Porto Seguro Announces Earnings Results for the First Quarter of 2018
May 01, 2018
Share
Porto Seguro announced earnings results for the first quarter of 2018. for the quarter, total revenues were BRL 4,387,382,000 compared to BRL 4,060,220,000 a year ago. In terms of the operational revenues, company was able to grow 8% compared to the same quarter of last year, and the news is that the insurance, specially, Car Auto Insurance has been responsible for a greater part of this growth. Operating results before financial results were BRL 242,783,000 compared to BRL 61,427,000 a year ago. Operating income was BRL 478,586,000 compared to BRL 367,286,000 a year ago. Net income for the period was BRL 275,849,000 compared to BRL 213,449,000 a year ago. Net income attributable to shareholders of the company was BRL 276,124,000 compared to BRL 214,300,000 a year ago. Net cash out flow from operating activities was BRL 317,712,000 compared to BRL 196,958,000 a year ago. Acquisition of fixes assets was BRL 51,295,000 compared to BRL 49,542,000 a year ago. ROAE was 15.9%.
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. 
