Porto Seguro : Investors News - Performance in Non-Life Insurance
December 11, 2018 at 01:55 pm EST
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Porto Seguro Investors News (66) - Porto Seguro Performance in Non-Life Insurance
Dear Investor,
See below a short analysis about the development of the non-life insurance products, in which Porto Seguro is market leader.
We have consistently gained market share since the last 15 years, which was extra boosted by the acquisition of Itaú Auto and Homeowner insurance portfolio in 2009. Taking the more favorable economic climate in the first 10 years into account and, thereafter, a worsened economic environment in the last 5 years, our market performance has been presenting sustainable results.
Our new initiatives in the Auto insurance and strategic goals to expand portfolio diversification make us optimistic to continue delivering rock-solid results in the non-life insurance, which we believe has great growth potential, mainly due to the low penetration rates in Brazil.
Porto Seguro Non-Life Insurance¹
Premiums (R$ MM)
CAGR:
Average GDP Annual Growth 2003-2013:
+3.8%
Average GDP Annual Growth 2014-2018*:
+9%
-0,9%Auto
Other
Total Non-Life
*Projected Growth for 2018 according to Boletim Focus (November, the Ninth, 2018) - Brazilian Central Bank
Porto Seguro Non Life
Insurance Market Share¹
28% 25%
20%
16% 10% 4%
16%
17%
12%
6% 4%
7%
2003
2008
2013
2018
Auto
Other
Total Non-Life
¹Excluding Life and Health insurance - Source: SUSEP
Kind regards,
Relação com Investidores / Investor Relations - Tel.: (+55) 11 2393-7092 Porto Seguro -http://www.portoseguro.com.br
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Porto Seguro SA published this content on 11 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 December 2018 18:54:01 UTC
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. 
