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Brazil's BB Seguridade reports Q1 profit up 11.7 pct

SAO PAULO, May 6 (Reuters) - Brazil insurance holding company BB Seguridade Participações SA on Monday posted a 11.7 percent rise in first-quarter net income year-on-year, as the firm sold more insurance policies and pension contributions rose.

BB Seguridade's net income came in at 1.01 billion reais ($254.52 million), exceeding an analyst consensus estimate compiled by Refinitiv of 917.5 million reais.

($1 = 3.9683 reais) (Reporting by Carolina Mandl and Jake Spring; Editing by Tom Brown)