the credit concession and recovery process generated greater efficiency in collections and resulted in higher credit recovery revenues.

140 – Form 20-F 2024 | Bradesco
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The following table shows the changes in our expected losses on loans and advances, expenses with losses of loans and advances, amounts recovered and charge-offs for the years ended December 31, 2024 and 2023, as well as our ratio of expenses with losses to the average balances of loans and advances to customers (shown as a percentage of the average balance of loans and advances to customers), in all cases as set out in Note 11(d) (Consolidated – All stages) of our consolidated financial statements prepared in accordance with IFRS-Accounting Standards as included in “Item 18. Financial Statements”.
 
                                                                                                          R$ in thousands, except %       
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2024                                                                                                        2023       % change
Balance at the beginning