Porto Seguro S.A. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
July 29, 2018
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Porto Seguro S.A. announced consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenues of BRL 4,514,018,000, operating result before financial result of BRL 351,826,000, operating income of BRL 519,889,000, income before income and social contribution taxes of BRL 519,889,000 and net income attributable to shareholders of the company was BRL 333,089,000 against total revenue of BRL 4,138,391,000, operating result before financial result of BRL 64,032,000, operating income of BRL 261,360,000, income before income and social contribution taxes of BRL 261,360,000 and net income attributable to shareholders of the company was BRL 235,703,000 a year ago.
For the quarter, the company reported total revenues of BRL 8,901,400,000, operating result before financial result of BRL 594,610,000, operating income of BRL 998,476,000, income before income and social contribution taxes of BRL 998,476,000 and net income attributable to shareholders of the company was BRL 609,213,000 against total revenue of BRL 8,200,413,000, operating result before financial result of BRL 125,459,000, operating income of BRL 628,646,000, income before income and social contribution taxes of BRL 628,646,000 and net income attributable to shareholders of the company was BRL 450,003,000 a year ago. Net cash flow from operating activities was BRL 547,715,000 against BRL 606,315,000 a year ago. Acquisition of fixed assets was BRL 106,722,000 against BRL 86,126,000 a year ago. Investments on intangible were BRL 93,520,000 against BRL 110,442,000 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.