Porto Seguro S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 27, 2024 at 05:05 pm EST
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Porto Seguro S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net income was BRL 648.9 million compared to BRL 555.6 million a year ago.
For the full year, the company reported revenue was BRL 32,597.54 million compared to BRL 26,602.52 million a year ago. Net income was BRL 2,266.15 million compared to BRL 1,139.97 million a year ago.
Porto Seguro SA is a Brazil-based company primarily engaged in the automobile insurance sector. The Company's activities are divided into six business segments: Car insurance, which offers automobile insurance products; Health insurance and plans, which provides health and dental insurance policies and healthcare plans; Life insurance and pension plan, which includes life insurance products and management of pension plans; Other insurance, which provides other non-life insurance policies; Financing, which is involved in the credit transactions, and Other, which mainly includes insurance services provided in Uruguay. In addition, the Company offers a range of services not related to insurance activity, such as electronic protection and surveillance and distribution of automotive parts. The Company is controlled by Porto Seguro Itau-Unibanco Participacoes SA.
PORTO SEGURO S.A. 
