Brazil’s Hapvida Profit Plunges 65% as Healthcare Giant Battles Rising Claims and Shrinking Membership

2026-03-19 - 10:10

3 Key Points —Hapvida reported adjusted net income of R$180.6 million ($35M) in Q4 2025, a 64.9% year-over-year decline, with adjusted EBITDA falling 32.8% to R$713.8 million ($137M) — continuing the margin compression that triggered a historic 43% single-day stock crash following Q3 results in November 2025. —Cash sinistralidade (medical loss ratio) reached 75.5% in