Sul America S.A.

Sul America S.A. Net Income Increases 65.6% to R$118.3 Million in 1Q08

Published in Healthcare Finance, Tax and Law Weekly, May 28th, 2008

Sul America S.A. (Bovespa: SULA11) announces its results for the first quarter of 2008 (1Q08). The Company's operating and financial information, except where otherwise stated, is based on its financial statements and was prepared in Brazilian Reais (R$), in accordance with the CVM rules (including CVM rule No. 469, of May 2, 2008). Net income reached R$118.3 million in 1Q08, up 65.6% over 1Q07. ROAE was 23.5% in 1Q08.

Total insurance premiums reached R$1.8 billion in 1Q08, up 6.8% over 1Q07. Health insurance premiums (53.2% of total insurance premiums in 1Q08) increased 7.2% in 1Q08 over 1Q07. Group health insurance premiums (33.9% of total insurance premiums)...

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Source: Healthcare Finance, Tax and Law Weekly (2008-05-28)

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